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.
Arjav Diamonds, part of the DTC Sightholding group Blue Star Diamonds, has launched an online auction for rough diamonds, out of the Indian diamond-processing city of Surat. Blue Star chairman Ashit Mehta told IDEX Online that the auction consisted of 60 lots of large stones.
“All the goods on auction are above 4.80 carats,” Mehta said, adding, “Prices range from $1,500 p/c all the way up to $25,000 p/c, with an average price for the entire auction of $3,000 p/c.”
