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.
As diamond prices show their first significant drop since staging a signifi- cant recovery from the financial crisis, analysts said last week the pullback was due at some point, and that prices should more or less hold their current levels for the rest of this year and into 2012.