Richemont Acquires Jewelry and Watch Company VVSA

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.