Richemont to Acquire Italian Jeweler Vhernier

Vhernier is renowned for the distinctive modern aesthetic of its design jewellery, inspired by the curves of the human body and the essential forms of modern sculpture to create bold sculptural and ergonomic shapes, as well as for the unusual combination of traditional precious metals and gems with unconventional materials such as titanium, bronze and ebony. These characteristics, brought to life by innovative craftmanship, can be seen throughout the Maison’s collections, amongst them Calla and Palloncino.

All jewellery pieces are handcrafted in Valenza, recognised for its jewellery manufacturing excellence, ensuring the highest level of craftsmanship and quality. They are sold through a highly selective network of mono-brand boutiques and prestigious multi-brand stores, predominantly in Europe and the United States.

Vhernier also operates De Vecchi Milano 1935, an Italian heritage silverware home decor brand, recognised for its timeless contemporary design, with whom it shares the same passion for design, quality and Made in Italy craftsmanship.

Johann Rupert, Chairman of Richemont, commented:

“Maison Vhernier brings a distinguished and distinctive design that beautifully blends modern, sleek and elegant shapes with unconventional materials, magnified by exceptional craftsmanship. This unique aesthetic perfectly complements our existing collection of renowned jewellery Maisons. We are delighted to welcome Vhernier’s talented team into the Richemont family. We very much look forward to working together to realise the full potential of this exceptional Maison within the thriving branded jewellery market.”

Carlo Traglio, Chairman, and Maurizio Traglio, CEO of Vhernier, commented:

“We are pleased for Maison Vhernier to join Richemont, the undisputed leader in design jewellery. We firmly believe that our distinctive jewellery Maison will flourish under Richemont’s stewardship, expertise and careful nurturing.”

The transaction will have no material financial impact on Richemont’s consolidated net assets or operating result for the year ending 31 March 2025. The results of Vhernier will be reported under the Jewellery Maisons business area. Completion remains subject to certain customary conditions and regulatory approvals.