gems

Luxury Giants Like Louis Vuitton Are Falling for Big Gems

A handful of huge diamonds has arrived in the world of high jewelry that could alter the entire business.

In January 2020 Louis Vuitton, the world’s most valuable luxury brand, revealed it had bought the second- largest rough diamond ever mined. It bought the 1,758-carat Sewelô for an undisclosed amount in collaboration with Lucara Diamond Corporation, the Canadian company that owns the mine in Botswana where it was discovered, and HB Company, a diamond-manufacturing business in Antwerp, Belgium.

But it turns out the brand’s appetite for great big diamonds was just beginning. In November, it purchased a smaller, but still uncommonly large, rough diamond, the 549-carat Sethunya. Its mining partner Lucara has proved particularly adept at finding such stones. It is at the forefront of using X-ray transmission technology to locate the diamonds before they’re broken into small pieces during the ore processing and has a special Mega Diamond

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Virginia Chadwyck-Healey on the website you need to know for hidden fashion gems

Virginia Chadwyck-Healey Hofmann Copenhagen - Andrew Crowley
Virginia Chadwyck-Healey Hofmann Copenhagen – Andrew Crowley

Well, that was a different sort of maternity leave. It’s been 216 days since my last column, and how life has changed! I wish I could say that this was entirely due to our son, Walter, making his way into the world, but the issue of a global pandemic also features. I admit I feel somewhat sheepish about returning to writing about fashion. It all seems a bit irrelevant, doesn’t it?

And yet, as I looked around the shops on my first visit to London last week, I was reminded of what talent we have in this country. I was also reminded of the vast numbers of people employed by the industry, and that’s just the people and products we see. Behind the scenes, at fashion HQs up and down the country (although more likely working from home currently), there

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