The World of Residensea, the world's first luxury community at sea, has chosen House of Graff Jewelers as its exclusive onboard jeweler. Laurence Graff, purveyor and founder of Graff Jewelers, is considered a leader in the world of diamonds and precious gems. All of Graff's jewelry is made by hand. The World, which will be delivered in December 2001, will have 110 luxury residences ranging in price from $2 million to nearly $7 million. The ship will circumnavigate the globe approximately once a year "in pursuit of fair weather and life enrichment activities, including Carnival in Rio, the Cannes Film Festival, the British Open in Edinburgh, the 55th Annual Sydney to Hobart Yacht Race, and Monaco's Grand Prix."