Editor’s Note
Orest Group has officially opened its new workshop in Saint-Dié-des-Vosges, marking a key step in its post-acquisition expansion under LVMH. With Tiffany & Co. set to occupy half the facility, the move signals growing production capacity and hiring momentum.
Jewelry manufacturer Orest Group has moved into its new workshop in Saint-Dié-des-Vosges. A few months after its acquisition by LVMH, Orest Group is expanding, notably by supplying luxury jewelry brand Tiffany & Co. Hiring is planned, and an expansion of the workshop is already on the agenda.
With the establishment of a new workshop in Saint-Dié-des-Vosges, French jewelry manufacturing leader Orest Group continues its expansion in collaboration with luxury jewelry brand Tiffany & Co. Both were acquired by the LVMH group, in April 2023 and 2021 respectively.
After closing the 2023 fiscal year with a turnover of €130 million, Orest Group (700 employees) reports a saturated order book for 2024.
Nearly 200 people are already working at the new site in the Vosges, where Orest Group moved in May 2023. The company has been present in Saint-Dié-des-Vosges since 2021, initially occupying a temporary site.
While 20% of the Saint-Dié site currently produces for Tiffany & Co.,
The workshop also produces for other luxury clients such as Richemont or Hermès.
Employees could be recruited in a few months directly after completing the CAP Jewellery program created by Orest Group and its partner Aurigane Créations, in collaboration with the National Education system. The first cohort was launched in October 2023 and takes place at the UIMM premises in Saint-Dié-des-Vosges.
The new building in Saint-Dié-des-Vosges is brand new, as is the equipment. Citing “optimized workflows” and a “natural environment,” Denis de Becker also mentions “working conditions that are significantly better than at our Alsatian site, which is relatively cramped.” The other Orest workshop is located in Erstein, Alsace (the company’s headquarters) and employs nearly 500 people.
At the Saint-Dié-des-Vosges site, about thirty fruit trees have been planted. Beehives and a vegetable garden are expected to be set up this summer.
Confident about its future, Orest Group announces a regular turnover growth of just over 15% per year. While the site currently operates in complementarity with the Orest workshop in Erstein, it should gain autonomy in the coming months.
An investment of around €600,000 in the Saint-Dié-des-Vosges workshop building. The site, spanning 2,500 m², had already required €7.50 million in investments, including €5 million for the building and €2.50 million for production tools. Inside the building, a room is already planned to house the foundry.
For now, the Saint-Dié-des-Vosges site has not reached its full capacity.
Furthermore, Orest Group, which currently produces fine jewelry, is open to diversifying its activity.
