Tiffany & Co.

The Watches & Jewelry business group recorded organic revenue growth of 3% in 2025. Profit from recurring operations was down 2%.

Tiffany & Co. continued to successfully renovate its store network and strengthen its iconic product lines, with the HardWear, Knot and Bird on a Rock collections posting particularly strong performances. In high jewelry, the Blue Book Sea of Wonder line delivered an unprecedented performance for the Maison, whose creativity was also recognized at the Grand Prix de la Haute Joaillerie in Monaco, where it won two awards. Its new store concept inspired by The Landmark in New York continued its global rollout. Recently opened flagships in Milan and Tokyo saw a high level of in-store traffic and revenue. Bvlgari had another record year, starting with a celebration of the iconic Serpenti in Shanghai through an immersive art exhibition, which was subsequently shown in Seoul and Mumbai. The new Polychroma high jewelry collection generated record sales of multi-million-dollar pieces. New flagship stores were opened in key markets. Chaumet continued to develop its emblematic Bee de Chaumet jewelry line and unveiled its Jewels by Nature high jewelry collection. In watches, TAG Heuer enjoyed a high-profile presence at the Grand Prix races of Formula 1® as part of the partnership entered into in 2024. A number of innovations from LVMH’s Maisons were unveiled at watch shows, including much-remarked limited editions from Hublot and Zenith.

Selective retailing