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.
Jewelry price inflation at both the retail and supplier levels moderated somewhat during May. While certain underlying commodities continue to climb in price – notably polished diamonds and gold – other commodity prices such as silver and platinum appear to have plateaued, at least during the month of May.
