Cartier’s parent group Richemont has acquired 100 per cent of the Milan-headquartered jewellery brand Vhernier from the Traglio family for an undisclosed sum. 

Chairman of Richemont, Johann Rupert, said Vhernier’s aesthetic complements the group’s existing collection of jewellery Maisons, which includes Buccellati, Cartier and Van Cleef & Arpels. 

Founded in 1984 in Valenza, Vhernier was bought by the Traglio family in 2001. The brand’s items are handcrafted in Valenza and sold through a selective network of mono-brand boutiques and multi-brand stores, predominantly in Europe and the US. 

“We firmly believe our distinctive jewellery Maison will flourish under Richemont’s stewardship, expertise and careful nurturing,” said chairman Carlo Traglio and Maurizio Traglio, CEO of Vhernier. 

The company also operates a silverware home decor brand, De Vecchi Milano 1935. 

Richemont said the acquisition would not have a material financial impact on the group’s consolidated net assets or operating results for the year ending March 31.

The deal follows Richemont’s acquisition of a controlling stake in Italian shoemaking brand Gianvito Rossi last July.