On an organic basis, revenue remained flat, reflecting the segment's resilience amid ongoing global economic and geopolitical headwinds.

The division contributed 11% to LVMH’s total Q1 revenue, with standout performances from several flagship brands.

Tiffany & Co. continued its upward momentum, expanding its legendary collections and accelerating the global rollout of its new store concept, inspired by The Landmark flagship in New York.

Bvlgari embraced the Year of the Snake with a high-profile celebration of its iconic Serpenti line, highlighted by immersive art exhibitions in Shanghai and Seoul that drew significant public attention.

Meanwhile, Chaumet reimagined its emblematic Bee de Chaumet collection, unveiling refreshed designs that honour the house’s deep-rooted heritage and fine craftsmanship.

Despite external pressures, LVMH’s Watches & Jewellery division demonstrated a steady trajectory as it heads further into 2025.