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$40+ million: Sky is the limit for Fabergé at auction

A Fabergé egg, carved from rock crystal more than 100 years ago, is expected to command a remarkable return when it heads to auction in December.

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The Winter Egg is studded with 1,660 diamonds and was a gift from Nicholas II, the last Emperor of Russia, to his mother, Dowager Empress Maria Feodorovna. The piece was crafted by Alma Theresia Pihl, one of only two female designers at Fabergé, and includes platinum, double-handled trelliswork basket set with carved quartz flowers and rose-cut diamonds

The Winter Egg will head to Christie’s auction house in London on 2 December and is expected to sell for more than £20 million ($AUD40.93 million). This piece has already set the world record for the sale of a Fabergé egg at auction on two occasions – returning $AUD13.95 million at Christie’s in Geneva in 1994 and $AUD14.72 million at Christie’s in New York in 2002.

“The highly important Winter Egg has twice set the world record for a work by Fabergé and represents a once-in-a-lifetime opportunity to acquire a masterpiece of such calibre,” Christie’s explained.

“It is among the most lavish of Fabergé’s Imperial creations and is widely regarded as one of the most original and artistically inventive Easter eggs the house produced for the Imperial family.

“The sale will also feature just under 50 exceptional works by Fabergé, including hardstone figures, animals, objects de vertu and furniture, offering collectors a rare opportunity to acquire masterpieces from this extraordinary collection.”

A total of 50 Imperial Easter Eggs were produced by Fabergé between 1885 and 1916. Of those, 43 eggs are still believed to exist and are located in museums around the world. It’s believed that seven, including the Winter Egg, are privately owned.

Fabergé was founded in 1842 and, earlier this year, was sold to a technology investor as part of a $AUD76.2 million deal.

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DiamondBuzz

De Beers Group Launches “Heera Hai Aapke Liye” Program at IIJS Bharat Signature to Revolutionize Natural Diamond Accessibility in India

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De Beers Group, the world’s leading diamond company, marked a significant milestone in the Indian jewellery landscape with the official launch of the “Heera Hai Aapke Liye” program at IIJS Signature. The star-studded event featured actress Sonakshi Sinha, who joined Shweta Harit, Global Senior Vice President of De Beers Group and CEO of Forevermark, to unveil an initiative dedicated to making natural diamonds an integral part of daily life for the modern Indian consumer.

The “Heera Hai Aapke Liye” (Diamonds are for You) program is strategically designed to promote natural diamonds by raising awareness, boosting market visibility,and creating a seamless connection between retailers and consumers. With a focus on modern designs and attractive price points, the program also lets local retailers use De Beers Group campaigns as their own—second-piercing earrings, ‘Bestie’ bracelets, and ‘Intention’ pendants. It positions diamonds as a lifestyle choice for self-expression and daily wear.

Speaking at the launch, Shweta Harit, Global Senior Vice President of De Beers Group and CEO of Forevermark, detailed the evolution of the brand’s storytelling, stating, “De Beers Group has a rich legacy of creating iconic ritual campaigns that have shaped how the world perceives diamonds. With ‘Heera Hai Aapke Liye,’ program we are evolving that narrative for the Indian market to another level.

We are not just selling jewellery, we are making natural diamonds more accessible and desirable in India. Our goal is to empower retailers through INDRA (Indian Natural Diamond Retailer Alliance)  to ensure that every ‘First Diamond’ journey is as credible as it is beautiful.”

Kirit bhansali

Speaking on the occasion, Kirit Bhansali, Chairman, Gem & Jewellery Export Promotion Council (GJEPC), said, “IIJS has always been a powerful platform for shaping the future of India’s gem and jewellery industry, and the launch of ‘Heera Hai Aapke Liye’ at IIJS Signature reinforces that role. GJEPC is proud to partner with De Beers Group on the INDRA (Indian Natural Diamond Retailer Alliance) project, which is a critical step towards strengthening domestic demand for natural diamonds.

By empowering retailers, enhancing consumer confidence, and expanding access across metros and Tier 2 markets, this initiative aligns perfectly with our vision to grow the natural diamond category sustainably within India.”

The program ‘Heera Hai Aapke Liye’, rests on few strategic pillars aimed at industry growth and scalability:

  • Stocking & New Consumer Opportunity: Identifying gold wholesalers and distributors across 15–20 cities to focus on a first-phase target of 500 retailers.
  • Retailer Advantage: Providing a “Design Advantage” and strict “Product Hygiene,” backed by a clear buy-back policy and robust training and marketing support via the INDRA alliance.
  • Heera Hai Aapke Liye is robust entry-level product kit featuring earrings, bangles, bracelets, etc supported by exclusive visual merchandising (VM) for display.
  • Growth and Scalability: A PAN-India reach strategy designed to unlock new business opportunities for both manufacturers and retailers.

As India continues to grow as the world’s second-largest market for retail diamond jewellery, De Beers Group remains committed to strengthening the natural diamond narrative. By combining the emotional appeal of natural diamonds with the practical “Heera Hai Aapke Liye” framework, De Beers aims to build a sustainable future for the category across both metros and Tier 2 cities. De Beers and GJEPC aim to expand the base of Natural Diamond buyers, increase self-purchase consideration, and establish long-term credibility for the category.

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