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.
Lev Leviev’s retail outfit bought a 10.99 carats fancy intense pink / VS1 diamond for $10.84 million at Sotheby’s Magnificent & Noble Jewels auction yesterday (Tuesday).
Though the price leans toward the lower end of the pre-auction estimate, it is the third highest price paid for a pink diamond and ninth highest price for a diamond at auction.
