MILAN — As Bulgari’s share price plummets further, speculation is rising that the family jeweler is becoming a takeover target.

Bulgari’s shares have shed more than 55 percent of their value in 12 months, giving the company a market capitalization of just $1.14 billion — a free fall so severe it helped push the company out of Italy’s MIB30 blue chip index. (Dollar figures have been converted from the euro at current exchange rates.) On Tuesday, Bulgari shares closed on the Milan Bourse at $3.76, down 4 cents, or about 1 percent. The high for the year, reached March 25, is $10.03, and the low, hit Sept. 10, is $2.82.

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