International News
LVMH’s Watches & Jewelry Division Holds Steady at €2.48B in Q1 2025
Despite a turbulent global backdrop, LVMH’s Watches & Jewelry arm posts stable revenue, driven by Tiffany & Co.’s global expansion and creative campaigns from Bvlgari and Chaumet.
LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury conglomerate, reported stable performance in its Watches & Jewelry division for the first quarter of 2025, with revenue reaching €2.482 billion. This marks a slight increase of 1% from €2.466 billion in Q1 2024. On an organic basis, which excludes currency fluctuations, the division’s revenue remained flat — a reflection of resilience in the face of ongoing economic and geopolitical headwinds.
Representing 11% of the group’s total Q1 revenue, the division was buoyed by the continued momentum of Tiffany & Co., which expanded its iconic collections and accelerated the global rollout of its new store concept inspired by The Landmark, its flagship location in New York City.
Bvlgari tapped into cultural storytelling with its celebration of the Year of the Snake, bringing new energy to its legendary Serpenti line through immersive art exhibitions in Shanghai and Seoul. Meanwhile, Chaumet spotlighted its rich heritage by reimagining the Bee de Chaumet collection, unveiling refreshed designs that emphasize the brand’s artisanal excellence and historical depth.
Despite market uncertainties, LVMH’s Watches & Jewelry division maintained its footing through a blend of innovation, craftsmanship, and strategic brand storytelling.
DiamondBuzz
Diamond Slump forces Debswana to diversify into copper, platinum and solar
Diamond-centric mining models is giving way to broader resource portfolios
Debswana Diamond Company, the 50–50 joint venture between the Botswana government and De Beers, is moving to diversify into copper, platinum and renewable energy as the prolonged downturn in natural diamond demand pressures earnings and forces the industry to rethink its growth strategy.
The company’s board has approved plans to invest in a portfolio of non-diamond projects after revenue fell 46% in 2024, the latest available financial year, highlighting the scale of the downturn in the global diamond market.
The move signals a strategic shift toward commodities with stronger long-term demand fundamentals, particularly copper, which is central to global electrification and energy-transition infrastructure.
Debswana’s diversification reflects a broader industry pivot as diamond producers confront weak consumer demand, rising competition from lab-grown stones and elevated inventories across the supply chain.
The shift is also visible among smaller exploration companies. Botswana Diamonds recently rebranded as Botswana Minerals, signalling its own strategic focus on copper exploration rather than diamonds.
Together, these moves underscore a growing consensus across the sector: the era of diamond-centric mining models is giving way to broader resource portfolios anchored in energy-transition metals.
-
BrandBuzz15 hours agoThe Pearl Edit: Thoughtful Women’s Day Gifting by GIVA
-
BrandBuzz16 hours agoAugmont Launches SPOT 2.0: One Platform. Every Product. Efficient Business
-
BrandBuzz19 hours agoSenco Gold & Diamonds Launches “SHAPE OF YOU”- AI Application for Women’s Day Celebration
-
National News20 hours agoKushals Fashion Jewellery Curates Special Women’s Day Edit Celebrating Strength, Style and Self-Expression
JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.