Russia to continue buying diamonds through state fund in 2025
The Russian budget for 2025-2027 has set aside $1.55 billion for the purchase of precious metals and gems.
Chinese police said they have shut down a Hong Kong-based diamond-smuggling ring, in three months of arrests and confiscations.
Twenty eight people were arrested between January and March and diamonds worth $31 million were confiscated, making it one of the largest busts in diamond history.
