OREANDA-NEWSThe French brand Louis Vuitton, part of the LVMH group of companies (Louis Vuitton Moet Hennessy), acquired the second largest diamond in the world, found in this century, weighing 1,758 carats. This was announced on Thursday by Lucara, which mined it in April last year in Botswana. The transaction amount isn't disclosed.

According to the report, the diamond is planned to be divided into several parts and cut them, and Lucara will receive a 50% share of sales of the received diamonds. A mining company plans to invest 5% of revenues in the implementation of socially significant programs in Botswana.

LVMH includes large jewelry brands Bulgari, bought by the group in 2011 for $ 5.2 billion, and Tiffany, bought in 2019 for $ 16.2 billion.