Laurence Graff Net Worth is$4.3 Billion
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Laurence Graff net worth: Laurence Graff is an English jeweler who has a net worth of $4.3 billion. Laurence Graff is often referred to as "the new Harry Winston" by Jewelry business insiders. Graff has made a name for himself supplying unique jeweler and rare jewels to the affluent. This self-made tycoon was raised in London's gritty East End, and at the age of 14 he dropped out of school to become a jeweler's apprentice. It was in 2008, when he bought a share in publicly traded diamond miner Gem Diamonds, achieving full vertical integration in the process. Over the years he has acquired more assets, among which are a polished diamond trading venture in Antwerp, real estate in London's tony Mayfair district, as well as a stake in a South African diamond wholesaler. As he specialized in the highest end of jewelry retailing, Laurence Graff has expanded his craft opening more than 20 stores worldwide, including outposts in Hong Kong, Hanghzhou, Macau, Gstaad and Dubai. Among his most notable clients are the Sultan and Queen of Brunei, Oprah Winfrey and Donald Trump. Apart from the above, he is also the owner of Delaire Graff Estate, a vineyard and winery with a boutique hotel and restaurant in Stellenbosch, the Napa Valley of South Africa, as well as an extensive modern and contemporary art collection. Graff spends most of his time in his homes in Gstaad, London, Cap Ferrat, New York City and his 150-foot Feadship yacht. As for his private life, he remains with his long-time wife Anne-Marie even though, on a personal note, he acknowledged that he fathered a baby girl out of wedlock four years ago. With a fortune that has increased in the past year due to a strengthening market for high-end diamonds and expansion in Asia, Laurence Graff is one of the richest people in the United Kingdom.
Laurence Graff OBE (born 13 June 1938) is an English jeweller. He is best known as a supplier of unique jewellery and rare jewels to the wealthy. In 2008, he bought the Wittelsbach Diamond for A?16.4 million ($24.3 million). He recut the diamond, removing 4 carats (800 mg) and receiving criticism for altering the historic jewel. In 2010 he set a record for the highest price ever paid for a jewel at auction, $46 million dollars/A?29m, for a pink diamond. Graff is estimated to be worth US$4.3 billion as of 2013.
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.
Graff left school and became an apprentice when he was 15 cleaning floors and toilets. He was fired from that job after three months and went into partnership with Schindler, a jeweller, repairing rings and creating small pieces of jewellery in a small shop. That shop went out of business and so Graff began selling his jewellery designs independently to jewellers all over England. By 1962, he had two jewellery shops, including his first in Hatton Garden - the centre of London's jewellery trade since medieval times.
In 1960, he founded the Graff Diamonds company. In 1972 Janine Paule from Diversity Jewellery Ltd used to carry diamonds in small wax packets from Howard Taylor, a jobbing jeweller in Hatton Garden to Graff. This was so the right diamond could be selected for a particular gold ring. By 1974, he had begun specializing 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 bin Abdul Aziz walked into the shop and bought everything including a 14 carat diamond. Graff is currently expanding his empire in North Africa and the Gulf.

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Laurence Graff Latest News

Massive 709-Carat Diamond Sells for $6.5 Million

Laurence Graff, chairman of renowned London-based gem house Graff Diamonds, has purchased the Peace Diamond from Sierra Leone’s government for $6.5 million. The uncut 709-carat stone is one of the largest diamonds ever unearthed. The egg-shaped gem was ...
Posted: December 7, 2017, 2:01 pm

‘Peace Diamond’ fetches $6.5m for Sierra Leone at New York auction

The buyer was Laurence Graff, one of the world’s top precious stone buyers and founder of Graff Diamonds. Officials say he knowingly overbid for what has been called the “Peace Diamond” because of the symbolism behind the stone. It was found by ...
Posted: December 7, 2017, 8:36 am

Peace diamond: Precious stone fetches $6.5m in New York

A giant 709-carat diamond unearthed in Sierra Leone has sold at auction in New York for $6.5m (£4.8m). Laurence Graff, chairman of Graff Diamonds, won the precious stone – nicknamed the “peace diamond” – in bidding on Monday. Half of the proceeds ...
Posted: December 5, 2017, 2:54 am
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