Another gift idea for the graduate is a devotional book. There are many available with a faux leather binding from authors old and new.
For those looking for something classic, how about The Cheque Book of the Bank of Faith or Morning and Evening by Charles Spurgeon. Or Streams in the Desert by L. B. Cowman (updated by Jim Relmann). Lesser known, but still classic would be Daily Readings authors such as Matthew Henry, J. C. Ryle, George Whitefield, or Daily Readings from the Puritans.
For those interested in more contemporary devotional readings, two choices would be The Quiet Place by Nancy Leigh DeMoss and a deluxe hardcover edition of New Morning Mercies by Paul David Tripp.
And also there is Her-Story: 366 Devotions from 21 Centuries of the Christian Church available in deluxe hardcover which brings together writings from women past and present.
These and many more are on the website at Grace Books in the devotional category.