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.
Demand from the Chinese market for SI goods has resulted in shortages of this category of diamonds in the Mumbai market. There is a lot of anticipation that the upcoming Hong Kong trade show will reveal strong demand from the Chinese market.
The Hong Kong Jewellery & Gem Fair is opening on June 23.
