Pomellato has bought Italian diamond- and gemstone-setting company Valenza Setting Lab (VSL) in an effort to broaden its reach and ability. 

The new purchase will reinforce the Kering-owned jeweler’s manufacturing capabilities, specifically in the diamond- and precious stone-setting sector, it said last week. It will also complement the company’s goldsmithing expertise. 

Valenza’s business, which was founded by Marcello Monti and Gilberto Dentelli, will help Pomellato expand its company internationally. The recently established setting lab’s 24 workers were previously employed at jewelry manufacturer MG Incassatura, a long-term partner of Pomellato. 

The move follows Pomellato’s 2022 acquisition of a minority stake in Valenza-based Italian goldsmith company Costanzo & Rizzetto. 

“This acquisition marks a significant step forward in Pomellato’s journey,” said Pomellato CEO Sabina Belli. “The expertise of the VSL team in high-level stone setting will be invaluable in supporting our growth, especially in the thriving diamond and precious-stone segment. We are excited about the opportunities that this new step in our development will provide.” 

Image: Stone setting and jewelry fabrication. (Pomellato)