Richemont, a luxury goods company, has closed a private deal to acquire Vhernier S.p.A., an Italian jewelry business that sculpts pieces entirely by hand. Vhernier was founded in 1984 in Valenza, Italy, and is located in Milan. The Traglio family acquired the company in 2001.
Vhernier is well-known for its contemporary jewellery designs, which take inspiration from human body curves and modern sculpture to create dramatic, ergonomic shapes. Notably, the brand combines typical precious metals and gemstones with uncommon materials such as titanium, bronze, and ebony. This distinct mix, combined with inventive craftsmanship, is visible across its lines, which include Calla and Palloncino.
All Vhernier items are created in Valenza, a city known for its brilliance in jewelry making, providing exceptional craftsmanship and quality. The brand’s items are sold through a carefully curated network of standalone boutiques and multi-brand stores, mostly in Europe and the United States.
Vhernier also runs De Vecchi Milano 1935, an Italian heritage brand known for its contemporary tableware and home furnishings.
Johann Rupert, Chairman of Richemont, stated, “Maison Vhernier brings a distinguished and distinctive design that beautifully blends modern, sleek, and elegant shapes with unconventional materials, magnified by exceptional craftsmanship.” This distinct design compliments our existing line of prestigious jewellery Maisons.
“We are thrilled to welcome Vhernier‘s excellent staff to the Richemont family. We look forward to collaborating to help this excellent Maison reach its full potential in the flourishing branded jewellery market.”
Carlo Traglio, Chairman, and Maurizio Traglio, CEO of Vhernier, stated, “We are delighted for Maison Vhernier to join Richemont, the undisputed leader in design jewellery.” We are confident that our unique jewellery Maison will thrive under Richemont‘s management, knowledge, and careful nurturing.”
Richemont stated that the transaction, which is subject to certain usual conditions and regulatory clearances, will have no significant financial impact on its consolidated net assets or operating results for the fiscal year ending March 31, 2025.