Romancing the stone: Louis Vuitton shows off huge rough diamond

The biggest rough diamond discovered in over a century was shown to private clients Tuesday by French luxury handbag-maker Louis Vuitton, which acquired the 1,758-carat gem to make a big splash in the high-end jewellery market. Canadian mining company Lucara Diamond, which recovered the stone, last week announced a deal with Louis Vuitton and the Antwerp-based diamond manufacturer HB Company to have it carved up and polished. Louis Vuitton, part of the LVMH luxury conglomerate, created surprise in the jewellery sector by pipping high-end houses such as Cartier and Graff to acquire the bragging rights to what could be the diamond deal of the century.

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