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.
Lazare Kaplan International is suing KBC and the Antwerp Diamond Bank for allegedly stealing $135 million, claiming that the banks cooperated with diamond trader Erez Daleyot. LKI, which is seeking $500 million in damages, further claims that bank executives were bribed.
