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Lucara Announces Second Collaboration Agreement with Louis Vuitton, and HB Antwerp for the Exceptional, 549 Carat White Gem Diamond "Sethunya"
Lucara Announces Second Collaboration Agreement with Louis Vuitton, and HB Antwerp for th...
About this update from Lucara Diamond Corp.
[{"type":"text","content":"\n \n \n \n Lucara Announces Second Collaboration Agreement with Louis Vuitton, and HB Antwerp for the Exceptional, 549 Carat White Gem Diamond \"Sethunya\"\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n VANCOUVER, BC, Nov. 4, 2020\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Nov. 4, 2020\n \n /CNW/ - (TSX: LUC) (BSE: LUC) (Nasdaq Stockholm: LUC) Lucara Diamond Corp. (\"Lucara\" or the \"Company\") is pleased to announce that it has entered into an agreement with\n \n Louis Vuitton\n \n , the famous luxury goods House and HB Antwerp (\"HB\"), a European diamond manufacturing and technology company, for the purpose of collaborating on the planning, cutting and polishing of the exceptional, 549 carat white gem diamond referred to as \"Sethunya\" meaning \"Flower\" in Setswana. Sethunya was recovered unbroken from direct milling of ore sourced from the EM/PK(S) unit of the South Lobe of Lucara's 100% owned Karowe Mine in\n \n February 2020\n \n \n (image attached\n \n ). This agreement builds on the collaboration, announced in January, with\n \n Louis Vuitton\n \n and HB on the historic 1,758 carat Sewelô,\n \n Botswana's\n \n largest diamond, recovered from Karowe last year (see Lucara Press Releases\n \n \n January 15, 2020\n \n \n , and\n \n \n February 5, 2020\n \n \n ).\n \n Please view PDF version\n \n .\n \n \n \n \n \n \n \n \n \n \n Lucara's 549 carat rough diamond. Photo credit:\n \n Philippe Lacombe\n \n , courtesy of\n \n Louis Vuitton\n \n \n \n \n Under the arrangement between Lucara,\n \n Louis Vuitton\n \n , and HB, the parties will collaborate and plan the creation of the highest value polished diamonds from the 549 carat rough, which will be made available to\n \n Louis Vuitton\n \n exclusively. Lucara will be paid a purchase price based on the estimated polished outcome, determined by HB's state of the art scanning and planning technologies, with a true up paid on the actual achieved polished sales thereafter, less a fee and the cost of manufacturing. Lucara will receive the purchase price based on the polished...