Vancouver company cuts deal with Louis Vuitton on world’s largest uncut diamond

The Sewelo was unearthed at Lucara’s Karowe mine in Botswana in April 2019

Vancouver’s Lucara Diamond Corp. has struck a deal with the luxury house Louis Vuitton to cut and polish the world’s largest uncut diamond, and second largest ever found.

Under the deal, Louis Vuitton and HB Company, a diamond manufacturer in Antwerp, will cut and polish the 1,758-carat Sewelo diamond.

article continues below

Lucara isn’t saying how much the deal will be worth. The company will retain 50 per cent of the diamonds that are cut from the massive Sewelo.

The Sewelo was unearthed at Lucara’s Karowe mine in Botswana in April 2019, bumping a previous find — the 1,109-carat Lesedi La Rona — to third place.

When Lucara unearthed the Lesedi La Rona in 2015, it was the second largest diamond ever recovered. But in April 2019, the Sewelo became the second largest diamond ever unearthed.

The Sewelo is the world’s largest uncut diamond.

In 2017, Lucara sold the Lesedi La Rona diamond to Graff Diamonds for US$53 million.

nbennett@biv.com

@nbennett_biv

Click here for original article.

 

Read Related Topics

Comments

NOTE: To post a comment you must have an account with at least one of the following services: Disqus, Facebook, Twitter, Google+ You may then login using your account credentials for that service. If you do not already have an account you may register a new profile with Disqus by first clicking the "Post as" button and then the link: "Don't have one? Register a new profile".

The Vancouver Courier welcomes your opinions and comments. We do not allow personal attacks, offensive language or unsubstantiated allegations. We reserve the right to edit comments for length, style, legality and taste and reproduce them in print, electronic or otherwise. For further information, please contact the editor or publisher, or see our Terms and Conditions.

comments powered by Disqus

Popular Vancouver Courier

Sign Up For Our e-Newsletter!
Find the Vancouver Courier Newspaper