Mouawad

Last updated
Mouawad
Company type Private
Industry Retail
Founded1890;134 years ago (1890)
Headquarters Dubai, Geneva
Key people
Robert Mouawad, Fred Mouawad, Alain Mouawad, Pascal Mouawad and Jimmy Mouawad
Products Jewelry, watches
Number of employees
500+ (2013)
Website www.mouawad.com

Mouawad is a family-owned international company of Lebanese origin that makes and sells jewelry, objects of art, and luxury watches. [1] The firm has headquarters in Geneva, Switzerland, with a Middle East headquarters at Jumeirah Lakes Towers in Dubai, as well as locations in Thailand, Malaysia, Singapore, and the United States. [2] Founded in 1891 in Beirut, Lebanon by David Mouawad, [3] the firm is now led by 4th generation co-guardians Fred Mouawad, [4] [5] Alain Mouawad and Pascal Mouawad. [6] [7]

Contents

History

First generation

The Mouawad Company and brand began with David Mouawad (1865–1951) who spent more than two decades in New York City and Mexico learning the craft of watchmaker, goldsmith, and jeweler before returning to Beirut in 1891. He opened a small shop in Beirut in 1908 where he combined the trade of watch and jewelry repairs, with his passion for creating intricate clocks and fashioning one-of-a-kind pieces commissioned by wealthy clients. [7] [8]

Second generation

His son Fayez Mouawad (1917–1990) expanded the business in the 1950s when he moved to Saudi Arabia. [9] He was able to capitalize on the Middle East's increased oil wealth by making personalized jewelry for people in the area. [10]

Third generation

The firm moved into the European and worldwide market under Fayez's son, Robert Mouawad. He had initially studied in Europe to become a doctor, but returned after being convinced by his father to join the family business. He started as a salesman with Mouawad in order to learn the business from the ground up, later entering into an agreement with his father to take over the business as the sole president. In the early 1970s, Robert moved the headquarters to Geneva, Switzerland.

He took many risks with the firm by purchasing some of the world's largest diamonds. He expanded the brand into Europe, Asia, and North America and began producing watches in the early 1990s. He's also contributed to jewelry education and research through support of the Gemological Institute of America whose campus in Carlsbad, California is named in his honor. [11]

Robert Mouawad acquired a historical residence in Beirut, Lebanon to host his collections of fine arts and antique pieces, and in 2006 established the Robert Mouawad Private Museum for his collections of books, ceramics, architectural elements, pottery, ancient weapons, carpets, jewelry, objets d'art and rare precious stones. [12]

Fourth generation

In 2010, Robert Mouawad left the firm to focus on his real estate group, the Robert Mouawad Foundation, and his museum. He officially retired on January 1, 2010, and the company was then led by his sons Fred Mouawad and Pascal Mouawad. [13] [14] Alain Mouawad joined to head up the watch division in January 2013. [15]

Diamond collection

The Ahmedabad diamond Ahmad Abad.jpg
The Ahmedabad diamond
Indore Pears diamonds MouawadDiamondIndoorPears.png
Indore Pears diamonds
The Mouawad Liliac diamond Mouawad Lilac.jpg
The Mouawad Liliac diamond

Diamonds owned by the Mouawad family include the Ahmedabad which is a pear shaped diamond that weighs 78.86 carats with a D-VS1 Grade.[ citation needed ]

Mouawad is the owner of the Indore Pears which are linked to the Malabar Hill Murder. In January 1925, armed men attacked a car in Bombay which was being driven by an official of the Bombay Corporation. The passenger in the vehicle was a young Muslim woman who was the subject of the attack. The official was killed and four British officers came to the aid of the woman. Robbery was not the motive for this crime as the young woman was believed to be a dancer at the Court of Tukoji Rao III. The woman escaped from being a concubine and the murder was believed to be retaliation. The diamonds were purchased several times throughout the years until they were purchased by Robert Mouawad in 1987. [16] [ non-primary source needed ]

The Queen of Holland diamond (it:Regina d'Olanda) is another in the Mouawad collection. Its origin is unknown; however, it was believed to have been brought from South Africa to the Netherlands. It was first cut in 1904 by F. Freidman & Co. who made it a cushion-cut and named it after Queen Wihelmina of the Netherlands, which is incorrectly referred to as Holland. The diamond was re-cut sometime after the 1960s into its current weight of 135.92 carats. It is judged to be internally flawless and 'D' color by the Gemological Institute of America. [17] This diamond was also formerly owned by William Goldberg.[ citation needed ]

Mouawad is the owner of the Jubilee Diamond. The Jubilee Diamond was known as the Reitz Diamond and is a colourless, cushion-shaped diamond weighing 245.35 carats (49.07 grams). It is the sixth-largest diamond in the world and originally named after Francis William Reitz who was the president of the Orange Free State at the time the diamond was discovered in the area. [18] The Jubilee is the largest diamond in the Mouawad collection. [19]

The Mouawad Lilac is estimated to be worth $20M (USD) and weighs 24.44 carat. It is an emerald cut pink diamond that is so saturated with color that it gives off a purplish, almost maroon, hue.[ citation needed ]

Guinness World Records

The Mouawad Splendor diamond Mouawad Splendor.jpg
The Mouawad Splendor diamond

Mouawad has five Guinness World Records: The most valuable jewellery coffer in the world — the Flower of Eternity Jewellery Coffer ($3.5M), [20] the most valuable necklace in the world ($55M) — the Mouawad L’Incomparable Diamond Necklace featuring the world's largest internally flawless diamond, the Incomparable diamond (407.48 carats). [21] The most valuable handbag in the world—the Mouawad 1001 Nights Diamond Purse ($3.8M). [22]

Related Research Articles

<span class="mw-page-title-main">Cullinan Diamond</span> Largest gem-quality diamond ever discovered

The Cullinan Diamond is the largest gem-quality rough diamond ever found, weighing 3,106 carats (621.20 g), discovered at the Premier No.2 mine in Cullinan, South Africa, on 26 January 1905. It was named after Thomas Cullinan, the owner of the mine. In April 1905, it was put on sale in London, but despite considerable interest, it was still unsold after two years. In 1907, the Transvaal Colony government bought the Cullinan and Prime Minister Louis Botha presented it to Edward VII, the British king who reigned over the territory. It was then cut by Joseph Asscher & Co. in Amsterdam.

<span class="mw-page-title-main">Gemological Institute of America</span> Research institute in Carlsbad, California

The Gemological Institute of America (GIA) is a nonprofit institute based in Carlsbad, California. It is dedicated to research and education in the field of gemology and the jewelry arts. Founded in 1931, GIA's mission is to protect buyers and sellers of gemstones by setting and maintaining the standards used to evaluate gemstone quality. The institute does so through research, gem identification, diamond grading services, and a variety of educational programs. Through its library and subject experts, GIA acts as a resource of gem and jewelry information for the trade, the public and media outlets.

<span class="mw-page-title-main">Cartier (jeweler)</span> French luxury goods conglomerate owned by Swiss Richemont Group

Cartier International SNC, or simply Cartier, is a French luxury-goods conglomerate that designs, manufactures, distributes, and sells jewellery, leather goods, watches, sunglasses and eyeglasses. Founded by Louis-François Cartier (1819–1904) in Paris in 1847, the company remained under family control until 1964. The company is headquartered in Paris and is a wholly owned subsidiary of the Swiss Richemont Group. Cartier operates more than 200 stores in 125 countries, with three Temples in Paris, London, and New York City.

<span class="mw-page-title-main">Jubilee Diamond</span> Colourless, cushion-shaped diamond weighing 245.35 carats

The Jubilee Diamond, originally known as the Reitz Diamond is a colourless, cushion-shaped diamond weighing 245.35 carats, making it the sixth largest diamond in the world. It was originally named after Francis William Reitz, the then president of the Orange Free State where the stone was discovered, before being renamed to honour the 60th anniversary of the coronation of Queen Victoria in 1897.

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

Harry Winston was an American jeweler. He donated the Hope Diamond to the Smithsonian Institution in 1958 after owning it for a decade. He also traded the Portuguese Diamond to the Smithsonian in 1963 in exchange for 3,800 carats of small diamonds.

<span class="mw-page-title-main">Tiffany Yellow Diamond</span> One of the largest yellow diamonds ever discovered

The Tiffany Yellow Diamond is one of the largest yellow diamonds ever discovered. Its carat weight was originally 287.42 carats in the rough when discovered in 1878 in the Kimberley mine in South Africa. It was cut into a cushion shape of 128.54 carats with 82 facets—24 more than a traditional round brilliant—to maximize its brilliance. The facet pattern features eight needle-like facets pointing outward from the culet (bottom) facet. Jewelry and diamond historian Herbert Tillander refers to this as a "stellar brilliant cut", and lists the gem in his book, Diamond Cuts in Historic Jewelry – 1381 to 1910 (1995), among other such diamonds: the Cullinan Diamond, the Koh-i-Noor, the Polar Star, the Wittelsbach, and others.

<span class="mw-page-title-main">Diamond (gemstone)</span> Gemstone

Diamond is a gemstone formed by cutting a raw diamond. Diamonds are one of the best-known and most sought-after gems, and they have been used as decorative items since ancient times.

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<span class="mw-page-title-main">Jewels of Elizabeth II</span> Historic collection of British royal jewellery

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<span class="mw-page-title-main">Nassak Diamond</span> 43.38 carats (8.676 g) diamond originated from India

The Nassak Diamond is a large, 43.38 carats (8.676 g) Golconda Diamond that originated as a larger 89-carat diamond in the 15th century in India. Found in the Golconda mine of Kollur and originally cut in India, the diamond was the adornment in the Trimbakeshwar Shiva Temple, near Nashik, in the state of Maharashtra, India from at least 1500 to 1817. The British East India Company captured the diamond through the Third Anglo-Maratha War and sold it to British jewellers Rundell and Bridge in 1818. Rundell and Bridge recut the diamond in 1818, after which it made its way into the handle of the 1st Marquess of Westminster's dress sword.

Graff is a British multinational jeweller based in London. 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.

The Empress Eugénie Diamond is an oval-shaped brilliant diamond, perfectly cut, and weighing 51 carats. It is named for the French empress Eugénie de Montijo, who owned it in the late 19th century. It is currently in the hands of a private collector.

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<span class="mw-page-title-main">Fred Mouawad</span> Lebanese-born entrepreneur (born 1969)

Fred Mouawad is a Lebanese businessman from Zgharta, Lebanon and based in Bangkok, Thailand. He has founded and is the CEO of seven companies. In 2013, Wealth-X named Mouawad the eighth richest diamond owner in the world, with a net worth of $1.1 billion.

<span class="mw-page-title-main">Selim Mouzannar</span> Lebanese jeweler

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<span class="mw-page-title-main">Star of the East (diamond)</span> Large diamond, probably from Ottoman Empire

The "Star of the East" is a 94.78-carat, pear-shaped, D-color stone of VS2 clarity grade. Its exact origin is unknown, but it likely originated from India. The Star of the East diamond was part of the collection of jewels belonging to the Ottoman Sultan, Abdul Hamid II, who ruled between 1876 and 1909. The Star of the East was stolen from Sultan Abdul Hamid II. The exact circumstances under which the diamond came into the possession of the Sultan are not known. Even the origin of the name and at what point in its history it was christened remain a mystery. The diamond was part of the collection of the jewellery-loving Sultan of the Ottoman Empire, Abdulhamid II. It was later acquired by Pierre Cartier, who sold it to Evalyn Walsh McLean. After McLean's death, Harry Winston purchased the diamond together with McLean's entire collection. The diamond's current whereabouts are unknown.

Henry Ho is a jeweler in Thailand and President of the Bangkok Diamond & Precious Stones Exchange.

References

  1. "First look: Johnny Wujek and Pascal Mouawad's jewelry collab". 20 November 2013. Retrieved 20 November 2013.
  2. "Synergia One Group of Companies".
  3. David, Robert Mouawad Website. "David Mouawad" . Retrieved 8 August 2014.
  4. "Mouawad a Story of Excellence - Prestige Magazine". Prestige Magazine. 2017-03-02. Retrieved 2017-03-07.
  5. FredMoauwad, Fred Mouawad Website. "Fred Mouawad" . Retrieved 8 August 2014.
  6. PascalMoauwad, Pascal Mouawad Website. "Pascal Mouawad" . Retrieved 8 August 2014.
  7. 1 2 About Mouawad, Mouawad Company Website. "Our Story" . Retrieved 7 April 2013.
  8. "The Mouawad Magic" . Retrieved 26 March 2012.
  9. "Christies Jewelry Guide" . Retrieved 26 March 2012.
  10. "About Us" . Retrieved 7 April 2013.
  11. "Campus Overview". Gemological Institute of America. Retrieved 7 April 2013.
  12. "A New Cultural Conception" . Retrieved 7 April 2013.
  13. Middle East Media LLC. "Robert Mouawad announces his retirement from the Mouawad Jewellery Group". Archived from the original on 2012-09-10. Retrieved 26 March 2012.
  14. Arab News. "A New Era For Mouawad" . Retrieved 26 March 2012.
  15. "Alain Mouawad new Guardian of Mouawad Watch". saudigazette.com. 30 January 2013. Retrieved 13 April 2023.
  16. Moawad Company Site. "Mouawad Diamond Collection: Indore Pears" . Retrieved 5 April 2012.
  17. Antique Jewelry History. "Queen of Holland" . Retrieved 5 April 2012.
  18. Encyclopædia Britannica. "Jubilee diamond (gem)" . Retrieved 5 April 2012.
  19. Mouawad Diamond Collection. "Jubilee Diamond" . Retrieved 5 April 2012.
  20. "World's most valuable jewellery box valued at $3.5m unveiled in Qatar" . Retrieved 22 February 2017.
  21. "The most valuable necklace in the world ($55M) — the Mouawad L'Incomparable Diamond Necklace" . Retrieved 10 July 2014.
  22. "The most valuable handbag in the world—the Mouawad 1001 Nights Diamond Purse ($3.8M)" . Retrieved 10 July 2014.