15 January 2020
Second-Biggest Diamond Ever Will Become Louis Vuitton Jewelry
Bloomberg – The second-biggest diamond in history will be cut, polished and turned into a collection of Louis Vuitton jewelry.
Lucara Diamond Corp., which found the 1,758-carat Sewelo diamond at its Botswana mine last year, said it’s struck a deal with the luxury brand and Antwerp diamond manufacturer HB Company. It’s unclear how valuable the polished diamonds will be though, as Lucara previously said the Sewelo wasn’t a type of diamond that yields top jewelry standard gems.
Lucara will get a “non material” upfront fee and own 50% of the polished diamonds from the Sewelo, which means “rare find” in Tswana, a language spoken in Botswana, and is roughly the size of a tennis ball.
Louis Vuitton has been pushing into fine jewelry since opening a flagship store on Paris’s Place Vendome — the famed district home to Cartier and Boucheron — and since tapping a new head jewelry designer, Francesca Amfitheatrof.