Why Patek Philippe Purchased Salanitro SA, Swiss Jewellery And Gem-Environment Enterprise

As we enter 2023, it’s a great time to choose a closer glimpse at some of the information that came out in slide of last year that may perhaps have long gone unnoticed to the watch-loving globe, and also at how that news may well effect the enjoy marketplace. 1 these kinds of occasion is the obtain by independent, family owned Patek Philippe – a legend in the look at environment – of a stake in Swiss jewellery and gem-placing enterprise Salanitro SA.

Founded in 1990 by Pierre Salanitro – who stays the brand’s president and CEO – the business commenced as a jewellery household and immediately grew to become a person of the additional essential Geneva-primarily based gem-location homes for haute horology. Salanitro is a grasp when it comes to gem location and today employs more than 230 artisans and back again up personnel. From inventive designs to prototyping, production of cases and bracelets for the look at earth, Salanitro is, very first and foremost, an professional in placing diamonds and important stones.

Having said that, Pierre Salanitro’s a few children have reported they are not intrigued in jogging the family members business. This induced a collective watch-sector gasp. Salanitro is identified for its ground breaking configurations and its regard for the craft of gem environment and jewellery producing. Currently, far more than 80 prestigious Swiss makes flip to Salanitro for gem placing.

The determination by Patek Philippe to spend in a stake in money of Salanitro was predominantly about guaranteeing that the brand name, and the consumers it expert services, carries on for the extended time period.

According to Thierry Stern, CEO of Patek Philippe, “We believe that that this is a wonderful chance to add to securing the long run as well as the continuity of a Geneva-dependent family company to which we are close, and with which we share the same values of excellence, independence and family spirit. We are delighted to further more improve our ties with Pierre Salanitro. His properly-run enterprise is preferably positioned to continue on to mature and produce its generation capability in the jewellery watch phase, which provides major probable for growth.”

Both equally Patek Philippe and Salanitro are loved ones owned, and the two share very similar values when it will come to excellent, technological improvements, primary craftsmanship and safeguarding the long run. The two also attempt to decrease their carbon footprints and to offer you transparency. In simple fact, just four many years back in 2019, Salanitro SA was licensed by both of those the Responsible Jewelry Council (RJC) with two intercontinental certifications: “Chain of Custody” and “Code of Apply.”

The financial investment by Patek Philippe into a stake in Salanitro makes certain look at brands won’t have to scramble to discover alternate corporations for their important substantial jeweled watches.