As part of the Gemfields trading update, luxury jeweller Faberge announced that it experienced a huge jump in sales for the third quarter compared to the same period in 2013. The new numbers can be attributed to an increasing demand of high-end luxury jewellery items by the world’s upper class.
The item highest in demand is a stunning multi-coloured ring costing over $40,000 and featuring 300 emeralds, sapphires, rubies and diamonds.
Owner of the largest emerald mine in the world located in Zambia, Gemfields purchased Faberge in 2013 for over $150M. CJ
Author: Canadian Jeweller Magazine Staff
Canadian Jeweller Magazine Staff is the shared byline for reporting filed by the magazine's editorial desk. Founded in 1879, Canadian Jeweller is the longest running jewellery business publication in Canada, covering market reporting, retail strategy, watches, diamonds, coloured gemstones and the commerce of the Canadian jewellery trade. Work published under this byline is edited and verified by the Canadian Jeweller editorial team in Toronto.
