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.
Indian DTC Sightholder Shrenuj & Co. saw revenue rise by 30% to $545.19 million (Rs.24.57 billion) and profit increase by 11% to $12.61 million (Rs.568.4 million), for the year ending March 31, the company said on Monday.
Results for the fourth quarter were good, with revenue up 21% to $162.87 million (Rs.7.34 billion) and a profit of $2.84 million (Rs.128 million). With earnings per share of $0.17 (Rs.7.50), the company has proposed a dividend of 30%.
