Historical brands

Fabergé, a tortuous history of czar eggs, perfumes and household cleaning products

The fashion house, which has just been sold for $50 million to a US fund, has experienced glories and tragedies, changing hands and even ending up appearing on detergents

by Chiara Beghelli

5' min read

5' min read

Imagine household cleaning products signed Cartier or an aloe vera shampoo with the Boucheron logo. What might be a dream for some would certainly be a nightmare for the maisons, which would see their heritage and history associated with categories that are not exactly exclusive. Yet, this is exactly what happened in the second half of the last century to Fabergé, the jewellery brand famous for the precious eggs loved by the tsars, and which was recently sold for $50 million by the last of its many owners, the mining company Gemfields, to a US venture capital fund , just the latest episode in its long, mostly glorious, at times sad and in some ways bizarre history.

Londra, al Victoria and Albert Museum la mostra dei Faberge'

Not all the great jewellery houses have had a linear and coherent history: Cartier, Bulgari, Damiani, but also Chaumet and Van Cleef & Arpels have often remained in the hands of the founding family for a long time - some still are, as in the case of the maison of Valencia - and then passed on to the large luxury groups such as Lvmh, Richemont (which with jewellery and watches has built the beating heart of its portfolio) and to a lesser extent Kering.

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Fabergé's story is different, especially because at the height of its international success, when even the royal and imperial families of Europe were vying for its creations, it was interrupted and in some ways devastated by the Bolshevik Revolution of 1917, which confiscated its assets and activities. Thus ended a glorious parabola that had brought glory to Peter Carl Fabergé, son of the founder Gustav, himself a descendant of the goldsmith Pierre, who had moved from Germany to the Baltic province of Livonia, at the time part of the Russian empire, and then opened his own boutique in 1842 at 12 Bolshaya Morskaya in opulent St Petersburg. You could say that the Fabergés had travel, displacement, in their DNA, ever since the original Huguenot family was forced to leave France at the end of the 17th century after the revocation of the Edict of Nantes by which Henry IV had granted freedom of worship to Protestants.

Peter Carl Fabergé, che guidò la maison negli anni del suo massimo fulgore

In St. Petersburg, between 1882 when Carl Fabergé took over his father's business and 1917, it is estimated that the maison produced at least 200,000 gold and jewellery creations. With 500 employees and shops in Moscow, Odessa, Kiev and London, it was among the largest Russian companies. Let's go back to the Revolution: by a mocking fate, just as it happened to his ancestors, and after seeing the management of his company pass to a committee of employees, Carl Fabergé finally had to hand over ownership to the state and flee to Europe, where he died in Lausanne in 1924. Two of his sons, who managed to escape from Russia, re-founded the company in Paris with Fabergé & Cie, which traded and restored objects made by Fabergé, marking them with the Fabergé Paris hallmark so as not to confuse them with those still being made in Russia.

It is out of this confusion that by very circuitous routes another branch, and the most bizarre chapter, of Fabergé is generated. In the 1920s an American oil tycoon, Armand Hammer, bought many Fabergé objects in Russia, including some of the famous imperial eggs. In 1937 a friend of his, Samuel Rubin, who owned the Spanish Trading Company, a cosmetics import company in Spain, was forced to close its doors by the Civil War. It was Hammer who then suggested that he found a new cosmetics brand: why not call it Fabergé? Of 'Fabergé Inc', the name of the new company, the Fabergé expatriates knew nothing until the end of the Second World War, by which time the brand had had time to consolidate and expand. With a legal settlement that brought them a refund of around 300,000 today, they gave Rubin permission to use their surname only to associate it with a rather luxurious perfume line.

Una pubblicità degli shampoo Fabergé Organics degli anni Settanta

But that was not the end of it: after other disposals, and over a twenty-year period in which even Cary Grant and Roger Moore joined the company's board, and Fabergé also became a film production company under the name of 'Brut Productions', after the most famous perfume (which also financed the Oscar-winning film 'A Touch of Class' in 1973), in 1987 Fabergé Inc. was sold for $700 million to Elizabeth Arden; in turn, two years later the company was bought with all its assets by Lever Brothers (the future Unilever) for $1.55 billion, who also began using the brand name for household cleaning products. As stated on Fabergé's website today, at that time the brand appeared on a 'range of household cleaning products for use in bathrooms, clogged drains, kitchen and bathroom cleaning and washing machines'.

The lowest point in this glorious history had been reached. And from there, Fabergé could only rise again. The year 2007 opened with the news that the mining company Pallinghurst Resources was buying the entire branched Fabergé licence portfolio from Unilever, for around $140 million. Thus was born the company Fabergé Limited, registered in the Cayman Islands, which also rebuilt relations with Carl Fabergé's great-granddaughters Tatiana and Sarah, who were appointed heads of the new Fabergé Heritage Council, and wanted to bring the brand back to where it was born.

It began by associating it with ethically mined gems from the Pallinghurst mines and continued with the launch of the first high jewellery line in 2009, after almost a century since the last one, and reopening shops in major cities around the world. Then, in 2013, another mining company that wanted to focus on ethical gems, the British Gemfields, took over Fabergé, convincingly relaunching its jewellery production. Back in time came the famous eggs, no longer designed for tsars but for today's stars: the one dedicated to Goldfinger, the one designed for Beetlejuice designed together with the film's director, Tim Burton, with prices on request, while the more 'affordable' ones start at 57,000 euros.

L’uovo realizzato per i 60 anni del film “Goldfinger”

Last 12 August, however, Fabergé's long and winding journey, which seemed to have finally found tranquillity, was restarted when Gemfields sold its asset to venture capital fund SMG Capital for USD 50 million to finance its core business and expansion in Africa. Leading the fund is entrepreneur Sergei Mosunov, a tech enthusiast. Of Russian origin, just like Fabergé, he is waiting to see where the story will take it this time.

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