【Genoa, Italy】A Rosy End to the Year for Gismondi 1754

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Editor’s Note

This article outlines a challenging 2025 for the jewelry house Gismondi 1754, with an expected annual revenue decline. However, a positive performance in the final quarter suggests a potential turning point and a foundation for recovery as the year concludes.

Massimo Gismondi. Copyright: Gioiellis.com
A Positive Turn in Q4 2025

For the Genoese jewelry house, revenue is expected to decline in 2025, but the fourth quarter marks a recovery.
The year, marked by a gloomy overall climate, is ending on a positive note. Gismondi 1754, the Genoese jewelry house listed on the Euronext Growth Milan index of the Italian Stock Exchange, has published its (voluntary) results for the fourth quarter and full year 2025. The result: revenue for the entire year 2025 will be down, but the fourth quarter was positive, signaling a reversal of the trend.

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In the fourth quarter of 2025, Gismondi 1754’s total sales reached €3.1 million, a clear increase compared to the €2.3 million recorded in the same period in 2024. This positive result is mainly explained by the performance of distribution channels and geographic areas, in line with the company’s strategy focused on foreign markets and the US market, thus offsetting the decline observed in the retail segments. The Wholesale segment, both in the United States and Europe, recorded strong growth of over 100% and 91% respectively, compared to the fourth quarter of 2024, accompanied by a significant increase in special sales compared to the same period in 2024.

Full-Year 2025 Revenue Declines

Consolidated revenue for 2025, however, remained down: €10.4 million, a decrease of 13% compared to the €12 million recorded at December 31, 2024, despite a clear improvement in the performance of the Saint-Moritz (+95%) and Prague (+37%) stores, which far exceeded previous year’s levels. Analysis of revenue by distribution channel shows that the Wholesale channel represents 38% of the total (compared to 48% at December 31, 2024). The Retail channel saw its share of total sales increase from 25% at December 31, 2024 to 31% at December 31, 2025. The Franchise channel reached a share of 12% at December 31, 2025, compared to 7% the previous year, while special sales maintained a stable share of 18%. According to Gismondi, the United States represents 14% of total revenue, compared to 10% in 2024. The Czech Republic and Switzerland also progressed (14% and 22% respectively), while the share of Italy and other countries amounts to 50%.

Gismondi 1754, bracciale con tanzanite di 39,54 carati, diamanti di 16,18 carati. Copyright: gioiellis.com
CEO’s Statement on Results and Strategy
“The strong increase in revenue recorded in the fourth quarter is a significant result that clearly confirms the Group’s change of course and considerably strengthens our confidence in its medium- and long-term growth prospects. It is a clear sign of the solidity of our business model and the growing attractiveness of our offering. This result fully reflects the distinctive positioning of our core business – high-end custom jewelry, strongly marked by artisanal know-how – and confirms the relevance of our strategy focused on foreign markets, particularly the United States, which currently constitutes one of the Group’s main growth drivers. During the year, we also continued with determination the cost rationalization begun at the end of 2018, in order to strengthen our operational structure and improve our profitability. We are convinced that this process will generate significant structural gains in 2026, contributing to a progressive improvement in our margins. We approach the future with great enthusiasm and renewed ambition, thanks to the gradual consolidation of our presence in the United States and Europe, high-potential markets that represent an essential platform for the Group’s growth, value creation, and risk diversification.”

Massimo Gismondi, Chief Executive Officer of Gismondi 1754

Collana con una tanzanite tagliata a goccia di 56,37 carati, avvolta e sorretta da 63,21 carati di diamanti
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⏰ Published on: February 01, 2026