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Iconic Jewellery Brand Fabergé Sold For $50m: Gemfields Shifts Focus Back To Core Mining Operations

Gemfields, the mining group, has disclosed the sale of its entire ownership in the esteemed jewellery brand Fabergé. The purchaser, U.S.-based SMG Capital, procured the brand for a sum of US$50 million – a cost that many in the industry have described as…