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.
Jewelry and watch demand softened moderately in the U.S. market in March. New data indicates that total jewelry and watch sales rose by 3.0% over the same month a year ago, the smallest gain since late 2009, when the industry was just beginning to recover from the recession.
