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Article: De Grisogono

De Grisogono

Ownership Changes and Partnerships

  • In 2012, Gruosi gave up majority ownership in De Grisogono.
  • The majority ownership was taken over by investors centered around Isabel dos Santos, daughter of Angolan dictator José Eduardo dos Santos.
  • Dos Santos routed millions of dollars through shell companies in Malta and the British Virgin Islands.
  • In 2017, De Grisogono entered into a new partnership with former Leviev executives David and Lisa Klein.
  • The company was bought by the Damac Group of Dubai in 2022.

Record-breaking Sales and Achievements

  • In 2017, the necklace 'Creation I' by De Grisogono was sold for nearly Dh125 million in Christie's sale.
  • De Grisogono set a new record at Christie's Magnificent Jewels sale in Geneva in 2017 by selling the world's biggest-ever emerald cut diamond offered at auction.
  • The 163.41-carat D Flawless diamond, incorporated into a necklace designed by Fawaz Gruosi, fetched 33.5 million Swiss francs.
  • The sale beat the previous record for a D Flawless diamond by nearly five million Swiss francs.
  • De Grisogono's achievements in sales and design have been widely recognized in the industry.

Involvement in Luanda Leaks Investigation

  • In January 2020, De Grisogono was named in the Luanda Leaks investigation by the International Consortium of Investigative Journalists.
  • The investigation revealed De Grisogono's involvement in the business empire of Angolan Isabel dos Santos.
  • As a result, De Grisogono filed for bankruptcy on 29 January 2020.
  • The Luanda Leaks investigation brought attention to the alleged corruption and financial misconduct surrounding De Grisogono.
  • The bankruptcy marked a significant downfall for the company.

Notable Products and Achievements

  • De Grisogono's 'Spirit of de Grisogono Diamond' is a famous and highly valuable gemstone.
  • The company has been known for its innovative and glamorous designs.
  • De Grisogono has received international recognition and acclaim for its jewelry creations.
  • The brand has a reputation for using high-quality materials and exquisite craftsmanship.
  • De Grisogono's products have attracted wealthy clients and collectors worldwide.

Related Topics and References

  • De Grisogono has been mentioned in various articles and publications, including The New York Times and Forbes.
  • The company has been the subject of media coverage due to its ownership changes and involvement in scandals.
  • The acquisition of De Grisogono by the Damac Group of Dubai has been widely reported.
  • The company's bankruptcy and subsequent acquisition have raised questions about its future.
  • De Grisogono's story and controversies have sparked interest and discussion in the jewelry industry.

De Grisogono Data Sources

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