Gustav married Charlotte Jungstedt, the daughter of an artist of Danish origin, with whom he had a son, Peter Carl Faberge. In 1860, the Fabergé family left for Dresden, leaving the company in the hands of managers from outside the Fabergé family.
Son Peter Carl was educated at a commercial school in Dresden, where he learned the secrets of marketing. He also learned the art of jewelry, among others, from the goldsmith Joseph Friedman in Frankfurt. Together with his friend Juliusz Butz, he set off on an apprentice journey around Europe, visiting, among others, France, Italy, Germany, and England. He visited the most important European museums.