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Diamonds & gemstones

Gemfields’ Fabergé revives royal egg tradition

Last made for Russian tsars, after almost a century Faberge eggs are making a comeback.

The luxury jeweller, owned by AIM-listed Gemfields (LON:GEM), has crafted its first Imperial Egg in 99 years.

The story began way back in 1895, when Tsar Alexander III decided to surprise his wife, Empress Maria Feodorovna, with a jewelled Easter egg.

Legendary jeweller Carl Fabergé made the object and the artist would go on to create 50 more for the royal family over the next three decades, although only 42 survived the Bolshevik Revolution.

Now, a new Pearl Egg has been made, containing 139 white pearls 3,305 diamonds, carved rock crystal and mother-of-pearl set on white and yellow gold.

Each pearl adorning the egg was hand-selected by jeweller Hussain Ibrahim Al-Fardan from his private collection. The Al-Fardan family of Qatar remains one of the oldest and most successful traditional pearl merchants in the Gulf.

The egg is accompanied by a Fabergé necklace of white pearls, diamonds and mother of pearl featuring a scallop motif, and finished with an 19.44 carat white pearl drop.

In 2007, a gold and pink Fabergé egg with a clock on its face fetched a record £9mln at Christies in London.

This new egg will go sale after being the star exhibit at a five day show Qatar, but if the estimated US$2mln price tag is no deterrent, you may already be too late.

Reports have suggested the egg has been snapped already by a member of a Middle Eastern royal family.