121 - MICHELETTO: A GEM-SET GOLD NECKLACE, CIRCA 1990 The frontispiece composed of a series of circular-cut tourmalines, peridots, amethysts, aquamarines and citrines within collet-setting, alternating with reeded links, the front suspending a fringe of ten similar oval-shaped stone drops, mounted in 18K gold, Italian registry mark for Micheletto, length 46cm

MICHELETTO: A GEM-SET GOLD NECKLACE, CIRCA 1990 The frontispiece composed of a series of circular-cut tourmalines, peridots, amethysts, aquamarines and citrines within collet-setting, alternating with reeded links, the front suspending a fringe of ten similar oval-shaped stone drops, mounted in 18K gold, Italian registry mark for Micheletto, length 46cm Condition Report: Tourmalines: of pink and green hues, medium to medium-dark, good transparency Peridots: of yellowish-green hue, medium tone, good transparency Amethysts: of purple hue, medium tone, good transparency Aquamarines: of blue hue, light tone, good transparency Citrines: of yellow hue, medium tone, good transparency Stamped 750 for 18K gold Clasp closes securely Minor signs of wear, overall in good condition Total gross weight approx. 64.3g Founded in Milan at the turn of the twentieth century, Micheletto is among Italy’s oldest jewellery manufacturers still active today, and the city’s very first manufacturing company registered with the historic maker’s mark 10 MI, granted to it in 1920. Its origins trace back to the late nineteenth century, when the Locatelli and Canevari families established a distinguished goldsmith workshop. he firm later entered a new chapter when Emilio Micheletto, who had married Enrico Locatelli’s daughter, acquired the business and transformed it into a flourishing maison. Under his leadership, the company expanded rapidly, employing over a hundred craftsmen. Over the course of its history, Micheletto also produced jewellery for prestigious houses including Van Cleef & Arpels and Tiffany & Co. Combining Milanese dynamism with artisanal rigour, Micheletto soon became known for jewels of impeccable hand-finishing, distinguished by clean lines and a refined sense of proportion. In the post-war decades, the firm continued to evolve, uniting craftsmanship and innovation, culminating in the 1970s and ’80s under Olivo Micheletto with the invention of the extrusion-tube process, a technical advancement that revolutionised goldsmithing and fuelled the house’s expansion into the American market. During these years, Micheletto jewels graced figures such as Elizabeth Taylor, Joan Collins and Princess Diana, embodying an understated glamour and excellence. Today, under the direction of Roberta Micheletto, the third generation, the maison continues to craft each jewel by hand in its Milan atelier, now located on Via Curatone 13 in Milan, not far from the original location of the very first workshop where the Micheletto story began.