Rough diamonds grow scarcer in India

The French miner was this year given a sales quota by the Asian nation that was 29% less than it expected.

The Russian budget for 2025-2027 has set aside $1.55 billion for the purchase of precious metals and gems.

Most mining firms rely on their own diesel supplies to extract iron ore, diamonds, rutile and bauxite in the resource-rich country.

The transaction is expected to close in early 2025.