A new poinsettia (Euphorbia pulcherrima Willd. Ex Klotzch) cv. ‘Grace’ was bred by the National Institute ofHorticultural and Herbal Science (NIHHS) in 2009. A cross was made between ‘PC-025’ and ‘Ichiban’ in 2006. ‘PC-025’ is aline with curled peach color bracts, and ‘Ichiban’ is a cultivar with early coloring bright red bracts. ‘Grace’ was finally selectedin 2009 after the investigation of the growth and flowering characteristics from 2007 to 2009. ‘Grace’ has peach colored ellipticbracts and weak intensity of rugosity between bract veins. The leaf blade of ‘Grace’ has ovate shape and dark green color. Thepetiole length of ‘Grace’ is medium, and stem color is greenish. ‘Grace’ has strong free-branching ability and short plant height.Bracts and transitional leaves of ‘Grace’ are fully colored 7 weeks after short-day commencement.