10 January 2017
Buccellati operating under a Chinese flag
The Chinese group, Gangtai, has just acquired an 85% stake in the capital of the Italian jeweler Buccellati, founded in 1919. In 2013, the family had already let go of its majority shareholding to the Italian investment fund Clessidra SGR, which enabled it to further develop its turnover internationally. Meanwhile, Buccellati had to leave its historic location on Place Vendôme after LVMH bought the building. These recent events show just how difficult it can get for independent companies, even when in good health, to withstand the power of large international groups.
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Buccellati store, opened in early 2016, rue de la Paix, Paris
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Bracelet made of brushed gold, lavender jade and diamonds
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In the middle, the patriarch Gianmaria Buccellati, surrounded by his two sons Gino and Andrea and his daughter Maria Cristina © Anita Calero
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Bracelet made of gold mesh and diamonds
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Gino, Maria Cristina, Andrea and Lucrezia Buccellati
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Buccellati's goldsmithery
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Andrea Buccellati and his daughter Lucrezia
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Brooch made from a baroque pearl
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