Gemfields to sell luxury jeweler Fabergé in $50M deal

13 hours ago 2
Faberge eggs close up

Evgeniy Akimenko/iStock Editorial via Getty Images

Gemfields (OTC:GFLDF) said Monday it agreed to sell Fabergé, its luxury jeweler known for making ornate eggs, to SMG Capital for $50M.

Gemfields (OTC:GFLDF) said the sale proceeds will provide additional working capital while the new processing plant at

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