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.
Executives from leading diamond industry financer ABN AMRO met with Israel’s Supervisor of Banks this week, as they are mulling over the possibility of opening a branch in the country. The round of meetings in Israel included a series of discussions with the Israel Diamond Exchange.
Victor van der Kwast, the CEO of ABN AMRO Bank International and Diamond Jewelry Group (ID&JG) is visiting Israel with senior executives, stating that Israel is missing from their portfolio.
