News Archives

: Category: News Archives; Created: 09 August 2020; Hits: 481

August 09, 20 by John Jeffay

(IDEX Online) - The SewelÃ´ diamond, the second largest rough gem ever found, is in Singapore on a "worldwide tour" before owners Louis Vuitton decide what to do with it.

The 1,758-carat stone, the size of a tennis ball, was discovered in the Karowe mine in Botswana in April 2019, and is the biggest diamond since the 3,106-carat Cullinan was discovered in South Africa in 1905.

The French luxury and fashion house Louis Vuitton bought the SewelÃ´ diamond from miners Lucara Diamond Corporation for an undisclosed sum.

There is speculation that the stone will yield a single ovale diamond of 900 carats or one 300-carat diamond plus multiple satellites of three to five carats. Louis Vuitton is working with Antwerp-based HB Company to decide how it will cut and polish the diamond for optimum yield.

It is on a tour of selected cities including London, Tokyo and Taipei and will return to Paris before a decision is made on the cut.

Michael Burke, chairman and CEO of Louis Vuitton, said: "This rough stone is unique. Unveiling it to a handful of clients is a testament to our daring spirit and our desire to be a major player in jewellery."...

Read more from our friends at IDEX

: Category: News Archives; Created: 07 August 2020; Hits: 443

Is it any wonder that the ultimate international money - Gold - has hit all-time highs in terms of The Fed's debased dollars? Gold has no ties to any politician or central banker. It is a source of independence. More and more people are wanting that kind of independence.

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: Category: News Archives; Created: 07 August 2020; Hits: 411

The coronavirus pandemic has heightened deep-seated inequality in the nation’s housing market.

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: Category: News Archives; Created: 07 August 2020; Hits: 771

The governor of the Bank of England has told Sky News that the idea of negative interest rates has been added to its "toolbox" of possible support measures for the UK economy during the coronavirus crisis.

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: Category: News Archives; Created: 06 August 2020; Hits: 442

Gold and silver are rocketing upwards. Will there be a pullback? Where will the prices go? Join Mike Maloney and Mr Jeff Clark as they discuss all the recent market action, thank you for watching.

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Diamond News Archives

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