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.
BHP Billiton is moving forward with the Misery open pit project at its Ekati diamond mine in Canada, expecting to start producing ore in late 2015. BHP Billiton has also announced the appointment of Tim Cutt as President, Diamonds and Specialty Products, effective 1 June 2011.
