A cutting implement including an annular blade defining a central blade aperture and a circular cutting edge. The annular blade is rotatably mounted in a handle covering a covered arc segment of the blade while allowing an outer arc segment of the blade to protrude from the handle. The device may be held through the use of a palm grip wherein some of the fingers of the user are inserted through the blade aperture and press the handle against the palm of the hand. A mechanism may be provided for selectively restraining the rotation of the blade relative to the handle.
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