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In Its Eleventh Sales Cycle Of 2022, De Beers Sold $410 Million In Diamonds

Anglo American said on Wednesday that the preliminary value of raw diamond sales for De Beers' tenth sales cycle in 2022 was $410 million.

Anglo American announced that the provisional value of rough diamond sales for De Beers' tenth sales cycle of 2022 amounted to $410 million. The company said that demand for its rough diamonds was in line with expectations, ahead of the normal seasonal closure of polishing factories in southern Africa.

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Anglo American said on Wednesday that the tentative value of raw diamond sales for De Beers’ tenth sales cycle in 2022 was $410 million, which was higher than the tenth sales cycle in 2021 ($336 million) but lower than the preceding cycle ($454 million).

The company said in a statement that demand for its rough diamonds during the final sales cycle of 2022 was in line with expectations, despite the normal seasonal closure of polishing factories in southern Africa over the Christmas period, and that “sightholders are taking a cautious approach ahead of restocking after Christmas and the expected re-opening of the China market.”

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De Beers Sold $410 Million In Diamonds

Anglo American is a multinational mining business that produces diamonds (through De Beers), copper, platinum group metals, high quality iron ore and steelmaking coal, and nickel, as well as agricultural fertilisers. By 2040, the corporation intends to be carbon neutral in all of its activities.

De Beers Group is a multinational firm that specialises in diamond mining, retail, trade, and industrial diamond manufacture. The firm operates open-pit, large-scale alluvial and coastal mining operations.

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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