LVMH Moët Hennessy Louis Vuitton reported 2025 full-year revenue of €80.8 billion, down 5% on a reported basis and down 1% on an organic basis as broader markets faced economic and geopolitical disruption. Within the group, the watches and jewellery segment generated €10.5 billion in revenue, posting 3% organic growth, outperforming several other business groups.
The division’s performance was driven by Jewellery brands Tiffany & Co, Bvlgari, Chaumet, Repossi and Fred, whose strong demand helped offset softer results elsewhere. Renovated store openings and appeal of iconic collections supported continued sales momentum in both established and emerging markets.
Tiffany & Co. continued to strengthen its position through an ongoing renovation of its global store network and sustained demand for iconic collections, notably HardWear, Knot and Bird on a Rock. In high jewellery, the Blue Book Sea of Wonder collection delivered the strongest performance in the maison’s history. Tiffany’s creativity was also recognised at the Grand Prix de la Haute Joaillerie in Monaco, where it received two awards.
The new retail concept inspired by The Landmark in New York continued its international rollout, with recently opened flagships in Milan and Tokyo reporting strong footfall and revenue
Bvlgari recorded another record year, led by global celebrations of its Serpenti icon, including an immersive exhibition in Shanghai, followed by showcases in Seoul and Mumbai. The Polychroma high jewellery collection achieved record sales of multi-million-dollar pieces, alongside the opening of new flagship stores in key markets.
Chaumet advanced its Bee de Chaumet line and introduced the Jewels by Nature high jewellery collection.