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.
Gem Diamonds Limited today (Tuesday) announced that its revenue for 2011 increased 49 percent to $396 million in 2011. The company’s net profit totalled $68 million, up a massive 235 percent over 2010.