World's Second-Biggest Diamond in History Bought by Louis Vuitton

Louis Vuitton to Turn Second-Biggest Diamond Ever Into Jewelry

LUCARA Diamond Corporation's 1,758 carat diamond Sewelô, recovered at its Karowe operation in Botswana, would be cut, polished and turned into a collection of Louis Vuitton jewellery, the Toronto-listed company announced.

Louis Vuitton has bought the world's second-largest diamond - 1, 758-carat gem - known as the Sewelo diamond.

Louis Vuitton Moët Hennessy has taken a gamble with the 1758 carat stone that is covered with carbon and looks like a lump of coal.

Lucara believes the full potential of this special diamond will only be revealed once polished.

This baseball-sized stone is the second largest-ever rough diamond.

Found in a Botswana mine past year it boasts 1,758-carat.

In 2017, Lucara sold the Lesedi La Rona diamond to Graff Diamonds for US$53 million. These two gems were both much more valuable Type IIa stones.

The biggest diamond discovered is the 3,106-carat Cullinan, found near Pretoria in South Africa in 1905.

Louis Vuitton's decision to buy the diamond "signals the house's growing ambitions in high-end jewellery", the Financial Times reports.

Bernard Arnault, chairman and chief executive of Louis Vuitton's owner LVMH, bagged iconic United States jeweller Tiffany in a £12billion deal past year. Designer Marc Jacobs created the brand's first piece, a $20,000 charm bracelet featuring diamond-studded planes, in 2001.

In April 2019, Lucara Diamond Corp. found the gem in Botswana at the Karowe mine, naming it Sewelo - which translates to "rare find" in Tswana, one of the languages spoken in Botswana - according to Bloomberg.



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