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Pomellato buys stake in Italian goldsmiths Costanzo & Rizzetto
Pomellato has established a foothold in the town of Valenza, Italy's renowned jewellery and goldsmithery hub. The Italian fine jewellery brand, owned by Kering since 2013, has announced it has acquired a minority stake in goldsmiths Costanzo & Rizzetto. Pomellato did not reveal the size of the share it bought, nor the value of the investment, preferring to describe the operation as “a long-term partnership.”
Since Pomellato was founded in 1967, it has always manufactured its products at its laboratory in Milan. The alliance with Costanzo & Rizzetto ought to enable Pomellato to boost its output capacity, while tapping the know-how of Valenza, a small Piedmont town specialised in goldsmithery, where several major brands, among them Cartier and LVMH-owned Bulgari, have established a presence.
Costanzo & Rizzetto was founded in Valenza in 2008 by Davide Costanzo and Gregorio Rizzetto, heirs to two families of goldsmiths, specialised in jewellery making and the setting of precious gems since the 1970s.
Costanzo & Rizzetto is currently working with some of the world's leading jewellery brands. It employs approximately 60 people and operates a 1,200-square-metre site hosting the complete jewellery production cycle, combining artisanal manufacturing and innovation. Costanzo & Rizzetto is especially skilled in creating enamel jewellery, as indicated by its website.
Acquiring a stake in the Valenza-based company is “a key step for the growth of Pomellato,” said managing director Sabina Belli in a press release, underlining how “our respective expertise in combination with future synergies will enhance our entire manufacturing process.”
And will contribute to Pomellato’s growth.
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