Welcome to our weekly wrap for 11–15 August 2025. From celebrity proposals to real-life diamond finds and industry headlines, here’s everything you need to know about the world of diamonds and precious metals this week.

1. Celebrity Spotlight: Ronaldo’s Jaw-Dropping Engagement Ring

Gold (USD/oz): US$3,335 on 15 Aug, &minus;0.23% w/w .
AUD/USD: 0.6506 on 15 Aug, &minus;0.11% w/w .
Gold (AUD/oz): A$5,126 on 15 Aug, &minus;0.13% w/w .

Cristiano Ronaldo recently proposed to Georgina Rodríguez with an enormous oval-cut diamond, estimated between 15 to 35 carats and valued as high as $5 million USD. The ring features a dramatic centre stone with additional side diamonds, set in luxe platinum — truly a statement of Old Hollywood glamour and structural craftsmanship.

Sources: People.com, Times of India, ELLE

2. Real-Life Romance: A True Diamond Discovery

At Arkansas’s Crater of Diamonds State Park, a 31-year-old New Yorker, Micherre Fox, discovered a 2.3-carat white diamond on her final day of a month-long search. She named it the “Fox-Ballou Diamond,” and plans to use it in her engagement ring. It’s the third-largest diamond found at the park this year, a discovery full of emotion and symbolism.

Sources: The Guardian, Diamond World, People.com

3. Industry News: De Beers Returns to Angola

De Beers announced its first kimberlite field discovery in Angola in three decades. This joint venture with Endiama marks a major return to one of Africa’s key diamond regions. If proven commercially viable, it could reshape sourcing opportunities for the next generation of diamond supply.

Sources: Reuters, Diamond World