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De Beers Reports Strong Demand For Rough Diamonds In The Most Recent Sales Cycle

The value of raw diamond sales by diamond miner De Beers during the ninth sales cycle of the year was $450 million.

Because of restrictions on the movement of people and goods in various jurisdictions around the world, the De Beers group says it has continued to implement a more flexible approach to rough diamond sales during this cycle, with the sight event being extended beyond its usual week-long duration. As a result, the provisional rough diamond sales number for Cycle 9 represents the estimated sales value from October 31 to November 15 and is subject to revision depending on final completed sales.

"We witnessed solid demand for our raw diamonds during Cycle 9," says De Beers CEO Bruce Cleaver, "with sales reflecting what is normally a calmer time for the diamond midstream ahead of polishing plants reopening in India following the Diwali vacations."

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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