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Daily Digit: Gem of a Deal For Faberge
142 million dollars - that's today's dazzling daily digit in Europe. It's what Faberge - famous for it's jewelled eggs in Tsarist-era Russia - has been valued at. Nowadays its jewels adorn Hollywood celebrities. And precious stones miner, Gemfields, wants to take on a majority stake in it. Pallinghurst Resources is selling Faberge - but it will remain a 49 percent shareholder. Its stock has fallen by a third this year - thanks to the economic crisis scuppering demand for luxury items.
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