The hull of the vessel was originally built by Sevmash in Russia and later shifted to Bremen in Germany in 2010 end where it has received some modifications. The modifications include a bulbous bow, as well as the addition of a portion of the superstructure. At present, the yacht has been moved to Blohm and Voss Repair shipyard for completion.
Both the interior as well as the exterior of the new yacht have been styled by H2 Design. Accommodation for guests in Graceful will be offered by a total of six luxury cabins.
The vessel is due to be delivered by the end of 2013.
