You can of course have a furniture repair business add material and refinish. Or you can add a center accent piece of tile, or wood inlay. If you're going from a narrow rectangle to a square, you would need to disassemble the table anyway, might as well do something fun with it.

Wax is good on a dining table as easy to apply a bit more in the event of cup rings etc.

Looks good! Never seen distressed wood before.

Thank you for your comments. I really appreciate your help. I think we are on the same track. The rugs I have brought home have fought with the terracotta colour plus the busyness of the small tiles. I did come across this picture on Houzz, which I think looks good. What do you think? It would need some of that burnt orange from the chair upholstery as well as the aubergine to tie in but I liked the dark border line, it matched with the grout.