Tuesday 21st January 2020

Luxury Goods Company LVMH Acquires Second-Largest Diamond in History to Create Fine Jewelry

In April 2019, one of the largest diamonds in recorded history was uncovered in Botswana at the Karowe mine owned by the Canadian mining company Lucara Diamond Corporation. Dubbed the Sewelô diamond, which means “rare find” in the language Tswana, this huge diamond is roughly the size of a tennis ball. The same mine produced two fancy color diamonds in the last 12 months – including a rare pink one. 

LVMH recently acquired the enormous diamond, which is 1,758 carats, black in its rough form, weighs in at close to 352 grams (12.4 ounces), and measures 83mm x 62mm x 46mm. Experts have characterized the diamond as near gem of variable quality, with an analysis revealing domains of higher-quality white gem. The size of this historic diamond is second only to the famous 3,106-carat Cullinan diamond, found in South Africa in 1905.

Lucara CEO Eira Thomas said in a press release: “We are delighted to be partnering with Louis Vuitton, the famous luxury House, to transform the historic, 1,758 carat Sewelô, Botswana’s largest diamond, into a collection of fine jewellery that will commemorate this extraordinary discovery and contribute direct benefits to our local communities of interest in Botswana.”

 

Photo Credit: Louis Vuitton

 

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