An employee displays a jewel egg called "The Dedication of Faberge", which displays a portrait of legendary artist-jeweller Peter Carl Faberge and costs about $60 000 in this file image.

Shares of Pallinghurst Resources gain as the mining investment company says it will sell a stake in Faberge to coloured gems miner Gemfields.

Pallinghurst, which will retain a 49.3 percent in the company famous for its Tsarist-era jewelled eggs, is trading 1.4 percent higher at 2.15 rand.

The stock has lost nearly a third of its value this year as the economic crisis chokes off demand for luxury goods such as jewellery. - Reuters