Lucara, Louis Vuitton, HB Antwerk ink collaboration agreement for ‘Sethunya’ diamond
Canadian diamond miner Lucara Diamonds, luxury goods house Louis Vuitton and European diamond manufacturing and technology company HB Antwerp, have entered into an agreement to collaborate on the planning, cutting and polishing of a 549 ct white gem diamond.
The white gem diamond, referred to as “Sethunya”, which means flower in Setswana, was recovered unbroken from direct milling of ore sourced from the EM/PK(S) unit of the South Lobe of Lucara’s wholly-owned Botswana-based Karowe mine, in February.
Under the arrangement, the parties will collaborate and plan the creation of the highest-value polished diamonds from the 549 ct rough diamond. The polished diamonds will be made available to Louis Vuitton exclusively.
Lucara will be paid a purchase price based on the estimated polished outcome, determined by HB's state-of-the-art scanning and planning technologies, with a true up paid on the actual achieved polished sales thereafter, less a fee and the cost of manufacturing.
Lucara will receive the purchase price based on the polished outcome no later than the fourth quarter of 2021.
In line with its long tradition of personalisation, Louis Vuitton says it envisages crafting beautiful, bespoke high-value polished diamonds of variable size and shape fashioned from this rare specimen to the client's wishes: the ultimate personalised high jewellery experience and the opportunity to create a truly unique gem, a storied family heirloom.
“In this way, the client will be involved in the creative process of plotting, cutting, polishing, and becoming part of the story that the stone will carry with it into history,” it notes.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation