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 will be a popular gift option this Mother’s Day, with 31.2 percent of celebrants planning to buy mothers silver, gold or diamonds, up 19 percent from last year, according to a recent survey. Total spending on jewelry is expected to reach $3.0 billion.
