Lucara Diamond Corp has entered into a collaboration with luxury fashion house Louis Vuitton and Antwerp-based diamond manufacturer HB Company, to manufacture its historic, record setting, 1 758 carat Sewelô diamond recovered from its 100% owned Karowe diamond mine in Botswana in April 2019.
Sewelô, which means "rare find" in Setswana, is the second, +1 000 carat diamond recovered from Karowe in four years and the largest ever recovered in Botswana.
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The diamond has been characterised as near gem of variable quality, with recent analysis confirming that it also includes domains of higher-quality white gem.
Lucara believes that the full potential of this special stone will only be revealed once polished. The purpose of this unprecedented collaboration between a miner, a cutting edge manufacturer and a large luxury brand will be the planning, cutting and polishing of a collection of diamonds from Sewelô.
Lucara will receive an up front non-material payment for the Sewelô and retain a 50% interest in the individual polished diamonds that result.
Further, 5% 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.
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"We are delighted to be partnering with Louis Vuitton 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,” says Lucara Diamond Corp CEO Eira Thomas.