Graff (jewellers)

Last updated
Graff Diamonds International Ltd.
IndustryJeweller, Watchmaker
Founded1960
Founder Laurence Graff
Headquarters,
Number of locations
64 (2023)
Area served
Worldwide
Key people
Laurence Graff (Chairman)
Number of employees
500
Website graff.com

Graff is a British multinational jeweller based in London. [1] It was founded by British jeweller Laurence Graff in 1960. A vertically integrated company, Graff operations comprise the design, manufacture and retail distribution of jewellery and watches.

Contents

Awards

Graff were the first ever jewellers to receive the Queen's Award for Industry and Export (now known as the Queen's Award for Enterprise), awarded in 1973. [2] Since then, the company has received this award a further four times, most recently in 2014. [3] [4] [5] [6] [7] [8]

Sourcing

Graff adheres to the Kimberley Process, never knowingly buying or trading rough diamonds from areas where this would encourage conflict or human suffering. [9] The majority of Graff diamonds are laser engraved with unique Gemological Institute of America (GIA) tracking numbers, which whilst invisible to the naked eye, allow for their origin to be traced. [10] Graff’s cutting and polishing processes are carried out in Johannesburg by the South African Diamond Corporation, a division of Graff. [11]

Notable pieces

Diamonds

The Windsor Yellows were acquired by Laurence Graff in 1987 in Geneva during the auction of the jewels belonging to Wallis Simpson, Duchess of Windsor. The Duchess was often photographed wearing the Windsor Yellows, a pair of clips of fancy yellow pear shaped diamonds of 51.01 and 40.22 carats respectively. "I also bought another pair of clips the Duchess had owned," Laurence Graff explains. "Of course they needed re-cutting to bring them to their full potential, I bought all four, repolished them, and eventually made the Windsor earrings." [12]

The Paragon diamond was acquired by Graff in 1989. The Paragon is a 7-sided diamond of 137.82 carats (27.564 g), cut, [13] [14] and was worn as part of "millennium" necklace of round, pink, blue and yellow diamonds by Naomi Campbell in 1999. [15]

The Lesotho Promise was acquired as a rough 603-carat (120.6 g) stone for $12.4 million in 2006. [16] The stone was cut by a team of 35 using computer-controlled lasers into 26 D-flawless diamonds totaling 223.35 carats (44.670 g), the highest yield from a single diamond. [17] [18]

The Wittelsbach-Graff Diamond is a 31.06-carat (6.212 g) fancy deep-blue diamond with internally flawless clarity purchased by Laurence Graff in 2008 for £16.4 million.

The Delaire Sunrise is, at 118.08 carats, the largest square emerald cut Fancy Vivid Yellow diamond in the world. Discovered in 2008 at an alluvial mine in South Africa, the 221.81 carat rough diamond. When Laurence Graff unveiled the finished diamond, he named it "the Delaire Sunrise". [19]

The Graff Pink was acquired by Graff in November 2010. A pink diamond with a type IIa classification and modified emerald cut shape, the diamond was previously held in a private collection for over 60 years. The diamond displayed 25 natural flaws. The recut 23.88 carat diamond displayed new colour, clarity and internal flawlessness. [20] [21] [22]

The Sultan Abdul Hamid II is a 70.54 carat light yellow acquired by Graff in 1981. It has been suggested that this stone may have been cut from "The Ottoman I" which originally belonged to Suleyman the Magnificent of Turkey. [23]

The Graff Lesedi La Rona, a 302.37 carat D color high-clarity emerald cut diamond. It is the main stone cut from the Lesedi La Rona, bought by Graff in 2017 and cut in 2019. The cutting of the rough stone also produced 66 smaller stones. According to Graff, the stone is the "largest highest clarity, highest color diamond ever graded by the Gemological Institute of America (GIA)". [24] [25]

Jewellery

The Peacock Brooch takes the form of a peacock with a display of fanned tail feathers, this diamond brooch features a collection of coloured diamonds. A total of 120.81 carats of diamonds adorn the brooch, which measures a little over 10 cm in height. At the heart of the brooch, sits a 20.02 carat deep blue pear shape diamond. The piece also features an additional clasp to the rear, allowing the blue diamond centrepiece to be removed and worn two ways. [26] [27]

This piece was unveiled in 2013 and priced at $100 million. As of 2015, the brooch had sold for $120 million. [28]

The Hallucination watch was unveiled at Baselworld in 2014, with Graff claiming it as the most expensive watch created at $55 million. [29] It is made with 110 carats of fancy colour diamonds and has a quartz movement. [29]

Locations

Graff has over 50 stores around the world including New York, Las Vegas, Melbourne, Monte Carlo, Courchevel, Kyiv, Beijing and Taipei. [1]

Graff has corporate offices in London, New York, Geneva, Hong Kong and Tokyo.

Robberies

Graff has been the target of several robberies.

In 1980, two Chicago-based gangsters armed with a handgun and a hand grenade stole jewellery valued at £1.5 million from the Sloane Street premises. Mafiosi Joseph Scalise and Arthur Rachel, who took "less than a minute" to commit the crime, were apprehended eleven hours later in the United States and were extradited to England where they were tried, convicted and imprisoned for nine years. [30] Their haul had included the 26 carat Marlborough diamond, worth £400,000 at the time, which has never been recovered. [31]

In 1993, the firm's Hatton Garden workshop premises was robbed of jewellery valued at £7 million. The robbery was attributed to a group of armed robbers known as The Rascal Gang due to the Bedford Rascal vans they used. [32]

In 2003, the New Bond Street premises was robbed by two men from the Pink Panthers international jewel thief network who stole 47 pieces of jewellery worth £23 million. [32]

In 2005, three armed robbers stole jewellery valued at £2 million from the Sloane Street premises. [33]

In 2007, two robbers, who arrived at the Sloane Street premises in a chauffeur-driven Bentley Continental Flying Spur, threatened staff at gunpoint and stole jewellery worth £10 million. [32] In the same year, the Graff premises in Wafi City, Dubai was targeted by the Pink Panthers again, using two Audi A8 cars to carry out a ram raid. [34] Jewellery worth AED14.7 million (£2.4 million) was taken, although later recovered when two of the gang, both Serbians, were arrested. [35]

In the 2009 Graff Diamonds robbery, which took place on 6 August, two armed robbers stole 43 items with a total worth of nearly £40 million. [32] It was believed to be the largest ever gems heist in Britain at the time, and the second largest British robbery after the £53 million raid on a Securitas depot in Kent in 2006. [36] [37]

Related Research Articles

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<span class="mw-page-title-main">Diamond color</span> Color due to impurities or crystal lattice defects in diamond

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The Pink Star, formerly known as the Steinmetz Pink, is a diamond weighing 59.60 carats, rated in color as Fancy Vivid Pink by the Gemological Institute of America. The Pink Star was mined by De Beers in 1999 in South Africa, and weighed 132.5 carats in the rough. The Pink Star is the largest known diamond having been rated Vivid Pink. As a result of this exceptional rarity, the Beny Steinmetz Group called Steinmetz Diamonds took a cautious 20 months to cut the Pink. It was unveiled in Monaco on 29 May 2003 in a public ceremony.

<span class="mw-page-title-main">Harry Winston</span> American jeweler (1896–1978)

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The Pink Panthers are an international jewel thief network responsible for a number of robberies and thefts described as some of the most audacious in the history of organized crime. The organization has roughly 800 core members, many of whom are ex-soldiers with extensive military and paramilitary backgrounds. Both women and men play an equal part in the structure of the organization. The organization's membership mostly consists of Serbian and Montenegrin citizens, who are believed to be Bosnian War veterans making use of their military experience for criminal activity. The organization was named by Interpol after The Pink Panther series of crime comedy films.

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<span class="mw-page-title-main">Wittelsbach-Graff Diamond</span> Blue diamond

The Wittelsbach-Graff Diamond is a 31.06-carat (6.212 g) deep-blue diamond with internally flawless clarity, originating in the Kollur Mine, India. Laurence Graff purchased the Wittelsbach Diamond in 2008 for £16.4 million. In 2010, Graff revealed he had had the diamond cut by three diamond cutters to remove flaws. The diamond was now more than 4 carats (800 mg) lighter and was renamed the Wittelsbach-Graff Diamond. There is controversy, as critics claim the recutting has so altered the diamond as to make it unrecognisable, compromising its historical integrity.

<span class="mw-page-title-main">Star of Sierra Leone</span>

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<span class="mw-page-title-main">2009 Graff Diamonds robbery</span>

The Graff Diamonds robbery took place on 6 August 2009 when two men posing as customers entered the premises of Graff Diamonds in New Bond Street, London and stole jewellery worth nearly £40 million. It was believed to be the largest ever gems heist in Britain at the time, and the second largest British robbery after the £53 million raid on a Securitas depot in Tonbridge, Kent, in 2006. The robbers' haul totalled 43 items of jewellery, consisting of rings, bracelets, necklaces and wristwatches. One necklace alone has been reported as being worth more than £3.5m. Britain's previous largest jewellery robbery also took place at Graff's, in 2003.

Laurence Graff is an English jeweller and billionaire businessman, best known as the founder of Graff Diamonds, supplier of jewellery and jewels.

<span class="mw-page-title-main">Hooker Emerald Brooch</span>

The Hooker Emerald Brooch is an emerald brooch designed by Tiffany & Co. The brooch is on display in the Janet Annenberg Hooker Hall of Geology, Gems, and Minerals at the Smithsonian Institution's National Museum of Natural History in Washington D.C., United States.

The Graff Pink is a rare 24.78 carat pink diamond, once owned by American celebrity jeweller Harry Winston. The diamond, mounted in a ring, was sold by Sotheby's auctioneers in Geneva, Switzerland on 16 November 2010. Before its sale, the stone was expected to enter the list of the top ten most expensive diamonds in the world; on selling for US $46 million it became the most expensive single jewel ever sold at auction at that time.

Alexandre Reza was a Paris-based jeweler known for his diverse and rare collection of precious gemstones. He is lauded as the greatest gem collector of modern times.

<span class="mw-page-title-main">Lesedi La Rona</span> 4th largest diamond, found 2015

Lesedi La Rona, formerly known in media as Karowe AK6 or as Quad 1 by the personnel at the mine, is the fifth-largest diamond ever found, and the third-largest of gem quality. It was found in the Karowe mine, in Botswana on 16 November 2015.

<span class="mw-page-title-main">Dresden Green Vault burglary</span> Burglary of jewellery

On 25 November 2019, royal jewellery was stolen from the Green Vault museum within Dresden Castle in Dresden, Saxony, Germany. The stolen items include the 49-carat Dresden White Diamond, the diamond-laden breast star of the Polish Order of the White Eagle which belonged to the King of Poland, a hat clasp with a 16-carat diamond, a diamond epaulette, and a diamond-studded hilt containing nine large and 770 smaller diamonds, along with a matching scabbard. The missing items were of great cultural value to the State of Saxony and were described as priceless; other sources estimate the total value at about €1 billion. However, in the years following the burglary, more accurate estimates place the total value of the stolen items at around €113 million.

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