ADAM'S Fine Jewellery & Ladies Watches 2nd December 2025

TUESDAY 2 ND DECEMBER 2025 . STARTING AT 4PM 76 69 MICHELETTO: A CULTURED PEARL, AGATE AND DIAMOND SAUTOIR NECKLACE, CIRCA 1970 Designed as eight intersections of cultured pearl tassels with dome-shaped terminals, applied with a scrolled finish and set with brilliant-cut diamonds, between oval-shaped carved agate beads and cable connectors, suspending an openwork drop-shaped carved banded agate, accent - ed with brilliant and rectangular-shaped diamonds and with similarly-cut diamond loop surmount, to a pierced tonneau-shaped clasp with further brilliant-cut diamonds, mounted in 18K gold, Italian registry mark for Micheletto, length 92cm, pendant length (including loop) 6.7cm € 14,000 - 18,000 Founded in Milan at the turn of the twentieth century, Micheletto is among Italy’s oldest jewellery manufac - tures still in operation, and the city’s very first manufactur - ing company registered with the historic maker’s mark 10 MI, granted to them in 1920. Its origins trace back to the late nineteenth century, when the Locatelli and Canevari families established a distin- guished goldsmith workshop. The firm later entered a new chapter when Emilio Micheletto, who had married Enrico Locatelli’s daughter, acquired the business and trans - formed it into a flourishing maison. Under his leadership, the company expanded rapidly, employing over a hundred craftsmen and collaborating with prestigious houses such as Van Cleef & Arpels. 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, unit - ing craftsmanship and innovation. In the 1970s and ’80s, under Olivo Micheletto, the extrusion-tube process was in- vented, a technical advancement that revolutionised gold - smithing and fuelled the house’s expansion into the Amer - ican market. During these years, Micheletto jewels graced figures such as Elizabeth Taylor, Joan Collins and Princess Diana, embodying an understated glamour rooted in ex - cellence rather than ostentation. Today, under the direction of Roberta Micheletto, the third generation, the maison continues to craft each jewel by hand in its Milan atelier. It is now located on Via Curatone 13 in Milan, not far from the original location of the very first workshop where the Micheletto story began.