Cash-rich investors from emerging markets could follow U.S. billionaire Warren Buffett in buying top quality but crisis-hit Italian jewellers, attracted by good bargains and the export appeal of "Made in Italy" brands. Expectations for a shopping spree have increased after U.S. jewellery maker and distributor Richline Group, a unit of Buffett's Berkshire Hathaway (BRKa.N), said in January it planned to buy Italian gold jeweller Rosato to expand in Europe. India's biggest jewellery retailer, Gitanjali Gems Ltd (GTGM.BO), owns two Italian jewellers and is buying diamond specialist Stefan Hafner, IO Si, Porrati and Nouvelle Bague. "I expect that emerging markets investors buying luxury goods brands in Europe will be a continuing trend," Bernstein analyst Luca Solca said.
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