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The branded jewelry market is thriving, said Richemont Chairman Johann Rupert.
A Vhernier “Calla” necklace in 18-karat rose gold and ebony ($11,300). The Italian jeweler was recently acquired by Richemont for an undisclosed amount.
Geneva—Richemont has acquired Italian jewelry brand Vhernier, the luxury conglomerate announced Monday.
The Milan-based brand was founded in Valenza, Italy, in 1984, and was later acquired by the Traglio family in 2001.
The brand is best known for its modern aesthetic, inspired by the body’s curves and modern sculpture.
Its collections feature sculptural and ergonomic shapes, combining precious materials with unconventional ones, like titanium, bronze, and ebony.
“Maison Vhernier brings a distinguished and distinctive design that beautifully blends modern, sleek and elegant shapes with unconventional materials, magnified by exceptional craftsmanship,” said Richemont Chairman Johann Rupert.
The brand will “perfectly complement” its existing jewelry portfolio, he said, which includes Cartier, Van Cleef & Arpels, and its most recent jewelry acquisition, Buccellati.
“We are delighted to welcome Vhernier’s talented team into the Richemont family. We very much look forward to working together to realize the full potential of this exceptional maison within the thriving branded jewelry market,” said Rupert.
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The Milan-based brand was founded in Valenza, Italy, in 1984, and was later acquired by the Traglio family in 2001.
The brand is best known for its modern aesthetic, inspired by the body’s curves and modern sculpture.
Its collections feature sculptural and ergonomic shapes, combining precious materials with unconventional ones, like titanium, bronze, and ebony.
“Maison Vhernier brings a distinguished and distinctive design that beautifully blends modern, sleek and elegant shapes with unconventional materials, magnified by exceptional craftsmanship,” said Richemont Chairman Johann Rupert.
The brand will “perfectly complement” its existing jewelry portfolio, he said, which includes Cartier, Van Cleef & Arpels, and its most recent jewelry acquisition, Buccellati.
“We are delighted to welcome Vhernier’s talented team into the Richemont family. We very much look forward to working together to realize the full potential of this exceptional maison within the thriving branded jewelry market,” said Rupert.
Vhernier’s jewels are handcrafted in Valenza and sold in the United States and Europe through a network of mono-brand boutiques and multi-brand stores.
The jeweler also operates De Vecchi Milano 1935, an Italian heritage silverware and home décor brand.
“We are pleased for Maison Vhernier to join Richemont, the undisputed leader in design jewelry. We firmly believe that our distinctive jewelry maison will flourish under Richemont’s stewardship, expertise, and careful nurturing,” Vhernier Chairman Carlo Traglio and CEO Maurizio Traglio said in a joint statement.
The terms of the acquisition were not disclosed and its completion is subject to certain conditions and regulatory approval.
Richemont said the acquisition will have no material financial impact on its consolidated net assets or operating results for this fiscal year.
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