Peggy Grosz, senior vice president and creative director of Assael Inc, has left the company following its recent sale to a group of industry individuals.

She announced she will be pursuing new design and product development challenges following a short hiatus.

Grosz joined Assael in 2017, reviving the 78-year-old legacy brand though innovative design, product development and leadership.

“It was an honour to modernise such an historic company and work with an unprecedented inventory of ultra-fine pearls and coral,” she said. “I was privileged to work alongside the late Christina Lang Assael with a wonderful staff and an incredible marketing team to build a brand that founder Salvador Assael would be very proud of. I am also grateful for the support of the finest retailers in the US and the partnerships that we built together.”

Further details on Assael’s new owners were not available at press time.