If the chuck is new, it seems odd that the fixings are 1/4 BSW, rather than Metric. But given that, you would expect the the other dimensions to be Imperial also, rather than Metric
The closest Imperial size to "approximately 49mm" would be 1 29/64" (1..9219" ),
or more likely 1 15/16 (1.9375" – 49.2125 mm )
Howard