A new nest: Fabergé to move back to London

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The Independent Online

Fabergé, famous for its jewel-encrusted eggs and synonymous with Tsarist Russia, is set to return to London after a 94-year break.

Pallinghurst Resources, which bought Fabergé in 2007 with plans to restore its status as one of the world's most exclusive brands, is searching for a flagship shop to showcase fine jewellery, watches and objets d'art. A Fabergé board member, Sean Gilbertson, said: "The last Fabergé store outside Russia, at 173 Bond Street, closed in 1917. All the money in the world passes through London so we thought it would be appropriate to be there."

Pallinghurst, run by South African mining entrepreneur Brian Gilbertson, wants to open stores in the world's most glamorous cities. The first outlet opened in Geneva two years ago, and the search is on for a New York site. In London, property agent Wilson McHardy has been hired to find a location. A return to Bond Street is favoured, but wherever the wealthy shop would be considered.