2006 Profit Track 100
Rank: 84 Graff
Cuts and polishes diamonds worn by celebrities such as Oprah Winfrey
This company's operation is as polished as the 137-carat diamonds it sets. Buying raw gemstones direct from mines, it cuts and polishes them in its five factories worldwide, and creates handmade jewellery at its London workshop. Chairman Laurence Graff started out as a jewellery apprentice in London in the 1950s and is now estimated to be worth about £750m. Foreign expansion, including new stores in America and franchises in east Europe and the Middle East, have increased the company's profits 55% a year from £7.8m in 2001 to £29.1m in 2004.
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This company's operation is as polished as the 137-carat diamonds it sets. Buying raw gemstones direct from mines, it cuts and polishes them in its five factories worldwide, and creates handmade jewellery at its London workshop. Chairman Laurence Graff started out as a jewellery apprentice in London in the 1950s and is now estimated to be worth about £750m. Foreign expansion, including new stores in America and franchises in east Europe and the Middle East, have increased the company's profits 55% a year from £7.8m in 2001 to £29.1m in 2004.
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Company facts
Graff
Jeweller
Company website
| Profit growth | 55.37% pa |
| 2004 profit | £29.1m |
| 2001 profit | £7.8m |
| 2004 staff | 80 |
| Founded | 1973 |
| Location of HQ | Central London |
| If applicable: * = annualised figures ‡ = draft accounts |
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