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

In 2022, Fabergé achieved revenues of USD17.6 million (2021: USD13.8 million).

Points of Sale

Fabergé directly operated three points of sale in 2022: a concession in the Harrods Fine Jewellery Room, London, UK, and mono-brand boutiques located in the world-famous Dubai Mall, Dubai, UAE, and in the Galleria Mall, Houston, Texas, USA.

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 operated three points of sale in 2022: a concession in the Harrods Fine Jewellery Room, London, UK, and mono-brand boutiques located in the world-famous Dubai Mall, Dubai, UAE, and in the Galleria Mall, Houston, Texas, USA.

In addition, Fabergé products are listed for purchase online via Faberge.com, Net-A-Porter, Harrods.com, Saks.com and a host of other third-party online marketplaces.

The total number of Fabergé points of sale increased from 116 to 128 during the period.

Marketing and Communications

Today, Fabergé continues to explore ‘A Life in Colour’, pushing the boundaries of artistry and craftsmanship with the use of coloured gemstones, enamels and innovative techniques. Fabergé works closely, but not exclusively, with Gemfields when sourcing exceptional coloured gemstones for its contemporary jewellery collections. The relationship between Gemfields and Fabergé will continue to grow over the coming years, exemplifying our mine and market strategy.

Financial

Fabergé achieved revenues of USD7.1 million in the year to 31 December 2020 (2019: USD10.5 million). During the same period, Fabergé recorded an EBITDA loss of USD3.4 million (2019: USD6.5 million) with average monthly operating expenses of USD0.6 million (2019: USD0.8 million) and a sales margin of 54% (2019: 31%) before any inventory provisions.

Operating costs reduced overall by USD2.2 million against the prior year in response to the Covid-19 crisis and associated temporary decline in sales

Exhibitions and Product Developments

2019 saw two new Fabergé egg objets d’art produced and sold to a client in the Middle East. Fabergé also expanded it’s Colours of Love collection which features Gemfields Rubies and Emeralds, proudly supporting the wider group’s “mine and market” vision.

During the period Fabergé returned to the Doha Jewellery and Watch exhibition, Doha, Qatar for its 8th consecutive year, operated a 3rd consecutive, successful trunk show in Singapore and a coloured gemstone focused event with the high-status department store Wako which is located in Ginza, Tokyo, Japan.

Fabergé also secured its participation at the exclusive Watches and Wonders Exhibition 2020 (formerly known as the Salon International de la Haute Horlogerie) a tremendous and exciting achievement to have been invited to participate in the industry’s most exclusive and elite tradeshow.

From The Directors

Fabergé’s development has continued with the opening of a new boutique in Houston. The luxury brand is focussing on achieving sustainable profitability for the business on a stand-alone basis.

Chief Executive

The Fabergé Inventory Partner Programme

Parties of good standing are invited to apply to Fabergé regarding participation in its programme for Fabergé Inventory Partners (“FIPs”). In short, FIPs pay the cost price of mutually agreed items of jewellery and participate in 50% of the upside. For more information please click here.

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.

Related News and Announcements

Monthly Operational Market Update – 31 December 2021

Gemfields shareholders are advised that the Company has released information about its operational results and financial position up to and including 31 December 2021. The figures have been produced on a monthly basis for Gemfields’ 75%-owned Kagem emerald mine, its 75%-owned Montepuez ruby mine and Fabergé, the iconic luxury brand.

Monthly Operational Market Update – 30 June 2021

Gemfields shareholders are advised that the Company has released information about its operational results and financial position up to and including 30 June 2021. The figures have been produced on a monthly basis for Gemfields’ 75%-owned Kagem emerald mine, its 75%-owned Montepuez ruby mine and Fabergé, the iconic luxury brand.
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