LVMH’s Watches & Jewellery division reported a 2% decline in revenue to €2.44 billion in Q1 2026, while delivering 7% organic growth, highlighting underlying demand despite currency headwinds and a volatile global environment.
Tiffany delivered a strong showing, driven by sustained demand for its HardWear line and continued upgrades to its retail network. The quarter also saw the launch of a new campaign featuring global brand ambassador Natalie Portman, alongside high jewellery showcases in Gstaad and Beijing.
Bvlgari recorded solid momentum, supported by its Serpenti and Tubogas collections, and introduced Eclettica, a new creative direction in high jewellery and watches. Chaumet benefited from the expansion of its Bee de Chaumet collection, reinforcing growth across its core lines.