A graphene preparing apparatus for exfoliating graphite includes a high-pressure water pump for generating a high-pressure flow of water, a waterjet nozzle for receiving the water and for generating a pulsed or cavitating waterjet, a graphite supply vessel having a supply duct for supplying graphite powder, an exfoliation chamber that has a first inlet for receiving the waterjet and a second inlet for receiving the graphite powder, an outlet through which a graphite slurry is expelled from the exfoliation chamber, a filtering unit downstream of the exfoliation chamber for separating graphene from the slurry and a graphene collection tank for collecting the graphene.