Watches of Switzerland will have exclusive distribution rights and ownership of the Roberto Coin brand for the U.S., Canada, Central America and the Caribbean.

When Rolex announced its intention to buy Bucherer last year, there was an initial panic from legions of authorized dealers around the world that they would suffer if the watchmaker favored its newly acquired retail arm with bigger and better allocations.

Watches of Switzerland Group has acquired Italian jewellery firm Roberto Coin for $130million, or around £104million. Watches of Switzerland told investors on Thursday that $10million of the purchase price was going to be deferred for one year and 'contingent on the future profitability of the acquired business'.

The Watches of Switzerland Group has bought the American distributor for Roberto Coin in a cash deal valued at $130 million. The North American operation, Roberto Coin Inc., has exclusive perpetual rights to import and distribute Roberto Coin jewellery throughout the US,

Luxury watch retailer Watches of Switzerland has bought the Italian jewellery brand Roberto Coin for $130m (£104m).