Gemifields sells Fabergé Eggs Maker for $ 50 million, Etbrandequity

Gemifields Group said Monday that he had sold Faberge Ltd, the manufacturer of Faberge jewel eggs, at SMG Capital for $ 50 million, while the colored miners of Gestones increases the efforts to simplify his business.The sale concludes a revision of the company started by Gemfields at the end of last year. The group had purchased the jeweler in 2012 to increase his gem activity and use the brand to promote his jewels.

Faberge, which also produces luxury jewels, watches and commissioned pieces, was founded by Gustav Faberge in 1842 and is known above all for the success of the 50 Ingiete eggs commissioned by the Russian imperial family from 1885 to 1916.

The Russian revolution brought a violent end to Faberge’s house, when the Bolsheviks seized the seminars and closed all the production and the family fled. He was relaunched in 2009 with his first collection since 1917. Gemifields on Monday said he would use the proceeds of the capital agreement in his mining operations in Mozambique and Zambia.

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