Silvia Damiani, Vice President Damiani Group, Has Just Issued the Following Statement for Immediate Release:

BEVERLY HILLS, Calif., Feb. 26 /PRNewswire/ -- "We have received a tremendous amount of questions and many kind concerns regarding the theft that occurred in our Milan showroom this past Sunday. We are very appreciative of all of the concerns we have received from many parts of the world. My brothers Guido and Giorgio and I thank you. The amount of Jewelry taken from our Milan Showroom on Sunday is still being determined. We have very excellent insurance companies that we work with and we are fully covered by our insurance partners which are Lloyds of London and Group Allianz. We were hosting a reception in our Milan Showroom and we had VIP guests visiting. Of course our main concern was both for our employees and guests' safety. No one was injured or hurt and we are most grateful. My Brother Giorgio and I were in Los Angeles with many of the Damiani Masterpiece collections for the Oscars and are happy that these one-of-a-kind pieces were with us and are not in the robbers' hands. We are especially happy that Tilda chose to wear our Sahara cuff and it was with us on this trip as it is a signature piece from the Masterpiece collection. It was truly an honor to have Tilda Swinton wear our cuff for her Oscar win! We again thank you for your most kind concerns."

About Damiani S.p.A.

Damiani, founded in 1924, is known as the jeweler to the stars. The Company is run by Guido, Giorgio and Silvia Damiani, the third generation of the family. They have won 18 Diamonds International Award with the Damiani brand and 4 times with the Calderoni, an historical Italian brand the Company has recently acquired. Damiani S.p.A. is the parent company of the Damiani Group, the leading Italian producer and distributor of top-quality designer jewelry, operating in the jewelry sector through prestigious brands, such as Damiani, Salvini, Alfieri & St. John and Bliss, as well as the recently acquired Calderoni brand. Master craftsmen ever since 1924, the Damiani Group boasts a long-standing tradition in the art of goldsmithery which has always interpreted with an innovative spirit. It holds the unbeaten record of a good 22 Diamond International Awards (18 for Damiani and 4 for Calderoni). Every jewel created by Damiani is handmade according to the finest craft tradition and the elegance of Italian style. With approximately 500 employees, the Damiani group operates both in Italy and abroad through distribution companies that fully cover the European, American and Asian markets. These include in particular: Damiani International BV (based in Amsterdam), Damiani USA Corp. (based in New York) and Damiani Japan K.K. (based in Tokyo). The Group also has 55 own-brand stores located in the main fashion streets in Italy and throughout the world.

Mary Hall Ross
The Ross Group
mary@thereelrossgroup.com
323-935-7600/323-935-7603 F

Wendell Figueroa Ruiz
Damiani USA -Director of Communications
rex@damianiusa.com
646-420-2517


First Call Analyst:
FCMN Contact:


Source: Damiani USA

CONTACT: Mary Hall Ross of The Ross Group, +1-323-935-7600, fax,
+1-323-935-7603, mary@thereelrossgroup.com, for Damiani USA; or Wendell
Figueroa Ruiz, Director of Communications of Damiani USA, +1-646-420-2517,
rex@damianiusa.com


2008-02-26 20:31:19 0298982 PRNEWSWIRE

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