Albert Nathan Grafstein is an American businessman best known for his involvement in the diamond and jewelry industry.
He became famous for owning the Grafstein Diamond Company in New York, which became very successful under his leadership.
Albert’s business acumen and connections to New York’s elite contributed to his recognition in the industry.
However, his fame also extended to his personal life due to his marriage to Betty Grafstein, who would inherit his business after his death in 1991.
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- Full name: Albert Nathan Grafstein
- Date of birth: October 16, 1909
- Age as of 2024: Not applicable (died in 1991)
- Gender: Male
- Place of birth: Antwerp, Belgium
- Nationality: American
- Occupation: Diamond merchant, Businessman
- Parents: Joseph Gershem Grafstein, Sarah Grünberg Grafstein
- Siblings: Max Grafstein, Sylvia Grafstein
- Spouse: Betty Grafstein
- Children: Roger Grafstein
- Relationship status: Dead
- Religion: Jewish
- Ethnicity: Jewish
- Net worth: 50 million USD
Early life and education
Albert Grafstein, posthumously aged 115 as of 2024, was born on October 16, 1909 in Antwerp, Belgium, to Joseph and Sarah Grafstein, of Russian descent.
His family eventually moved to the United States, settling in New York, where Albert made a name for himself in the diamond trade. There is no information about his early education, but with his successful career in the diamond industry,
he may have received some form of professional training or mentoring in business. His Jewish heritage played an important role in his upbringing and he was part of the New York Jewish community.
Personal life
Albert Grafstein married Betty Grafstein in the 1960s, forming a strong partnership in business and personal life. They had one son, Roger Grafstein, who eventually took over the family business after Albert’s death.
Betty and Albert were deeply involved in the diamond industry and their relationship helped cement their positions among New York’s elite. Albert passed away on June 29, 1991, leaving his family with a thriving business. After his death, Betty remarried in 1996 to Portuguese socialite José Castelo Branco, which further increased her public profile.
Career
Albert Grafstein owns the Grafstein Diamond Company, a famous jewelry design company based in New York. He built the company into a well-known name in the industry, working with famous clients and producing luxury items that attracted worldwide attention.
After his death, the company was inherited by his wife Betty, who with their son Roger continued to run the business. Under his leadership, the company became a staple in the New York diamond market, known for its exquisite craftsmanship and exclusive clientele.
Net worth
Given his success in the diamond industry and ownership of the Grafstein Diamond Company, Albert Grafstein’s net worth at the time of his death was believed to be around $50 million.
The assets he accumulated through his business were passed on to his family, allowing them to maintain the company and continue operations under the leadership of his son Roger. By 2024, the business will remain integral to the family legacy.
Death
Albert Grafstein died on June 29, 1991 in New York, United States. The cause of his death has not been publicly revealed but he was 81 years old at the time of his death. His death marked a turning point for the family business, as his wife and son took over the business and ensured its continuity.
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