On Oct. 2, luxury giant Richemont acquired VVSA, a Swiss gold refiner, manufacturer of stamped exterior components for watches, and producer of semi-finished precious metal products.

According to a statement, the Delémont-based company is a “historical partner” of Richemont.

Its current directors—Damien Donzé, Alain Munier, and Béat Chételat—will still manage the company, which will continue to serve existing clients.

The transaction’s terms were not disclosed.

JCK