The second largest diamond cut ever has been discovered and it’ll be a Louise Vuitton collection, says Bloomberg Business.
Bloomberg Business has reported that the second biggest cut of diamond will be cut and polished into a Louis Vuitton Collection.
Bloomberg reports that this diamond cut is the size of a tennis 🎾 court ball.
It is not yet clear how much this diamond would go for if it were to be sold to a private collector.
The diamond is said to be a 1,758-carat Sewelo diamond, a rare species. Lucara found the diamond in its Botswana mine in 2019.
Lucara cut a deal with Louis Vuitton and Antwerp diamond manufacturer, HB Company.
Louis Vuitton paid Lucara an upfront “non-material” fee, and would cut the brand (Lucara) a 50% stake in the diamond.
This deal is an effort by Louis Vuitton to push into the fine jewelry market.
To get an idea of how much this diamond find will be valued at, a 1,109-carat diamond Lucara found in 2015 later sold for $53 million.