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Panna Diamonds Lose ‘Sheen’ At Auction In Bhopal

During the monsoon season, people discovered a large number of diamonds in the Panna mines.

Diamond is supposed to be a unique gem that may fulfil monetary dreams since it brings astounding amounts at auction and is acquired by purchasers promptly. However, during the auction at the Panna Collectorate Office in October, a considerable number of diamonds discovered in Panna diamond mines were unable to fall under the hammer since no buyers expressed interest in them. Owners of such diamonds are now anxiously awaiting the next auction in the hope that their diamonds will fetch a high price, earning them lakhpati and allowing them to purchase luxury items, houses, and other necessities.

Prakash of Manora village is one such guy who discovered a 3.64 carat diamond from the Panna diamond mine but failed to find a buyer. He told the Free Press that his diamond is up for sale and that it would most likely be sold at the next auction for a large price. He stated that the next auction will be held in three months. He added that in the past, he had discovered at least nine to ten diamonds, which fetched exorbitant prices at auction. The proceeds from the diamond auction enabled him to purchase two tractors, agricultural land, and build a luxurious home.

He was living hand to mouth before he discovered diamonds. Sunil Sen is another example of someone whose 3.21 carat diamond failed to pique the interest of purchasers. He, too, is anticipating the next auction in the hopes of winning a large sum of money that will put an end to his financial woes. During the monsoon season, individuals discovered a big amount of diamonds in the Panna mines. Even some lucky people found diamonds while walking in public places. Meanwhile, it has been learned that people whose diamonds were successfully sold in the October auction have yet to receive their auction proceeds.

According to a Panna diamond office employee, 34 precious diamonds were sold to businessmen during the October auction. So far, no money has been distributed to the owners of the diamonds. The payment file will be sent to the collector shortly, and the payment process will begin.

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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