She was originally a cargo ship, transporting sugar from the West Indies, cocoa, and coffee from Brazil and French Guiana to Nantes, France. By chance she escaped the eruption of the Mount Pelée in Saint-Pierre de la Martinique on 8 May 1902. All Saint Pierre roads were full of vessels, no place to anchor the ship. Captain Julien Chauvelon angrily decided to anchor some miles further on in a beach - sheltered from the exploding volcano.
She was sold in 1914 to Hugh Grosvenor, 2nd Duke of Westminster, who converted her to his private luxurious pleasure yacht, complete with two auxiliary Bolinder Diesel engines 300 HP each.
In 1922 she became the property of Sir Arthur Ernest Guinness, who renamed her the Fantôme II (French spelling) and revised the rig from a square rigger. He took the Fântome II on a great cruise in 1923 with his daughters Aileen, Maureen, and Oonagh. They sailed the seven seas in making a travel round the world via the Panama and Suez Canals including a visit to Spitsbergen. During her approach to Yokohama harbour while sailing the Pacific Ocean the barque managed to escape another catastrophe - an earthquake which destroyed the harbour and parts of Yokohama city. Hon. Arthur E. Guinness died in 1949. The 'Fantome' was moored in the roads of Cowes, Isle of Wight.
In 1951 she was sold to the Venezian count Vittorio Cini, who named her the Giorgio Cini after his son, who had died in a plane crash near Cannes on 31 August 1949 . She was rigged to a barkentine and used as a sail training ship until 1965, when she was considered too old for further use and was moored at the Island of San Giorgio Maggiore, Venice.
In 1972 the Italian carabinieri attempted to restore her to the original barque rig. When this proved too expensive, she became the property of the shipyard. In 1976 the ship was re-rigged to a barque.