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Sir Michael, with his wife Lady Christine, founded and grew Michael Hill from its humble beginnings in Whangārei, New Zealand to a global retail jewellery brand.

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Jewellery business leader Sir Michael Hill, founder and non-executive director of the Michael Hill jewellery brand, has died at the age of 86.

“Sir Michael Hill has passed away today, survived by his wife Lady Christine and his two children,” a statement posted on the NZX on Tuesday said.

Michael Hill International confirmed the news in a business update, saying the board, the executive and the full Michael Hill team expressed their deepest condolences to Hill’s family and friends.

“Sir Michael was a celebrated jeweller, entrepreneur, philanthropist and committed father and husband who, with his wife Lady Christine, founded and grew Michael Hill from its humble beginnings in Whangārei, New Zealand to a global retail jewellery brand that spans Australia, New Zealand and Canada,” the statement said.

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