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
Lost Florentine Diamond Resurfaces in Canada After a Century, Tracing Its Glittering Origins to India’s Golconda Mines
Once a royal treasure of the Medici and Habsburg dynasties, the 137.27-carat gemstone reemerges in a Montreal vault, reaffirming India’s Golconda as the cradle of the world’s most storied diamonds.
The legendary Florentine Diamond — a 137.27-carat light yellow gemstone believed to have originated from India’s famed Golconda mines — has been rediscovered in a Canadian bank vault, ending over a hundred years of intrigue surrounding its disappearance.
According to recent reports, the diamond—once among Europe’s most celebrated royal jewels—was located in a vault in Montreal, safeguarded for decades by descendants of the Austrian imperial Habsburg family. The gemstone vanished after the fall of the Austro-Hungarian Empire in 1918, following Emperor Charles I’s exile, sparking decades of speculation over its fate — whether it was stolen, lost, or secretly sold.
Historians now confirm that Empress Zita, widow of Charles I, discreetly transferred the diamond to Canada during World War II for safekeeping. Its authenticity was recently verified by a European jewellery house that historically served the Habsburg court, confirming the gem’s provenance and preservation.
Renowned for its pale yellow hue and unique double-rose cut with 126 facets, the Florentine Diamond boasts a storied history — from its origins in India’s Golconda mines, to the Medici treasury in Florence, and later as part of the Austrian Crown Jewels in Vienna.
Its rediscovery has reignited global fascination with India’s gem legacy, which gave birth to other iconic diamonds like the Koh-i-Noor, Hope, and Nassak. Experts say the find underscores the importance of provenance and gem heritage in an increasingly globalised jewellery market.
The Habsburg family has announced plans to publicly exhibit the diamond in Canada next year, with potential displays in Europe to follow.
After more than a century of obscurity, the reemergence of the Florentine Diamond not only restores a lost royal masterpiece but also revives India’s enduring connection to the world’s most illustrious jewels.
Lost Florentine Diamond Resurfaces in Canada After a Century, Tracing Its Glittering Origins to India’s Golconda Mines
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