New Delhi, Dec. 27 -- A year that started with the prediction that fashion would become more individualised, saw many microtrends pop up through the months. Silk scarves emerged as the accessory of the moment, while denim became almost every designer's preferred canvas for experimenting with new silhouettes, washes and surface effects. The year also saw certain objects spiral into full-blown phenomena-think Labubus and The Row's Dune Slippers-while Hermes Birkin bags remained objects of desire even as the house tightened its already stringent rationing.

While most luxury fashion reports spoke of a lull in the industry, 2025 was anything but an uninteresting year, over all. Creative directors like Chanel's Matthieu Blazy and Dior's Jonath...