His jewelry store invested millions of dollars to purchase some of the most stunning gemstones in the world and gain international recognition.
Robert Mouawad is responsible for the fame of the Mouawad Jewelry in the global luxury market. His firm is responsible for the diamond necklace Mouawad L’Incomparablewhich broke records for the most expensive necklace in the world. It was sold to 52 million euros in 2013 and his milestone remains in the Guinness Book.
This product is the culminating piece of the jeweler’s plan to position your brand in Asia, Europe and North America. The necklace was a 407-carat yellow diamond that was cut to be the center of attention of ostentatious jewelry, which is complemented by 90 white diamonds around the neck. The combinations of all its other gemstones gave a total of 229 carats.
The jewel with a yellowish appearance or with brown tones was classified in 1984 as perfect in the Democratic Republic of the Congo, when it was called Zaire. It was lost for years because it was discarded by mistake despite being a 180 gram and 890 carat diamond. It was found by a girl who was looking for elements of value among the mining waste. Later, the diamond reduced its carats through the cutting process.
The story of Robert Mouawad and the family business that became a multi-million dollar empire
The billionaire was the third heir of the Mouawad family to run the business his grandfather had founded in Saudi Arabia. His father had turned the family business into a success in his native Saudi Arabia, but Robert sought new horizons and expanded beyond the jewelry stores in Jeddah and their possible businesses in Geneva. To do this, he sought to perfect the family legacy and complement it with exhaustive research on art, crafts and cutting-edge technologies.
The Arab also stood out for the investments he made to improve the quality of the precious stones in his articles. This became famous at auctions for taking risks at a time when other bettors were afraid to buy. This was possible with some of the largest diamonds in the world, with low valuations. With them I design some of the most impressive jewelry in the world.
The person responsible for the world-renowned jewelry business is also betting on luxury real estate investments with his firm Robert Mouawad Group. His conglomerate has investments in some of the best hotels in the world. The characteristic that unites all of them is the approach that the Arab makes about the beauty and luxury that his possessions must have.
How much is Robert Mouawad’s fortune, according to Forbes
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Special Madame Figaro Arabia
The previous CEO of the Mouawad jewelry store left his position in 2010 so that his sons Fred, Pascal and Alain take the reins of the company. Robert Mouawad allows himself to enjoy his retirement in luxury with his yachts and private planes. The Arab is also responsible for the private art museum that bears his name. All this can be possible thanks to his assets of 150,000 million dollarsaccording to Forbes magazine.
Source: Ambito
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