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.
More than 300 Dominion Diamond employees and contract workers are at risk of being laid off at the Ekati diamond mine after a fire at the mine’s processing plant on June 23.
Operations at some of the open pits are expected to be temporarily shut down to cut costs while the processing plant is being repaired.
