Thursday, July 7, 2022
  • Login
Upgrade
The Southern African Times
  • Home
  • Southern Africa
  • Global
  • Business
    • African Start ups
    • African Continental Free Trade Area
  • Tech
  • Opinion
  • Sports
  • Lifestyle
    • Health
    • Culture
    • Food and Drink
    • Entertainment
  • SAT Jobs
No Result
View All Result
  • Home
  • Southern Africa
  • Global
  • Business
    • African Start ups
    • African Continental Free Trade Area
  • Tech
  • Opinion
  • Sports
  • Lifestyle
    • Health
    • Culture
    • Food and Drink
    • Entertainment
  • SAT Jobs
No Result
View All Result
The Southern African Times
No Result
View All Result
Home in Southern Africa Botswana

Botswana’s 549-carat white diamond sold to Louis Vuitton, HB Antwerp

by SAT Reporter
November 6, 2020
in Botswana, Business, in Southern Africa
0
Botswana’s 549-carat white diamond sold to Louis Vuitton, HB Antwerp
0
VIEWS

GABORONE, (The Southern African Times)-Canadian Diamond company Lucara has sold its exceptional 549-carat white gem diamond mined at its Karowe Mine in Botswana to Louis Vuitton and HB Antwerp on Thursday.

Lucara announced the deal in a communique to shareholders issued on the Botswana Stock Exchange Thursday. The diamond, dubbed “Sethunya,” was recovered unbroken from the direct milling of ore sourced from Karowe Mine in February 2020.

Lucara’s deal with Louis Vuitton and HB Antwerp builds on the initial collaboration announced in January for a historic 1,758-carat Sewelo, Botswana’s largest diamond, recovered from Karowe last year.

Under the arrangement, the three parties will collaborate and plan the creation of a rough diamond, which will be made available exclusively to Louis Vuitton.

Lucara will be paid a purchase price based on the estimated polished outcome, determined by HB’s scanning and planning technologies, with a true up payment on the actual achieved polished sales thereafter, less a fee and the cost of manufacturing. 

Previous Post

UK bolsters economic support as England goes into lockdown

Next Post

Understanding The US 2020 Elections: Impact of a New Electoral System

SAT Reporter

Related Posts

Namibia to see more mines reopening amid rising uranium prices

Namibia to see more mines reopening amid rising uranium prices

by SAT Reporter
July 6, 2022
South Africa’s power utility, trade unions reach agreement on wage talks
South Africa

South Africa’s power utility, trade unions reach agreement on wage talks

by SAT Reporter
July 6, 2022
Invest more in Africa—Akinwumi Adesina urges keen Irish business community
Business

Invest more in Africa—Akinwumi Adesina urges keen Irish business community

by SAT Reporter
July 6, 2022
JPMorgan warns oil prices could surge 240%
Business

JPMorgan warns oil prices could surge 240%

by SAT Reporter
July 4, 2022
Tanzania’s largest trade fair opens with 22 foreign countries participating
Tanzania

Tanzania’s largest trade fair opens with 22 foreign countries participating

by SAT Reporter
July 4, 2022
Next Post
Understanding The US 2020 Elections: Impact of a New Electoral System

Understanding The US 2020 Elections: Impact of a New Electoral System

Premium Content

Chinese Ambassador rubbishes US probe into Covid-19 origins

Chinese Ambassador rubbishes US probe into Covid-19 origins

August 30, 2021
FIFA tours Africa, aims to hold sway in soccer election

FIFA tours Africa, aims to hold sway in soccer election

March 5, 2021
Making green financing a reality

Making green financing a reality

November 24, 2021

Browse by Category

  • African Continental Free Trade Area
  • African Start ups
  • Algeria
  • Analysis
  • Angola
  • Asia
  • BOTSWANA
  • Botswana
  • Burkina Faso
  • Burundi
  • Business
  • Business
  • Cameroon
  • Central Africa
  • China
  • Climate Change
  • Climate Changev
  • Congo Republic
  • COVID 19
  • Culture
  • Democratic Republic of Congo
  • Eastern Africa
  • Egypt
  • Entertainment
  • Environment
  • Ethiopia
  • Europe
  • Fashion
  • Finance
  • Food
  • Food and Drink
  • Foods
  • Ghana
  • Global
  • Guinea
  • Health
  • Immigration
  • in Southern Africa
  • International news
  • Just In
  • Kenya
  • Lesotho
  • Libya
  • Life Style
  • Lifestyle
  • Malawi
  • Malawi
  • Mali
  • Markets
  • Middle East
  • Mozambique
  • Namibia
  • Nigeria
  • North Africa
  • Opinion
  • Politics
  • Rwanda
  • Senegal
  • Seychelles
  • South Africa
  • South Sudan
  • Sports
  • Startup Africa
  • STOCK EXCHANGE
  • Tanzania
  • Tech
  • Togo
  • Travel
  • Travel
  • Tunisia
  • Uganda
  • Uncategorized
  • West Africa
  • World
  • World
  • ZAMBIA
  • Zambia
  • ZIMBABWE
  • Zimbabwe

Browse by Tags

africa African business news Africa New Africa News african footballer African investments African manufacturing industry african markets African news African start-up banking Business China Classic Content currency Explore Bali Finance football Life Style Markets Market Stories Namibia news Nigeria oil and gas Oilandgas Opinion Pandemic Politics Premium reserve bank of Zambia Russia South Africa Southern African News sports Stay Home Travel United Stated Vaccine Work From Home Wuhan Zambia Zimbabwe Zimbabwe Harare Manufacturing Africa Employment creationn

WHO WE ARE

The Southern African Times is a regional bloc digital newspaper that covers Southern African and the world news. The paper also gives a nuanced analysis on news and covers a wide range of reporting which include sports, entertainment, foreign affairs, arts and culture.

Facebook Twitter Youtube Instagram Rss

Copyright © 2022 The Southern African Times | Powered by The Southern African Times

Privacy Policy

Terms and Conditions

  • Home
  • Southern Africa
  • Global
  • Business
    • African Start ups
    • African Continental Free Trade Area
  • Tech
  • Opinion
  • Sports
  • Lifestyle
    • Health
    • Culture
    • Food and Drink
    • Entertainment
  • SAT Jobs

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?