Fabergé's Lilies of The Valley Egg. Courtesy: The Forbes Collection, New York
Fabergé's Lilies of The Valley Egg. Courtesy: The Forbes Collection, New York
Fabergé's Lilies of The Valley Egg. Courtesy: The Forbes Collection, New York
Fabergé's Lilies of The Valley Egg. Courtesy: The Forbes Collection, New York

Fabergé eggs up for royal return


Selina Denman
  • English
  • Arabic

It is 99 years since Carl Fabergé created his last Imperial Easter Egg. The exquisite Fabergé eggs, crafted for the Russian royal family between 1885 and 1916 (and widely considered to be the iconic artist-jeweller’s crowning achievement), are an inextricable part of the Fabergé legend – a story tinged with decadence, drama and, ultimately, tragedy. And this year, for the first time in nearly a century, Fabergé will launch a collection of four new eggs.

The story began when Tsar Alexander III decided to surprise his wife, Empress Maria Feodorovna, with a jewelled Easter egg. This first egg, known as the Hen Egg, was crafted from gold, with a series of surprises hidden within, including a multicoloured gold hen and a diamond replica of the Imperial crown. Fabergé would go on to create 50 eggs for the royal family (although only 42 survived the Bolshevik Revolution), and each would conceal a similar surprise. The Lilies of the Valley Egg (pictured) was presented in 1898; the twist of a pearl button reveals its surprise – three portraits, of Tsar Nicholas II and his two eldest daughters.

Details about the new Fabergé eggs are being kept under wraps but, according to Robert Benvenuto, Fabergé’s president and chief operating officer, they are already 80 per cent complete.

March this year will also see the brand unveil four limited-edition watch collections, for men and women. For inspiration when creating the ladies’ watches, the Fabergé team also looked to those lavish objets d’art so loved by the tsars. “The inspiration for two of the models comes from two pre-1917 Imperial Eggs – the Peacock Egg and the Winter Egg. But this is our interpretation of them, 100 years later,” says Benvenuto.

While you wait for these new offerings, you can console yourself with Fabergé’s latest jewellery collections, which were launched at Damas in the UAE last month. These include Rococo, a Charms Collection and Regalia, a diamond and ruby-encrusted suite with an egg-shaped pendant suspended on a double string of pearls and featuring 3,386 round and calibre-cut rubies. And in true Fabergé style, there’s a surprise to be found within the egg.

sdenman@thenational.ae

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RedCrow Intelligence Company Profile

Started: 2016

Founders: Hussein Nasser Eddin, Laila Akel, Tayeb Akel 

Based: Ramallah, Palestine

Sector: Technology, Security

# of staff: 13

Investment: $745,000

Investors: Palestine’s Ibtikar Fund, Abu Dhabi’s Gothams and angel investors

Emergency phone numbers in the UAE

Estijaba – 8001717 –  number to call to request coronavirus testing

Ministry of Health and Prevention – 80011111

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UAE currency: the story behind the money in your pockets
Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

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Graphene is extracted from graphite and is made up of pure carbon.

It is 200 times more resistant than steel and five times lighter than aluminum.

It conducts electricity better than any other material at room temperature.

It is thought that graphene could boost the useful life of batteries by 10 per cent.

Graphene can also detect cancer cells in the early stages of the disease.

The material was first discovered when Andre Geim and Konstantin Novoselov were 'playing' with graphite at the University of Manchester in 2004.

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Friday Sassuolo v Torino (Kick-off 10.45pm UAE)

Saturday Atalanta v Sampdoria (5pm),

Genoa v Inter Milan (8pm),

Lazio v Bologna (10.45pm)

Sunday Cagliari v Crotone (3.30pm) 

Benevento v Napoli (6pm) 

Parma v Spezia (6pm)

 Fiorentina v Udinese (9pm)

Juventus v Hellas Verona (11.45pm)

Monday AC Milan v AS Roma (11.45pm)

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