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.
De Beers announced on Thursday that Nimesh Patel, chief financial officer, will leave the company to join Spirax-Sarco Engineering as their new chief financial officer and executive director by the end of July.
Nimesh joined Anglo American in 2012 as group head of corporate finance before moving to De Beers Group in 2016 as CFO, joining both the executive committee and board.
“Nimesh has worked closely with me and as part of our executive team to develop and implement our compelling growth and innovation strategy. He has built a strong finance team and led a transformation of our finance processes and systems, leaving the function well-positioned for the future,” Bruce Cleaver, CEO of De Beers said.
