Albert Nathan Grafstein was an American businessman known for his involvement in the diamond and jewelry industry.
He gained prominence by owning the Grafstein Diamond Company in New York, which became highly successful under his leadership.
Albert‘s business acumen and connections to New York’s elite circles contributed to his recognition within the industry.
However, his fame also extended to his personal life due to his marriage to Betty Grafstein, who would later inherit his business after he died in 1991.
Profile
- Full name: Albert Nathan Grafstein
- Date of birth: October 16, 1909
- Age as of 2024: N/A (passed away in 1991)
- Gender: Male
- Place of birth: Antwerp, Belgium
- Nationality: American
- Profession: Diamond dealer, Businessman
- Parents: Joseph Gershem Grafstein, Sarah Grünberg Grafstein
- Siblings: Max Grafstein, Sylvia Grafstein
- Spouse: Betty Grafstein
- Children: Roger Grafstein
- Relationship status: Deceased
- Religion: Jewish
- Ethnicity: Jewish
- Net worth: $50 million
Early Life and Education
Albert Grafstein, posthumously at the age of 115 as of 2024, was born on October 16, 1909, in Antwerp, Belgium, to Joseph and Sarah Grafstein, originally from Russia.
His family eventually relocated to the United States, settling in New York, where Albert would make a name for himself in the diamond trade. Information about his early education is not available, but given his successful career in the diamond industry,
he likely received some form of specialized training or mentorship in business. His Jewish heritage played a significant role in his upbringing, and he was part of the Jewish community in New York.
Personal Life
Albert Grafstein married Betty Grafstein in the 1960s, forming a potent 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 solidify their position within elite circles in New York. Albert passed away on June 29, 1991, leaving his family a thriving business. After his death, Betty remarried in 1996 to Portuguese socialite José Castelo Branco, further adding to her public profile.
Career
Albert Grafstein owned the Grafstein Diamond Company, a renowned jewelry design firm based in New York. He built the company into a well-known name in the industry, working with high-profile clients and producing luxury pieces that attracted attention worldwide.
After his passing, the company was inherited by his wife Betty, who, along 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 passing is presumed to have been around $50 million.
The wealth he accumulated through his business was passed on to his family, allowing them to maintain the company and continue its operations under the leadership of his son Roger. By 2024, the business will remain integral to the family’s legacy.
Death
Albert Grafstein died on June 29, 1991, in New York, United States. The cause of his death has not been publicly disclosed, but he was 81 years old at the time of his passing. His death marked a turning point for the family business, with his wife and son taking over its operations and ensuring its continuity.
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