News

Damiani acquires Rocca as part of expansion

Is looking at enhancing distribution network

diamond world news service

Damiani S.p.A. has purchased Rocca S.p.A. from the Damiani family. The deal worth EUR 7 million ($10.08 million.) will be completed with Damiani paying EUR 2.05 million in shares and EUR 4.5 million in cash.

At present, Rocca owns 22 stores under direct management, which deliver high-end watches and jewellery. Its revenues figures in 2007 were around EUR 39.2 million ($56.4 million,), and the company faced a net loss of nearly EUR 2 million ($2.87 million,).

Damiani is citing the acquisition as an opportunity to strengthen its retail business and is part of its corporate expansion strategy.


Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet

Arctic Blue Diamonds Secures Majority Stake in Canada's WO Diamond Project

PGI India’s 2025 Buyer-Seller Meet Fuels Platinum Growth Ahead of Festive Season

Gemfields Postpones Second Processing Plant Launch in Mozambique, Restarts Operations in Zambia

ALROSA Expands Diamond Output with Development of Karpinsky-2 Pipe in Russia’s Arkhangelsk Region

David Kellie to Step Down as Natural Diamond Council CEO After Pivotal Six-Year Tenure