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.
The coloured gem market — sapphires, rubies and emeralds — is just as valuable as the diamond market.
At a time when many investments offer low returns, many investors will fill a bag with precious stones and hope they will be worth a fortune some day.
Check this chart about the rising prices of gemstones.
Unlike diamonds, though, the $10 billion coloured gems market is mysterious and poorly understood.
This Wall Street Journal video illustrates the issues.
