Founded by the Mouawad family in 1890, today Mouawad operates regionally in Lebanon, Qatar, the U.A.E., Bahrain, and Saudi Arabia, and internationally in Hong Kong and the U.K. In December 2022, the Miss Universe Organization unveiled “The Crown Number 12: Force for Good,” crafted by Mouawad. The new crown features pear-shaped blue sapphires surrounded by diamonds and is valued at approximately $5.75 million. The company today is led by the fourth-generation co-guardians and brothers Fred, Alain, and Pascal Mouawad. Billionaire Robert Mouawad had a net worth of $1.5 billion as of July 2023, according to Forbes.