Gemfields takes over Fabergé

Fabergé, the luxury jeweller famed for its encrusted eggs, is being taken over by London-listed miner Gemfields in a deal that values it at $142m (£89m).

Ian Harebottle, chief executive of Gemfields, said: This is a deal which will turn us into the leading coloured gemstones company in the world. By putting together our output of the highest-quality ethical gemstones with the Fabergé heritage and design skills, we can carve out a much larger and grander market space — via redwolf.newsvine.com