Watches and jewelry was LVMH Moet Hennessy Louis Vuitton's most successful category in the first quarter of 2008, with revenues up 12 percent and TAG Heuer's Grand Carrera collection cited as among the most successful products. Overall sales were $6.38 billion (4 billion euros) for the first quarter, up just 5 percent over the first quarter of 2007 "as a result of the negative impact of exchange rates," the company said in a media release issued on Tuesday.

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