Laurence Graff Net Worth

Age, Biography and Wiki

Birth DayJune 13, 1938
Birth PlaceGstaad, Switzerland, United Kingdom
Age85 YEARS OLD
Birth SignCancer
ResidenceGstaad, Switzerland
OccupationBusinessman and jeweller
Years active1953–present
Spouse(s)Anne-Marie Graff

💰 Net worth: $3.4 Billion (2024)

Laurence Graff, a prominent figure in the fashion and retail industry in the United Kingdom, is projected to have a net worth of $3.4 billion by 2024. Recognized for his expertise and success in the field, Graff has established himself as a formidable force in the luxury market. His wealth is a testament to his entrepreneurial prowess and dedication to his craft. With his remarkable achievements, Laurence Graff has undoubtedly left an indelible mark on the fashion and retail landscape in the United Kingdom and beyond.

2009$2.2 Billion2010$2.5 Billion2011$2.5 Billion2012$2.6 Billion2013$4.3 Billion2014$4.8 Billion2015$5 Billion2016$4.6 Billion2017$4.6 Billion2018$5.6 Billion

Some Laurence Graff images

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Biography/Timeline

1938

Graff was born in Stepney in 1938 into a Jewish family, the son of a Romanian mother, Rebecca Segal, and a Russian Father, Harry Graff. His Father made suits off the Commercial Road while his mother ran a tobacconist and newsagents. His brother Raymond was born in 1947.

1960

In 1960, he founded the Graff Diamonds company. In 1966 he commissioned the English jewellery-designer Robert Thomas to design a Diamond jewel to enter into the De Beers Diamond International Awards competition. The ribbon bracelet created won the competition. By 1974, he had begun specialising in selling to newly rich buyers from the Middle East. In particular, he supplied many jewels for Hassanal Bolkiah, the 29th Sultan of Brunei, who became a lifelong client and friend. One day, Prince Turki II bin Abdulaziz Al Saud walked into the shop and bought everything including a 14 carat Diamond. Graff has expanded his company, with over 35 stores in US, Europe, Asia, Africa and the Middle East.

1962

In 1962, he married Anne-Marie Graff, who is French. They have three (now grown up) children: Francois, Kristelle and Stephane. They reside in Switzerland.

2008

In 2008, Graff purchased the Wittelsbach Diamond for £16.4 million, a considerable premium over the £9 million guide price. Almost two years later, Graff revealed he had had three Diamond cutters repolish the stone to eliminate the chips and improve the clarity, reducing the Diamond from 35.52 carats (7.104 g) to 31 carats (6.2 g). This action has been compared by critics to making the Mona Lisa prettier. However, according to gemologist Richard W. Wise, "At a cost of only 4.45 carats the recut and renamed Wittelsbach-Graff Diamond has been raised from a GIA grade of Fancy Deep Grayish Blue to a Fancy Deep Blue. Its clarity grade has been likewise elevated from VS2 to Internally Flawless (IF). This is a substantial upgrade." Further, the "Graff recut retained the original double stellate brilliant facet pattern thus retaining the overall look of the original stone."

2013

Graff was appointed Officer of the Order of the British Empire (OBE) in the 2013 Birthday Honours for services to the jewellery industry.

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Tags:

1938 birthsLiving peopleEnglish billionairesEnglish jewellersEnglish JewsDiamond dealersOfficers of the Order of the British EmpireEnglish people of Romanian-Jewish descentEnglish people of Russian-Jewish descent

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