Louis Vuitton made a splash as it showcased its latest purchase on Tuesday (January 21): the world's second-biggest rough diamond.
The company has not said how much it paid for the diamond.
The size of a tennis ball and covered in carbon, it was discovered in Botswana last year and will be cut into gems. Its name, Sewelo, means "rare find" in Setswana, and the stone will be turned into a collection of fine jewelry, according to Lucara, a Canada-based diamond mining company which is partnering with Vuitton and an Antwerp-based manufacturer to produce the gems, and which owns the mine where it was found.
The largest diamond was the 3,106-carat Cullinan diamond, discovered in South Africa in 1905, which yielded high-quality stones.
Japanese designer Kenzo Takada died in Paris on Sunday due to COVID-19-related complications. He was 81. Famous for his international luxury fashion house Kenzo, he inaugurated his flagship store in Paris' Place des Victoires in 1976. A native of Himeji, Japan, over the next thirty years, Takada launched a perfume empire, and, in 1993, sold his brand to luxury conglomerate LVMH. In 1999, he retired to pursue other creative pursuits. In January of 2020, he launched his K-3 brand.
France's LVMH faces an uphill battle in walking away from its $16 billion deal to buy U.S. jeweler Tiffany, with legal experts noting most mergers which end up in court are renegotiated rather than dissolved. Fred Katayama reports.
Luxury goods group LVMH said on Thursday it would counter-sue Tiffany, accusing it of mismanagement through the coronavirus crisis after the U.S. jeweler accused the French group of trying to bow out of a $16 billion acquisition deal. This report produced by Yahaira Jacquez.
The travel costs for the Duke and Duchess of Sussex’s high-profile family tourto southern Africa cost the taxpayer nearly £246,000, new accounts show. Harryand Meghan took their then four-month-old baby son Archie Mountbatten-Windsorto South Africa in September last year on his first royal overseas trip, withthe duke also travelling solo to Angola, Malawi and Botswana.
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The Debswana joint venture provides 70% of Botswana's foreign exchange and 90% of diamond company De Beers' sales - but restrictions to contain the spread of the new coronavirus have delayed the renewal of a vital sales agreement. Okwi Okoh reports.
Diamond traders in Dubai say they have been inundated with enquiries from Israelis, who traditionally do their business in Belgium's Antwerp -- the world's biggest centre for traders of rough and polished diamonds. Last month the UAE and Bahrain signed agreements to normalize ties with Israel. Adam Reed reports.
A massive haul of Class A drugs has been stopped from hitting UK streets afteran international operation led by the National Crime Agency. More than a tonneof Class A drugs – 1,196kg of heroin and morphine derivatives – were recoveredfrom container ship the Sembawang after it docked at the port of Felixstowe.National Crime Agency investigators developed intelligence and knew the drugswould be on the vessel when it docked in the UK en route to Antwerp.
Credit: PA - Press Association STUDIO Duration: 00:52Published