news


De Grisogono

October 2000




De Grisogono transfers part of its capital to A & A Actienbank

De Grisogono has transferred 39,5% of its capital to A & A Actienbank, an independent financial group. The founder of De Grisogono, Fawaz Gruosi, announced the transferral end September, by way of which the brand's notoriety and growth are expected to be reinforced.
Founded in 1995, De Grisogono has launched the trend for black diamonds, enhancing the stones in its unique jewelry creations. Furthermore, a new watch collection entitled Instrumento No Uno was presented at the Basel exhibit and encoutered great success as 800 watches were ordered.
The brand foresees a turnover of 65 million Swiss Francs (watches and jewelry) for the current year, turnover which represents a 60% progression in comparison to the year 1999.