This is the first acquisition of an atelier by the Kering-owned jeweler, as luxury groups continue to secure know-how and supply chains.
is the latest jeweler to join the fray of luxury houses scooping up specialized ateliers in an effort to secure supply chains and know-how.-owned jeweler on Monday revealed its first acquisition, a Paris-based workshop that has the Belter, Etablissements E. Blondeau, Chanson & Cie. and FG Développement companies under its umbrella, with an eye to reinforcing its high jewelry capabilities.
Having a high jewelry atelier on or in the vicinity of Place Vendôme remains a sign of hard luxury prestige, with houses such asflagship, Cartier carved out space for 18 workbenches dedicated to high jewelry, bathed in natural light both from the interior skylight and the street outside. The group previously acquired Italian jewelry manufacturer Pedemonte, which employs some 350 people in northern Italy, while Christian Dior snapped up Oteline and FG Manufacture, two France-based companies that have the “Entreprise du Patrimoine Vivant” status.
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