Lucara enters into collaboration with Louis Vuitton to polish the historic 1758 carat Sewelô, Botswana’s biggest diamond
17 January 2020
Lucara Diamond Corp. announced that it has entered into a collaboration with Louis Vuitton ("LV"), the famous luxury House, and the HB Company  ("HB"), a diamond manufacturer from Antwerp, to manufacture its historic 1758 carat Sewelô diamond recovered from Karowe Diamond Mine in Botswana in April 2019. Sewelô, which means “rare find” in Setswana, largest rough diamond ever recovered in Botswana in four years after Lesedi la Rona which was 1,111 carats. According to Lucara, the purpose of the 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.