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Anglo American Anticipates Stable Diamond Demand In The Eighth Sales Cycle In 2022

Anglo American said on Wednesday that the tentative value of raw diamond sales for De Beers' eighth sales cycle in 2022 was $500 million.

Anglo American said on Wednesday that the tentative value of raw diamond sales for De Beers' eighth sales cycle in 2022 was $500 million, which was higher than the eighth sales cycle in 2021 ($492 million) but lower than the prior cycle ($638 million).

Anglo American And Diamond Demand

The business stated in its statement that demand for its raw diamonds during sales cycle 8 was "...in line with expectations...at what is normally a quieter time of year for the diamond sector as polishing plants in India prepare for shutdown ahead of the Diwali vacations."

"The sustained consumer demand for diamond jewellery ahead of the important Christmas sales season in the US reflects the steady overall demand for De Beers Group raw diamonds," it said. Anglo American is a prominent producer of diamonds (through De Beers), copper, platinum group metals, iron ore and metallurgical coal, and nickel, with agricultural fertilisers under development and thermal coal operations slated for divestiture.

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Billionaire Laurence Graff paid a record-breaking $46.1 million for a magnificent vivid pink diamond weighing 24.78 carats. Originally owned by his competitor Harry Winston, it now carries graff’s name and is a part of the legendary collection of rare diamonds.

We usually advise brilliant round diamonds with a cut grade of very good, ideal, or super ideal for engagement rings (also known as hearts and arrows). A high cut grade maximises a diamond’s beauty for a given carat weight.

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It’s crucial to have a concept of what you might prefer before starting your search because it will enable you to focus on fewer of the many engagement ring possibilities that are now available. Also, when you initially start browsing, it helps to have a few distinct design concepts and the overall budget because the variety can be overwhelming.

Here are Engagement Ring Trends 2023:

1. Modern Art-Deco
2. Colored Stones
3. Lab-Grown Diamonds
4. East-West Settings
5. Multiple Large Stones

The traditional round diamond form, which is the most common, may come to mind when you think of diamonds. But if you want something different, a tonne of alternative forms may be found to suit your unique taste and style. Each diamond shape has its own fire and brilliance because they are cut to different standards, altering how they reflect light.

The most popular kinds of diamonds are listed below:

1. Round Brilliant Cut Diamonds
2. Princess-Cut Diamonds
3. Marquise-Cut Diamonds
4. Cushion-Cut Diamonds
5. Emerald-Cut Diamonds
6. Radiant-Cut Diamonds
7. Pear-Shaped Diamonds
8. Oval Diamonds
9. Asscher-Cut Diamonds