Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

Alex Popov, President of the Moscow Diamond Exchange and head of the Âme jewelry brand, which uses lab-grown diamonds to produce jewelry, sat for an interview with Rough&Polished sharing his views on the coexistence of natural and man-made diamonds in...

23 august 2021

De Beers’ GemFair ropes in more than 160 Sierra Leone artisanal miners

De Beers inaugurated its GemFair pilot programme in Sierra Leone’s Kono District with 14-member mine sites in 2018 to create a secure route to market for ethically sourced artisanal and small-scale diamonds. GemFair programme manager Ruby Stocklin-Weinberg...

16 august 2021

Chinese conglomerate takes over Italian jeweller Buccellati

28 december 2016
Gangtai Group, a Chinese conglomerate acquired an 85% stake in the Italian jeweller Buccellati recently, according to media reports.
Buccellati was launched in Milan in 1919 by master goldsmith Mario Buccellati who also set up retail stores in various cities in Italy as well as abroad. His son, Gianmaria Buccellati went on to establish the brand and expand it exponentially across the globe.
In 2013, Clessidra, a private equity firm had taken a 67% share in the company while the Buccellati family retained 33%. However, earlier this year, in May, Clessidra itself was acquired by Italmobiliare, upon the sudden passing away of Clessidra founder Claudio Sposito.Under the terms of agreement with the Gangtai Group, Clessidra and the Buccellati family will continue to hold 15% of the stake.
The Gangtai Group, through its subsidiary Gangsu Gangtai Holding Co. Ltd., has vast experience as a international gold jewellery distributor and leading internet jewellery retailer in China. It is reported that the sale deal will be finalised in the second quarter of 2017; and post the takeover by the Gangtai Group, Andrea Buccellati, Buccelatti’s Creative Director and Honorary Chairman, will continue in his position, as will Gianluca Brozzetti the current CEO. It is reported that Buccellati had been valued at $282 million for the purposes of the deal.

Aruna Gaitonde, Editor in Chief of Asian Bureau, Rough & Polished