MILAN — With private equity firm Clessidra SGR’s acquisition of a majority stake in Buccellati last year — and the subsequent arrival of new chief executive officer Thierry Andretta — the Italian jewelry company has been busy modernizing its artisanal image and plotting future growth.
“It’s a time of expansion, but also a kind of restart for the company,” said Andretta, noting that Buccellati has been focusing on making its jewelry more accessible to a wider range of customers, while remaining on the high end of the market: engagement rings in the new Romanza collection, for instance, range from between 7,000 and 8,000 euros, or about $9,755 to $11,148 at current exchange, to 30,000 or 40,000 euros, or $41,806 to $55,740, depending on the materials used.
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