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.
After months of strong upward pressure, jewelry suppliers’ prices in the U.S. market showed modest deflation in October, according to new data from the government. In contrast, jewelry retail prices rebounded sharply from October’s pause. This disparity is good news for retail jewelers since it shows that they may be recovering some of the high costs related to surging jewelry commodity prices – diamonds and precious metals – over the past several quarters.
