Lorraine Schwartz Net Worth

Lorraine Schwartz net worth
Lorraine Schwartz in middle
Net Worth$50 million
ProfessionJewelry Designer
Height1.68
Age57 years
NationalityAmerican

We bring you Lorraine Schwartz net worth. Read the complete write-up of Lorraine Schwartz net worth, her assets and Liabilities, biography and other information you need to know.

Introduction

Lorraine Schwartz is an American  high jewelry designer. She has designed jewelries for a host of famous female celebrities including Beyoncé, Blake Lively and Kim Kardashian.

Early Life

Lorraine Schwartz who real name is Lorraine Sandberg was born and raised in New York with her Sister Ofira who is also into Jewels. Lorraine Schwartz age is 57 years. Lorraine was married to Schwartz. In 2018, She celebrated her birthday and in attendance was top celebrities like Usher, Rita Ora. She started designing jewelries at a young age.

 

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She is responsible for some of the most iconic jewelry moments of the 21st Century, Lorraine Schwartz is an American high jewelry designer and third-generation diamond dealer whose pieces have adorned some of the world’s most influential individuals – from royalty, to industry icons, and A-list celebrities.

In 2009, Angelina Jolie showed up at the Oscars wearing a pair of emerald earrings designed by Lorraine Schwartz which cost $2.5 million.

Schwartz states that in 2002, Halle Berry wore her jewellery on the red carpet. Since, she has designed for celebrities such as Kelly Rowland, Beyoncé Knowles, Jennifer Lopez and Cate Blanchett. For ESPN The Magazine, she made a “30-carat, diamond-and-ruby logo” for their 10th anniversary baseball caps. She was also involved in the “Art for Life” gala in 2007, which was led by Russell Simmons and his ex-wife, Kimora Lee Simmons.

In the 2006 Beyoncé song, “Upgrade U”, Lorraine Schwartz is mentioned. Kim Kardashian wears a 15-carat diamond engagement ring by Schwartz, given to her by her now husband, Kanye West.

Lorraine Mother

 

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 Her mother mother is Shulamit Benjamini Sandberg. She died of cancer which was the reason In 2009, she created the Shulamit Benjamini Sandberg Medical Research Grant, which supports a physician with $225,000 to last over three years for cancer research. It was created “in honor of her late mother”.

Other Business Endeavors

 

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 On January 25 2021, she and The Natural Diamond Council (NDC) announced the start of their Emerging Designers Diamond Initiative–a program created to increase inclusivity within the fine jewelry space.

BIPOC jewelry designers will showcase their work to an esteemed committee of judges including Lorraine Schwartz; NDC CEO, David Kellie; Fashion Director of Vanity Fair, Nicole Chapoteau; and Celebrity Stylist, Jason Rembert. Kelly Rowland, Tina Knowles, and Pharrell Williams will also serve as honorary advisors and provide their expert opinions throughout the program.

Celebrity Clients

  • For their 2007 engagement, Jay Z gave Beyoncé a jaw dropping 18-carat, emerald-cut, diamond solitaire Schwartz ring. The cost? An estimated $5 million.
  • Kanye West reportedly spent $8 million dollars on his first engagement ring to Kim Kardashian back in 2013. Lorraine Schwartz created a gorgeous 15-carat, cushion cut diamond ring for the pair.
  • NHL player, Brooks Laich, tapped Lorraine Schwartz to help create a flawless, 5-carat, oval cut ring for Julianne Hough in 2015.
  • Ryan Reynolds proposed to Blake Lively with a spectacular 12-carat, light pink, oval diamond ring. Schwartz and Reynolds worked together to design this one of a kind, $2 million show-stopper.
  • Though Lady Gaga and Taylor Kinney ended their engagement in 2016, we must acknowledge the 6-carat, heart shaped Lorraine Schwartz diamond ring he donned to the pop star.
  • Prince Harry relied on the expertise of Lorraine Schwartz to help create a breathtaking eternity ring–a gift to Markle for their wedding anniversary back in 2019.

How much is Lorraine Schwartz Net Worth?

Lorraine Schwartz net worth is estimated to be around $50 million. She has sold over $30 million worth of jewels to top celebrities worldwide. Her major source of income is generated from sales and designs of Jewelry. Lorraine Schwartz is one of the famous Jewelry designers in the world.

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