Fabergé Limited

Fabergé is one of the world’s most recognised luxury brand names, underscored by a well-documented and globally respected heritage. 

For more information on Fabergé, please visit: www.faberge.com

Financial Performance

Fabergé achieved revenues of US$13.4 million in the year to 31 December 2018.

Points of Sale

Fabergé currently directly-operates two points of sale: a concession in the Harrods Fine Jewellery Room, London; and a mono-brandstand-alone boutique located in The Galleria Mall, Houston, Texas.

Assets

Fabergé is one of the world’s most recognised luxury brand names, underscored by a well-documented and globally respected heritage. As a wholly owned subsidiary of Gemfields, Fabergé provides direct access to the end-consumer of coloured gemstones through directly operated boutiques and international wholesale partners, and boosts the international presence and perception of coloured gemstones through its consumer-focussed marketing campaigns.

Points of Sale

Fabergé directly-operates two points of sale: a concession in the Harrods Fine Jewellery Room, London; and a mono-brandstand-alone boutique located in The Galleria Mall, Houston, Texas, USA, the state’s premier retail destination.

At 30 June 2019, Fabergé products were available in Australia, Abu Dhabi Andorra, Azerbaijan, Bahrain, Belgium, Canada, Czech Republic, Dubai France, Germany, Italy, Jordan, Japan, Kuwait, Malta, Moldova, the Netherlands, Qatar, Romania, Saudi Arabia, South Africa, Switzerland, Thailand, UK, Ukraine and the USA. The total number of Fabergé outlets increased from 65 to 72 during the period.

Marketing and Communications

Throughout 2018, Fabergé focussed, by way of a blend of digital marketing and print advertising, on fine jewellery collections featuring coloured gemstones, guilloche enamel and high-complication timepieces.

Further information on the marketing and communications projects carried out by Fabergé can be found in the dedicated section in the Operational Review.

Financial

Fabergé achieved revenue of US$3.8 million in the six months to 30 June 2019 compared to US$7.0 million in the previous period. The decline in revenue is due to the timing of high jewellery sales, with a number such sales expected to complete in the remaining six months of the year.

During the same period, Fabergé recorded an EBITDA (earnings before interest, tax, depreciation and amortisation) loss of US$2.9 million compared to US$2.5 million in 2018, with average monthly operating expenses of US$0.8 million and a sales margin of 45% (six months to 30 June 2018: 40%).

Exhibitions and Product Developments

Fabergé was again shortlisted for the prestigious Grand Prix d’Horlogerie de Genève (GPHG) Awards, this year for two timepieces. The pieces nominated were the Fabergé Clover from the Fabergé Dalliance Collection in the “Artistic Crafts” category, and the Visionnaire Chronograph Dynamique in the “Sports” category.

Fabergé’s best-selling jewellery lines were expanded during the period to include bangles and cross-over rings, further building the customer offering based around the iconic Fabergé egg motif.

The year 2018 also saw the latest Imperial Class Egg from Fabergé, in collaboration with Rolls-Royce Motor Cars. The amethyst, diamond and rose-gold objet d’art was incredibly well received, generating significant amounts of coverage. The egg was delivered to its owner in December 2018, following unveiling events in Singapore and England.

From The Directors

Outlook

Fabergé will continue to increase its digital presence, with a greater focus on social media platforms given the reach, adaptability and measurability offered by that medium. Coloured gemstone-set, fine-jewellery collections will remain at the heart of the campaign, allowing Fabergé to seek and utilise synergies with Gemfields’ marketing and to continue to promote the brand’s tagline: A Life in Colour.

In addition, Fabergé will continue to expand its global retail footprint, with further multi-brand retail openings in the USA, Europe, the Middle East and South-East Asia.

Related News and Announcements

Fabergé wins at Grand Prix d’Horlogerie de Genève

Gemfields plc (AIM: GEM), a global leader in coloured gemstone mining and marketing, is delighted to announce that Fabergé (which is wholly-owned by Gemfields) has won the prestigious Grand Prix d’Horlogerie de Genève (“GPHG”), the Swiss watchmaking industry’s highest honour, in the ‘Ladies Hi-Mechanical’ category with its ‘Lady Compliquée Peacock’ timepiece.