For the second consecutive year, Italian high jewelry brand, Buccellati, is the official jewelry partner of Goodwood Racecourse during the Qatar Goodwood Festival. The horseracing festival, which opened Tuesday, runs till August 3 on the expansive estate grounds of the Goodwood House in West Sussex, England.

In addition, Buccellati is the title race partner of “The Buccellati Handicap Stakes” on August 1. The Italian brand will present a bespoke silver trophy designed by Andrea Buccellati, the luxury brand’s creative director, to the owner of the winning racehorse. Silver creations from the Buccellati Opera Collection will be awarded to the winning trainer and jockey, and the traditional photo frame will be presented to the groom of the winning horse. Luca Buccellati and Lord Bruce Dundas, Buccellati London’s managing director, will host guests over three days inside the Buccellati box. The space will house Buccellati’s jewelry and silverware creations in the “jewelry box” designed space. The trophy will be unveiled Wednesday and will be included as part of the overall display.

Buccellati jewels are known for their design and for the hand-crafted techniques used to create them, such as the Rigato hand-engraving method, the Tulle (honeycombing) openwork style and the Lace piercing technique, inspired by fabric embroidery. Many of these techniques date back to the ancient goldsmithing traditions of the Italian “bottega” during the Renaissance period. The shapes of the collections are inspired by the historical archive drawings and by the very first creations of the company’s founder, Mario Buccellati.

The luxury brand also is sponsoring Eleanor Franchitti and her, “Timeless Beauty” horse in “The Magnolia Cup,” a women-only charity race featuring influential and inspirational novice female jockeys from all walks of life. All proceeds of the race support My Sisters’ House, a women’s center founded in 2014 supporting any self-identifying woman to improve their welfare and wellbeing, reducing their risk of domestic abuse and supporting recovery. Franchitti is global head of Business Development at Caxton Associates, a global trading and investment firm.

“The alignment between Buccellati and Goodwood is a natural partnership,” Buccellati officials said in a statement. “The history of racing at Goodwood echoes Buccellati’s heritage which safeguards over a century of design, while Goodwood preserves a similarly historical longevity. A combined ethos of inspiration provided from the rich archives of both families, both Buccellati and Goodwood’s authentic instinct of remaining true to their origins connects them at the core.”

The Duke of Richmond, Charles Gordon-Lennox, who owns the Goodwood House, also comment on the history of the two very different organizations.

“Buccellati, since it was founded in 1919, has remained true to its origins in creating high quality and creative handmade jewelry,” Gordon-Lennox said in a statement. “We are delighted to welcome them as the official jewelry partner of Goodwood Racecourse.”

The Qatar Goodwood Festival is one of the highlights of the British flat racing season. The five-day festival is a sporting and social occasion, attracting many of the world’s elite racehorses who compete for millions in prize money. Off the track, the event is known for its style, entertainment and hospitality experiences that complement the racing action.

Goodwood House is a 12,000-acre estate south of London. It was acquired by Charles Lennox, the 1st Duke of Richmond and remains under Lennox family ownership. It is known for its flagship events, particularly the annual Goodwood Festival of Speed, a motorsports festival featuring modern and historic motor racing vehicles taking part in a hill climb.