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Trump Imposes 39% Tariff on Swiss Goods After Trade Talks Collapse; LVMH Reports €39.8 Billion in H1 2025 Revenue
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Market News
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Trump Imposes 39% Tariff on Swiss Goods After Trade Talks Collapse
U.S. President Donald Trump has announced the imposition of a 39% tariff on Swiss goods, including watches, following the collapse of trade negotiations with Switzerland ahead of the August 1 deadline. The move is part of the administration’s broader effort to address trade imbalances and apply pressure on countries perceived to have unfair trade advantages. The new tariff is expected to significantly impact Switzerland’s export-driven watch industry, which is already facing weakened global demand. |
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LVMH Reports €39.8 Billion in H1 2025 Revenue
In the first half of 2025, LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury goods group, reported revenue of €39.8 billion, demonstrating resilience and continued innovation amid ongoing geopolitical and economic challenges. Growth remained strong in Europe, supported by solid local demand, while the U.S. market held steady. Although Japan experienced a decline compared to the same period in 2024 - largely due to an exceptional tourism surge driven by a weaker yen - the rest of Asia showed stable performance, with improved sales to local customers in the second quarter. LVMH posted a profit from recurring operations of €9 billion, representing an operating margin of 22.6%, and a Group share of net profit totaling €5.7 billion. |
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Company News
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Bvlgari Opens Enrollment for Scuola Bvlgari
Set to launch its inaugural courses in September 2025, Scuola Bvlgari - developed in partnership with TADS – Tarì Design School - will open its doors within the newly expanded Manifattura Bvlgari in Valenza, the world’s largest single-branded jewelry manufacturing site. As the first educational initiative of its kind to be housed within an operational jewelry facility and accessible to all aspiring artisans, the school offers comprehensive training in goldsmithing and gemstone setting. This unique program underscores Bvlgari’s deep commitment to craftsmanship and to nurturing the next generation of high jewelry talent, providing students with the opportunity to master each stage of the creation process in an environment defined by excellence and innovation. |
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Messika Presents Its Summer 2025 Campaign, Directed by Ezra Petronio and Photographed by Juliette Abitbol
Shot on the island of Majorca, the new Messika campaign celebrates a contemplative summer. A warm light, infinite azure, a desire for summer and nature where gold and diamonds flirt against the skin. With her singular visual language, Juliette Abitbol signs an elegant and nostalgic campaign - at once timeless and intimate. Annemary Aderibigbe and Summer Dirx are the heroines of Messika’s summer. Their skin is sun-kissed and radiant, luminous and precious. In the glow of this Mediterranean setting, the signature pieces of the House shine. So Move reveals its sculptural gold and diamond links. Fiery celebrates the duality of the pear-shaped diamond - where softness meets sculptural strength. Move Noa unveils Messika’s expertise in a chiseled gold variation that recalls the precious textures of the 70s. |
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Product Launch
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A. Lange & Söhne Unveils New ZEITWERK
A. Lange & Söhne has unveiled a new version of its progressive mechanical digital watch, now featuring a ring-shaped date display. This is the first model in the ZEITWERK watch family to combine the warm hue of pink gold with a grey dial. In addition to the signature jumping numerals mechanism, the ZEITWERK DATE, first introduced in 2019, is equipped with an innovative date ring that encircles the dial. Made of printed glass, the ring displays numerals from 1 to 31. A small coloured segment on a disc beneath the date ring advances one step precisely at midnight, highlighting the current date in red. Over the course of a month, the highlighted segment moves around the dial, completing a full revolution—allowing the wearer to instantly gauge the progression of the month.
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Oris Launches Divers Sixty-Five Chronograph Line
Oris introduces a refined new chapter to its iconic Divers Sixty-Five Chronograph line with a striking ocean-green iteration that blends neo-vintage design with modern watchmaking excellence. The new 40.00 mm model carries forward the spirit of Oris’s original 1965 everyday dive watch, which the brand revived over a decade ago to great acclaim. Echoing the aesthetics of its predecessor, this edition features vintage-inspired pump chronograph pushers, condensed numerals, and a shield-shaped index at 12 o’clock. The watch’s character is elevated with a sophisticated sunray silver-grey dial, accented by deep ocean-green detailing on the dial and bezel. These colors draw inspiration from nature, particularly the forested hills and lush landscapes surrounding the Oris Hölstein factory.
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Presenting the Bucherer Fine Jewellery
The Bucherer Fine Jewellery collection embodies the pinnacle of sophistication, craftsmanship, and timeless beauty. As one of the most respected names in the world of luxury jewellery, Bucherer brings forth a heritage of excellence that dates back over a century, seamlessly merging traditional artistry with contemporary aesthetics. Each piece in the Bucherer Fine Jewellery collection is a testament to the maison’s unwavering commitment to quality and refinement. Rooted in a legacy of precision and artistry, Bucherer Fine Jewellery effortlessly balances timeless elegance with modern sophistication. From classic solitaires and reimagined heritage pieces to bold contemporary creations, the collection offers a diverse array of styles suited to both everyday luxury and extraordinary moments. |
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Noora Shawqi Introduces Her Latest Collection: Love in Tokyo
Introducing Love in Tokyo, a special capsule collection by Noora Shawqi that pays tribute to her iconic Japan collection. This elegant new series captures the spirit of love through delicate 18k gold designs, thoughtfully crafted to blend refined artistry with heartfelt emotion. Available in rose, yellow, and white gold, each piece centers around the timeless heart motif—offering an intimate and charming expression of connection. The collection features a vibrant selection of gemstones, including diamonds, rubies, pink sapphires, and blue sapphires, adding depth and brilliance to every design. Select pieces also offer customizable initials, making them ideal for meaningful gifting or personal keepsakes. Love in Tokyo includes necklaces, rings, hoops, and bracelets: timeless styles designed to elevate everyday moments or commemorate special occasions.
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SWAY by SWE ME
The Sway Collection is a new fine jewellery line from SWE ME that celebrates fluidity, individuality, and the quiet power of self-expression. Inspired by gentle curves that reflect the essence of the brand, The Sway Collection captures the rhythm and movement of everyday life. Crafted in gold and diamonds, each piece is designed to move with the wearer and adapt effortlessly from day to night, work to travel, and everything in between. From sculptural rings to elegant earrings, the collection offers versatile styles that can be worn on their own or layered with ease. The Sway speaks to a woman’s instinct to evolve, to express without limits, and to embrace the beauty of imperfection. |
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Exhibitions & Events
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Jewellery, Gem & Technology in Dubai boosts global sourcing opportunities this November
Jewellery, Gem & Technology in Dubai (JGTD) is bolstering its role as a powerhouse B2B sourcing destination with its highly anticipated fourth edition. Scheduled for 11 – 13 November, the show will introduce a number of new additions, including a High Jewellery exhibit, an expanded technology zone and an exclusive content programme, show organisers Informa Markets Jewellery and Italian Exhibition Group SpA (IEG) announced today. Taking place in Halls 1 & 2 South of the Dubai Exhibition Centre at Expo City, JGTD will once again present a showcase of the industry’s core product categories consisting of finished and semi-finished jewellery, loose diamonds and coloured gemstones, packaging solutions, jewellery technology and lab-grown diamonds – both loose and jewellery-set. |
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India & UK Ink ‘Gem of a Partnership’ as FTA Paves Way for $7 Billion Gem & Jewellery Trade Boom
Hon’ble Prime Minister Shri Narendra Modi and UK Prime Minister Sir Keir Starmer signed the landmark India-UK Free Trade Agreement (FTA) on 24th July 2025 at Chequers, the official country residence of the British Prime Minister. Mr. Kirit Bhansali, Chairman, Gem & Jewellery Export Promotion Council (GJEPC), was present at the ceremony as part of a special 20-member business delegation led by Hon’ble PM to UK. The FTA is set to transform bilateral trade between the two nations, with nearly 99% of Indian exports gaining zero-duty access to the UK market. The pact is expected to significantly boost Indian gem exports across key sectors, especially plain gold and gemstone studded jewellery. |
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GJEPC’s Jewellers for Hope Marks a Decade of Giving with Impact and Star Power
The 10th edition of Jewellers for Hope, the flagship charity fundraiser by the Gem & Jewellery Export Promotion Council (GJEPC), lit up Mumbai with compassion, commitment and a celebration of social impact. Held alongside IIJS Premiere 2025, the landmark edition brought together industry leaders, philanthropists, and dignitaries to honour a decade of meaningful giving. Organised in partnership with De Beers Group and World Gold Council, powered by GIA, and co-partnered by HRD Antwerp, this milestone evening paid tribute to the transformative power of collective effort. Since its inception in 2014, Jewellers for Hope has contributed over ?12 crore to 20 NGOs working across healthcare, education, women’s empowerment, and social welfare. |
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