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LVMH Posts Slight Revenue Decline in Q1 2025 Amid Market Uncertainty
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Market News
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LVMH Posts Slight Revenue Decline in Q1 2025 Amid Market Uncertainty
LVMH, the world’s foremost luxury conglomerate, has released its Q1 2025 sales figures, covering the period ending March 31. While the group ended 2024 on a strong note with a slight revenue uptick that compensated for mid-year dips, the broader geopolitical and economic context has grown increasingly uncertain. Challenges such as U.S. tariff tensions and economic headwinds in China have begun to impact luxury consumption. Nevertheless, LVMH demonstrated resilience in the first quarter of 2025, maintaining solid performance in select segments — particularly Watches & Jewelry.
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Company News
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Van Cleef & Arpels Celebrates the Emergent Designer Prize’s 10th Anniversary with Tashkeel
Van Cleef & Arpels, in collaboration with Tashkeel, proudly marks the 10th anniversary of the Emergent Designer Prize with a special exhibition at the newly renovated Tashkeel Nad Al Sheba. The exhibition pays tribute to creativity, showcasing the winning works of designers from the United Arab Emirates, Saudi Arabia, Bahrain, Oman, Qatar, and Kuwait. This year’s exhibition shines a spotlight on the latest winner, Hajar Al Tenaiji, alongside the outstanding creations of past winners and finalists. The exhibition also features the works of this year’s finalists, showcasing the breadth of talent emerging from the region, including Lamies Yahya and Khaled Al Kathir. The exhibition will run for seven weeks, from April 15th - June 3rd, offering visitors a unique opportunity to explore a decade of design excellence and innovation.
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The Palme d’or
Acknowledged as the ultimate accolade in the seventh art, the Palme d'or is celebrating its 70th anniversary. The mere mention of its name brings to mind endless silver-screen memories, as well as the admiration Chopard nurtures for the Cannes Film Festival, to which it has served as official partner since 1998. The Maison’s privilege of designing and creating the Palme d’or as well as all Festival awards is attributable to its Co-President and Artistic Director Caroline Scheufele. No less than 70 hours of work and precious expertise are required to craft the trophy in Chopard's Haute Joaillerie workshops in Geneva. The 78th Cannes Film Festival will take place from 13 to 24 May 2025. The jury will once again be chaired by a woman in the person of Juliette Binoche. |
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Damiani Unveils New Creations at Haute Jewels Geneva
During Haute Jewels Geneva, Damiani has unveiled new pieces from its core collections, Mimosa, Mimosa Watches, Margherita and Belle Epoque Reel. The Mimosa rings, bracelets, earrings and necklaces in white, yellow or pink gold are true works of art. Mimosa watches that become even more alluring and contemporary through the usage of color in the dial and satin strap, striking the perfect balance between elegance and sophistication. Margherita collection harmoniously studied in detail, the new sets comprise a ring and a necklace with pendant, available in three variants. And Belle Époque collection is enriched with fresh and captivating designs centred around the heart, portrayed as a symbol of vitality, and colour. |
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Product Launch
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Timeless Rivalry on the Wrist: Breitling Honors Cycling Legends Coppi & Bartali
Fausto Coppi and Gino Bartali united a nation through their professional rivalry and extraordinary real-life friendship. Now, Breitling unveils two vibrant limited-edition chronographs dedicated to the Italian cyclists’ legacy of resilience and achievement. The Top Time B01 Fausto Coppi features turquoise subdials on a white dial, with an orange lightning-shaped seconds hand echoing the colors of Coppi’s bike. The Top Time B01 Gino Bartali comes in a blue dial with yellow accents, inspired by his memorable jersey. Both 750-piece limited editions feature their nicknames on the tachymeter scale: “Il Campionissimo” (Champion of Champions) for Coppi and “L’Intramontabile” (The Timeless) for Bartali. |
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H. Moser & Cie Presents the Pioneer Centre Seconds Sunny-Side Up
What came first: the chicken or the egg? The Pioneer Centre Seconds Sunny-Side Up asks, ‘Does it matter?’ With its eye-catching design, this 40mm timepiece hatches a delicious twist on the Pioneer collection. The yellow fumé dial gleams like a sun-kissed yolk, while the white rubber strap mirrors the pristine clarity of stiff egg whites. Powered by the HMC 201, it’s a playful reminder that it doesn’t matter what came first or last — just embrace the present moment. Oh look, it’s time for brunch. |
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The New Perrelet Turbine Chrono Neo
Perrelet, the renowned Swiss watchmaker with nearly 250 years of heritage, expands its legendary Turbine collection with the launch of the Turbine Chrono Neo — a new-generation chronograph available in three dynamic versions. Known for blending innovation with bold design, Perrelet continues to push boundaries with this latest release. The Turbine Chrono Neo introduces fresh updates and a sportier edge, appealing to both active lifestyles and casual wardrobes. It marks the brand’s return to chronograph complications in the Turbine line, nearly eight years after its last release. |
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The Art of Bespoke: House of Klara’s Signature Service
House of Klara, the Dubai based fine jewellery atelier known for its poetic minimalism and storytelling through design, is excited to introduce its bespoke jewellery service; an intimate, collaborative journey where personal narratives are transformed into timeless treasures. At the heart of House of Klara’s bespoke process is a simple but powerful idea: every piece begins with a conversation. Whether commissioning an entirely new design or reimagining a beloved heirloom, each journey starts with an appointment - a quiet moment to explore sentiment, memory, and vision. |
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Presenting VASL x ALIEL - A Tribute to Art, Heritage and Social Impact
VASL x ALIEL brings together artists, jewellery designers, manufacturers, and curators to reimagine traditional jewellery through a fresh, expressive lens. In partnership with VASL Artists' Collective and Rohtas 2 Gallery, this project provides young artists access to precious materials, gemstones, mentorship, and artisanal production — resources often beyond reach due to structural and financial limitations. The collection features work by painters, sculptors, printmakers, and textile artists, each transformed into haute joaillerie pieces through intricate techniques such as stone carving, hand enameling, and goldsmithing. |
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Exhibitions & Events
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Oroarezzo, A Jewel Is The «Mirror of Time» In the Première Competition
Jewellery: bright materials, crystals, stones, textures. Iridescent elements that master goldsmiths shape into reflections of emotions, personality and style. This is how the 34th edition of Première sees jewellery: contemporary design combined with the heritage of made-in-Italy jewellery tradition, objects that change with the body's movements. The contest at Oroarezzo, the show organized by Italian Exhibition Group scheduled to take place from 10th to 13th May at Arezzo Fiere e Congressi in the Italian city of Arezzo - Tuscany, celebrates the productive and creative excellence of Made in Italy in the gold, silver and jewellery sector. The theme of the 2025 edition is “mirror of time”. Third edition for the “Talents” category specifically for young students from Italian goldsmith schools and designers under 30. |
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