LVMH Moët Hennessy Louis Vuitton said its jewellery business recorded solid revenue growth in 2025, buoyed by successful product launches, boutique openings and events.

The luxury conglomerate said its Watches & Jewelry division, which includes renowned brands such as Tiffany & Co, Bulgari, Dior and Chaumet, among others, saw organic revenue growth of 3 per cent to €10.48 billion (around US$12.5 billion) last year. 

However, profit from recurring operations for the segment declined by 2 per cent, reflecting the impact of currency fluctuations and increased investments in store renovations and marketing, the group reported. 

Tiffany & Co, for instance, continued to enjoy robust demand for its iconic collections, led by the HardWear, Knot and Bird on a Rock lines. It also achieved record-breaking sales in high jewellery for the Blue Book 2025 Sea of Wonder.

A new store concept inspired by The Landmark in New York continued its global rollout while recently opened flagship boutiques in Milan and Tokyo witnessed a high level of in-store traffic and revenue. 

Meanwhile, Bulgari had another record year, supported by an immersive art exhibition in Shanghai, Seoul and Mumbai. The new Polychroma high jewellery collection generated record sales of multi-million-dollar pieces while new flagship stores were opened in the key markets of Milan, Los Angeles, Miami, Tokyo and Riyadh, the group said. 

LVMH reported overall revenues of €80.8 billion (approximately US$90 billion) in 2025, down 1 per cent amid a challenging global economic and geopolitical environment.