Louis Vuitton Buys World's Second-Largest Diamond

Source New York Times

Louis Vuitton as of late obtained the world's second-biggest precious stone, flagging the French design house's enthusiasm for the top of the line gems showcase. The 1,758 unpleasant precious stone was initially recouped by Lucara Diamond Corp last April in Botswana. The palm-sized stone has been nicknamed "Sewelo" or "uncommon find" in the southern African Tswana language.

Lucara and Louis Vuitton presently can't seem to place a cost on the precious stone, having communicated that the stone's "maximum capacity" might be uncovered after it has been cleaned. "The reason for this extraordinary coordinated effort between a digger, a bleeding edge maker and an enormous extravagance brand will be the arranging, cutting and cleaning of an assortment of precious stones from Sewelô," according to squeeze articulation.

Louis Vuitton's acquisition of the precious stone is only the most recent in a string of ongoing acquisitions by its parent organization, LVMH that as of now possesses Italian adornments brand Bulgari and watchmakers TAG Heuer and Hublot. Also, it procured the notable New York gem specialist Tiffany and Co. for more than $16 billion back in November.


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