Mumbai
₹ 13,835 /gm (1.30%)
British jeweller Laurence Graff, founder of Graff Diamonds, rose from his modest beginnings in Stepney, London, to amass significant wealth, evidenced by his £3.785 billion net worth (2020). His career, kick-started in 1960, saw his establishment grow to over 35 stores globally. Graff's 2008 re-cut of the Wittelsbach Diamond garnered both critique and praise for enhancing the gem's attributes. Now based in Gstaad, his family and passion for art are intrinsic elements of his personal life.
June 13, 1938 in Stepney, London, UK
87 years
Diamond Jewelry
Fashion & Retail
United Kingdom
Gstaad
Anne-Marie Graff (divorced)
5
Laurence Graff, the renowned English jeweller and billionaire businessman, was born in Stepney, London, in 1938, into a Jewish family. His mother, recognizing his potential, encouraged him to learn a trade and enrolled him in a jewellery manufacturing workshop. Graff's passion for jewellery led him to leave school at the age of 14 to become an apprentice.
Laurence Graff & family: Family
Laurence Graff married Anne-Marie in 1962, but the couple later divorced. They had three children together: François Xavier, Kristelle, and Stephane. François Xavier Graff currently serves as the chief executive of the family business, Graff Diamonds.
Laurence Graff & family: Career Highlights
Graff's career in jewellery began when he partnered with Schindler, a jeweller, where they repaired rings and created small pieces of jewellery. He soon started selling his own jewellery designs independently to jewellers in England. By 1962, he had established two jewellery shops, including one in the renowned Hatton Garden.
In 1960, Graff founded Graff Diamonds, the company that would make him a household name in the world of luxury jewellery. His big break came in 1966 when he commissioned Robert Thomas to design a diamond jewel for the De Beers Diamond International Awards competition, which he won.
Graff's business acumen and keen eye for exceptional diamonds led him to specialize in selling to newly rich buyers from the Middle East, particularly Hassanal Bolkiah, the Sultan of Brunei. This strategic move helped expand his company to over 35 shops across Africa, Asia, Europe, the Middle East, and the United States.
Laurence Graff & family: Companies
Graff Diamonds is the primary company associated with Laurence Graff. Founded in 1960, it has become a globally recognized brand synonymous with luxury and exquisite craftsmanship in the jewellery industry.
Laurence Graff & family: Major Achievements
Laurence Graff's contributions to the jewellery industry were widely recognized when he was appointed Officer of the Order of the British Empire (OBE) in 2013 for his services to the industry.
His combined personal net worth with his son Francois reached £3.785 billion, as reported in the 2020 Sunday Times Rich List.
Laurence Graff & family: Awards & Achievements
In addition to his OBE, Graff's achievements include winning the De Beers Diamond International Awards competition in 1966 for his exceptional diamond jewel design.
Laurence Graff & family: Personal Life & Legacy
Laurence Graff's personal life has been marked by both success and controversy. He is known for his passion for art collecting, particularly impressionism and contemporary art. One notable acquisition was Andy Warhol's 'Liz,' which he purchased for $12.6 million.
Graff's legacy in the jewellery industry is one of innovation, luxury, and exceptional craftsmanship. His bold decisions, such as the re-cut of the Wittelsbach Diamond, have sparked discussions about the balance between preserving historical heritage and enhancing the beauty of gemstones.
Laurence Graff & family: Trivia
Laurence Graff holds a 60% stake in the Graff Diamonds business through Graff Diamonds Corp., a holding company based in the Cayman Islands. The remaining 40% of the business is held in the name of his ex-wife, Anne-Marie.
Graff reportedly had an affair with jeweller Josephine Daniel, resulting in two children.
He currently resides in Gstaad, Switzerland, where he enjoys his retirement.
Laurence Graff is born in Stepney, London to a Jewish family.
Graff founds Graff Diamonds company.
Graff marries Anne-Marie and opens his second jewellery shop in Hatton Garden.
Graff commissions Robert Thomas to design a diamond jewel for De Beers Diamond International Awards competition and wins.
Graff purchases the Wittelsbach Diamond for £16.4 million.
Graff is appointed Officer of the Order of the British Empire (OBE) for services to the jewellery industry.
Graff and his son Francois have a combined personal net worth of £3.785 billion (2020 Sunday Times Rich List).
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