Found new owner
Fribourg & Treyer was perhaps the most reputable English tobacconist. "While most collectors are familiar with the "Royal Appointment" accorded certain well-established businesses in England (most commonly seen on Dunhill packaging) FRIBOURG & TREYER's not only held an identical appointment by the King of England, but they also had a similar "Royal Appointment" by the King of Belgium!" (с) pipedia.org Obviously, here mattered the status of the oldest company (F&T was founded in 1720) and the list of contractors, which produced pipes for F&T (GBD, BBB and Barling were undoubtedly ones of the most respected brands). This pipe is of course not from the XXVIII century; it was born rather in 1960-70s, before the closing of the F&T pipe shop. A very pleasant sample! It's difficult to say why it was marked "Reject": there's nothing on the bowl except a couple of scratches.
The pipe markings are "<F&T> REJECT". The length is 13.9 cm (5.47"), bowl's height is 4.5 cm (1.77"). External diameter of the bowl is 2.9 cm (1.14"), internal diameter is 1.7 cm (0.67"). The depth is 3.6 cm (1.42") and this pipe weights 26 gr. Briar, vulcanite stem, no filter. The chamber has been protected with a break-in coat.