 An agreement was reached out of court in 1951 with the family, whereby Rubin agreed to pay Fabergé & Cie $25,000 to use the Fabergé name solely in relation to perfume.In 1964, Rubin sold Fabergé for $26 million to George Barrie and the Rayette Inc.The Cosmetics company Rayette changed its name in 1964 to Rayette-Fabergé Inc., and in 1971, the company name was changed to Fabergé Inc.