W. Hulme, where artisans manufacture more than 250 leather and canvas products from small leather goods to luxury luggage, has been dominated by baby boomers and their parents for the past decade.

FORBES: How 108 Year Old J.W. Hulme Is Reinvesting In America's Manufacturing Roots

The jewelry and watch division was among all categories of products that led to a successful year for LVMH, which owns luxury brands in fashion and leather goods, wine and spirits, perfumes and cosmetics, and Internet retailing.

FORBES: LVMH Jewelry and Watch Sales Sparkle