Diamond miner De Beers Group sold about $510-million of rough diamonds in its sixth sales cycle of the year. Sales were significantly higher than the $116-million of rough diamonds sold in the sixth sales cycle of 2020. It is also higher than the $477-million of rough diamonds sold during the
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ASX-listed Burgundy Diamond Mines will raise nearly A$50-million to accelerate its diamond strategy. The company on Monday reported that it had received binding commitments from institutional and sophisticated investors to raise A$49.7-million, of which A$34.5-million would be raised through an unsecured convertible note issue, and a further A$15.2-million through a
De Beers has reported its rough diamond production for the second quarter of the year, showing an increase of 134% year-on-year to 8.2-million carats, Mining Weekly reports. According to De Beers, the rise reflects “planned higher production” to meet stronger demand for rough diamonds. Full-year production guidance was updated
The delicate, elongated shape of the oval cut diamond paired with its subtle brilliance and narrowing effect on the finger create a coveted diamond shape made for the one-of-a-kind bride. It is no surprise that the oval cut diamond has captured the spotlight and secured itself as the most popular cut of 2021 and into the foreseeable future.
