Pomellato is acquiring a minority stake in Costanzo & Rizzetto, a Valenza, Italy-based goldsmith company.
Costanzo and Rizzetto’s parents were the owners of two companies that produced and set precious jewelry pieces in the ’70s in Valenza, a key jewelry manufacturing hub inIn 1994, Davide Costanzo married Elena Rizzetto, who is Gregorio’s sister and in 2008, Davide and Gregorio decided to set up a business venture called Costanzo e Rizzetto srl, combining craftsmanship and technological innovation. The company has been working with some of the most prestigious international jewelry houses.
Within its workshop, artisans cast and manufacture gold pieces — using 18-karat, 14k and 9k gold in any color — and items in silver, platinum and palladium. Costanzo & Rizzetto has a special competence in creating enamel work, applying geometrical or pictorial motifs.In 2018, Pomellato unveiled itswhereby the company supported the school financially, all the while providing experts to teach at the school, structuring seminars and offering apprenticeships to students.
The high-education programs aimed at training the next generation of goldsmiths — spanning three to seven years — secured the support of the Lombardy region and recognizes the students with a certificate as Specialized Craftsmanship Technicians for Manufactured Goldsmith Goods. The latter is recognized not only in Italy but also throughout Europe.
Italy has seen a wave of merger and acquisition activity of late, as luxury brands are aiming to protect the country’s manufacturing pipeline and ensure business continuity. Most recently, wool mill Gruppo Piacenza SpA bought the storied Lanificio Fratelli Cerruti, which marked its 140th anniversary last year.
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