Jewellery brand Faberge sold to tech investor for $50m

Faberge is most famous for its extravagant eggs first made by jeweller Peter Carl Faberge as Easter gifts for Russian tsars. Photo: Getty

Luxury jewellery brand Faberge, well known for its jewelled Russian eggs, has been bought by a US tech investor for $50m (€43m).

London-listed gemstone specialist Gemfields revealed yesterday it sold the Faberge business to SMG Capital, the firm run by investor Sergei Mosunov.

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