 Garrard merged with the jewellery firm Asprey in 1998 to become Asprey & Garrard, moving from 112 Regent Street to premises on New Bond Street.The company demerged in 2002, with Garrard returning to the Albemarle Street site it first occupied in 1911.Garrard was acquired by the US private equity firm Yucaipa Companies in 2006, ending its partnership with Asprey.