You wouldn't have the last switch linked back up to the light fitting. The 3 core between the switches is all that's required. You take the brown from the light, tie it up to the brown of the 3 core (usually in connector, i do it to L1 and saves on the connection, but thats another ball game) which then goes on to the common of the right hand side switch. The black and the grey go in to L1/L2 on both switches and the blue (Sheathed brown) goes back up to the light switch.
Generally take the brown as common/perm live and your blacks and greys are usually your pass wires. Just depends on who your working with.
What you've shown is the loop-in method at lights, it can also be done at switches(Which is better). There is also the junction box method, which is everything back to a central point.