The New Land of diamond
After the agreement between The Swatch Group Ltd and Tiffany & Co made, The Swatch Group Ltd has signed a declaration of intent with the City of Biel in Switzerland, accElsa Peretti Sevillana drop earringsording to which the Group will acquire the land and building at Seevorstadt 75 in order to build a new Tiffany & Co. Center. The price for the plot of land, which covers an area of 3400 sq.m., along with the building, is CHF 2.7 million.
The CentrePasquArt Foundation, which previously owned the site along with the building right, expressed its satisfaction that the building will remain in use. The City of Biel,Elsa Peretti Sevillana earrings which is the new owner based on the reorganization of the ownership situation regarding the different plots of land occupied by the CentrePasquArt Foundation, welcomed the Swatch Groups initiative.
City President Hans Stockli noted: "With Tiffany & Co., the presence of the premier league of the global watch industry in Biel will be further strengthened. The fact that this is taking place at the heart of the Biel Museum mile greatly enhances the attraction of our inner city and creates a link between art and the econElsa Peretti Open Heart drop earringsomy at the highest level.
Both The Swatch Group and Tiffany & Co. believe that the cooperation between them will be win-win program.