Bruno Giacosa, who passed away last January, was known for the extraordinary elegance of his Barolos and Barbarescos. This last 'red label' riserva is probably the most consistent 2012 in Barolo, and the Falletto cru is one of the highest sites in Serralunga, preserving grace in a dry vintage such as this. The nearby Francia cru, by contrast, suffered more. Indeed, beneath fine pomegranate fruit and black olive depth, there are finely textured tannins of an extreme precision, and it shows an overall magnificent balance in an almost Burgundian style of Nebbiolo.

Piercing scents of truffle, rose water, macerated cherry and medicinal herbs are the hallmarks of this elegant red. Less evolved and harmonious on the palate, with a core of sweet fruit and tightly wound, dense tannins. Stays fresh and long on the extended finish. Best from 2022 through 2043. From Italy. — B.S.

The 2012 Barolo Riserva Falletto Vigna Le Rocche (red label) was bottled last September and has already eased into a comfortable and promising stage in its very early evolution. Bruna Giacosa tells me that this wine will be made in 2014 and 2016, so future supplies are plentiful. The jury is out on whether the wine will be produced in 2015, but Bruna tells me it is unlikely (albeit by no means confirmed at this point). Fruit selection was extreme in 2012. This is a warm vintage expression, and the wine is beautifully rich and velvety as a result. That textural richness is what stands out most. The primary fruit is bold and very well defined. There is a point of dark cherry ripeness, but it adds to the generous fiber and softness of the mouthfeel. Of the many beautiful vintages I have tasted of this wine, I suspect the 2012 might be faster in its evolution. - Monica Larner