An item from the new jewellery collection by Faberge. (Photo: Clara Molden)
Fabergé opening first store in London for nearly 100 years
Up-market jewellery firm Fabergé is opening its first shop in London for nearly 100 years, with the cheapest item on sale being a $6,500 pair of earrings.
November 23, 2011
Up-market jewellery firm Fabergé is opening its first shop in London for nearly 100 years, with the cheapest item on sale being a $6,500 pair of earrings.
The most expensive item on sale is a yellow diamond ring priced at almost $2.8 million.
The opening of the store follows luxury goods brands, such as Burberry, Mulberry and Gucci reporting rises in sales at their London outlets, reported The Daily Telegraph.
The boutique, which opened today, is the first time the Fabergé name has been seen in Britain since 1915. The jeweller to the Russian Imperial court was, in effect, nationalised and shut down following the Bolshevik Revolution and the family lost the rights to the name.
The Fabergé name is owned by South African investment company Pallinghurst Resources and was relaunched as a jeweller in 2007, with the new management hiring two of Carl Peter Fabergé's great-granddaughters as directors. London is its second shop, following one opened in Geneva two years ago.
Fabergé is known for its Imperial Easter eggs, of which 50 were made, one of which was recently sold at auction by Christie's for $19.5 million. It has not made a new one since the Bolshevik Revolution, but a spokesman said its London store could, at some stage, start selling them.
