Finance
Gemfields sells Fabergé eggs maker for $50 million
Published by Global Banking & Finance Review®
Posted on August 11, 2025
1 min readLast updated: January 22, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on August 11, 2025
1 min readLast updated: January 22, 2026
Gemfields sold Fabergé Ltd to SMG Capital for $50 million to streamline its business, focusing on mining operations in Mozambique and Zambia.
(Reuters) -Gemfields Group said on Monday it had sold Fabergé Ltd, the maker of the jewelled Fabergé eggs, to SMG Capital for $50 million, as the coloured gemstones miner ramps up efforts to streamline its business.
The sale concludes a review of the business started by Gemfields late last year. The group had bought the jeweller in 2012 to boost its gems business and use the brand name to promote its jewellery.
Fabergé, which also makes luxury jewellery, watches and commissioned pieces, was founded by Gustav Fabergé in 1842, and is best known for the success of the 50 jewelled eggs commissioned by the Imperial Russian family from 1885 through to 1916.
The Russian Revolution brought a violent end to the House of Fabergé, when the Bolsheviks seized workshops and closed down all production and the family fled. It was relaunched in 2009 with its first collection since 1917.
Gemfields on Monday said it would use proceeds from the deal for capital at its mining operations in Mozambique and Zambia.
(Reporting by Pushkala Aripaka in Bengaluru; Editing by Janane Venkatraman and Rashmi Aich)
Fabergé Ltd was sold to SMG Capital for $50 million.
Gemfields plans to use the proceeds for capital at its mining operations in Mozambique and Zambia.
Gemfields acquired Fabergé in 2012 to enhance its gems business and promote its jewellery.
Fabergé is best known for the 50 jewelled eggs commissioned by the Imperial family.
The Russian Revolution led to the closure of Fabergé's workshops and the family's exile.
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