Louis Vuitton purchases world’s second-biggest diamond, Report

Louis Vuitton purchases world's second-biggest diamond, Report
Louis Vuitton purchases world's second-biggest diamond, Report

Louis Vuitton has purchased the world’s second-largest diamond, a 1,758-carat gem known as the Sewelo diamond.

The Sewelô diamond, which was found in Botswana in April 2019, clocks in at 1,758 carats, second only to the legendary Cullinan diamond.

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In partnership with HB, a Antwerp-based diamond manufactuter, Louis Vuitton will manufacture jewellery from the stone.

Lucara will receive an up front non-material payment for the Sewelô and retain a 50 per cent interest in the individual polished diamonds that result.

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In addition, five per cent of all of the retail sales proceeds generated from this historic collection will be invested directly back into Botswana on community-based initiatives undertaken by Lucara.

Lucara’s chief executive Eira Thomas said: “We are delighted to be partnering with Louis Vuitton, the famous luxury House, to transform the historic 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.”

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