Revived Faberge to Create New Egg

LONDON — A revived Faberge luxury goods group plans to resurrect its founder's work next year with the first jewel-encrusted egg since 1917.

A group of investors bought rights to Faberge last year, which had been used to market cosmetics, like Brut men's fragrance, and have been working to restore the firm to its origins with the support of the Russian founder's relatives.

"Faberge will announce their first new collection, the first authentic, family-blessed collection since 1917, in the course of next year," said Sean Gilbertson, a partner in the Pallinghurst fund which bought Faberge for an undisclosed sum.

The original company was founded in 1842 by Russian jeweler Gustav Faberge, who gained fame for designing elaborate, bejeweled eggs for the tsars.

The last Faberge egg completed before the revolution was a military egg made of steel, since gems and precious metals were scarce, Gilbertson said.

Tatiana and Sarah Faberge, among the descendants of Gustav Faberge, agreed to sit on a council to restore the exclusive nature of the company.

The new Faberge will at least initially stick to the founders' products — objects of art, fine jewelry and items such as ashtrays and pillboxes.

"It's very much sticking to what Faberge was originally all about. For the foreseeable future, there's no clothing or anything along those lines," Gilbertson said.