Patek Philippe Buys a Stake in Its Swiss Gem-setting Partner

Patek Philippe has potentially boosted its production capability for gem-set watches by acquiring a stake in jewellery design and gem-setting firm, Salanitro SA.The Genevan firm, which employs more than 230 people, was founded in 1990 and specialises in jewellery creation, stone-setting in the Haute Horlogerie sector as well as case and bracelet making and already works with more than 80 of "the most prestigious brands," presumably including Patek Philippe.The standard of its work is illustrated...