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The Guardian - UK

Business

Lauren Almeida

Luxury jeweller Fabergé sold to tech investor in $50m deal

Peter Carl Fabergé Gemfields Luxury Imperial

A dragonfly piece of jewellery. — Fabergé jewellery. Photograph: Rich Fury/Getty Images

Fabergé, the jeweller famed for its imperial Russian Easter eggs, has been sold to a technology investor in a $50m (£37m) deal.

Gemfields, which mines coloured gemstones in Africa, has agreed to sell Fabergé to SMG Capital, a US investment company controlled by the tech backer Sergei Mosunov.

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