An essential in Italian homes worldwide for decades, the stove-top coffee maker was patented by Alfonso Bialetti in 1933.

Those who use the moka swear by its ability to produce a strong and delicious coffee.

The sound of the brew bubbling up is the sound of the day awakening.

But the end of the moka pot may be near.

Bialetti is allegedly negotiating a $39,824,750 million loan from an American hedge fund, in an attempt to tackle its massive debt, which stands at $77,3165,680.

The reason for its losses is allegedly the fierce competition from hi-tech coffee pod machines, such as Nespresso, within a struggling Italian economy.

Sales of ground coffee are declining while capsule sales increase.

It’s a shame in a country with a food and drink history as strong as Italy’s.

The Belpaese also recently and controversially welcomed its first branch of Starbucks in Milan’s Piazza Cordusio.