Faberge Closes its Workshop in 2009

Faberge– a name that is recognized with historical changes as well as beautiful artistic enameled eggs for the Russian royalty will transform in 2009 once again.

In 1870 Carl Faberge incorporated works from famous goldsmiths, jewelers and enamellers from around the world employing many work-masters in his factory located in St. Petersburg.  This was all brought to an end by the Bolshevik Revolution in 1917.

The Faberge family eventually moved to Lausanne, Switzerland where Carl Faberge passed away in 1920.  His two sons Eugene & Alexander opened a shop in Paris where they ran a successful business under the name Faberge et Cie.

In 1951 the Faberge family sold their family name to an American corporation who then marketed various cosmetics under the name of Faberge.

Faberge again was purchased in 1989 and from the work master Victor Mayer located in Pforzheim, Germany the archives were brought back to life and the beautiful enameling and jewelry became available to us as the Faberge was once known for.  Victor Mayer established in 1842 is the only workshop who has the ability and talent to produce the beloved translucent enameling; some of which are in museums today and are collected world wide. Deleuse Jewelers is one of the forty five stores in North America that offered this archival collection of Faberge jewelry and Objects d’ Art, each one limited in production. Now this production of Faberge enameling has come to an end.

In June of 2008, the famous house of Faberge, noted for its enamel jewelry and objects d’art, was acquired by Pallinghurst Resources.  Gemfields, a subsidiary of Pallinghurst resources, will begin to use the renowned Faberge name as a way to brand and market their gemstones.  This buyout will mark the end of the one hundred and fifty year tradition of Faberge enamel pieces.

Gemfields intends that the Faberge name be reserved for their mined gemstones.  Each gemstone will be engraved with the Faberge name from their cutting and polishing facility in Jaipur India.  The gemstones will then be set in jewelry and sold in retail stores owned by the Pallinghurst, Gemfields portfolio company Rox limited as Faberge Ltd.

They are also planning to add Faberge branded eye-wear, handbags and watches at a later date.

Janet Deleuse,   02/07/2009

UPDATED information 11/20/2013   about Gemfields,  purchaser of Faberge Ltd.  from Business Newsweek

Gemfields Plc (GEM), the colored-gemstone miner that bought Faberge Ltd. this year, wants to supply a fifth of global demand for rubies from what could be the world’s biggest deposit in Mozambique.

The Montepuez project is estimated to contain as much as 40 percent of the world’s known supply of the red-colored stones, Gemfields Chief Executive Officer Ian Harebottle said yesterday in an interview in Lusaka, the capital of neighboring Zambia.

Operations at the deposit in the far north of Mozambique haven’t been affected by fighting in central Sofala province between government forces and the opposition group known as Renamo, according to Harebottle. Gemfields plans to more than double output at Montepuez by July as increasing demand from China makes a high-end ruby more valuable than a high-quality diamond of the same weight, he said.

“That’s because red is the color of prosperity, health and wealth in China so there’s a natural big demand for rubies,” said Harebottle, adding that the London-based company is happy mining in Mozambique. “There’s a lot more countries where there is a much bigger risk.”

Gemfields, owner of 75 percent the world’s biggest emerald mine in Zambia, plans to boost monthly production at Montepuez to 2.5 million carats by July, from about 1 million carats during the current trial phase, he said. One carat is equal to 0.2 grams.

To contact the reporter on this story: Matthew Hill in Lusaka at mhill58@bloomberg.net

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