Consumers attracted to diamond jewelry more than ever

Ali Pastorini is the co-owner of Del Lima Jewelry and President of Mujeres Brillantes, an association which brings together more than 1,000 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

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WDC actively supports initiatives from mine to retail; and also strives for support for the artisanal and small-scale miners - Edward Asscher, President, World Diamond Council

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Diamonds are one of the few things that have held human fascination in every nook and cranny of the world across time

Dr Usha R. Balakrishnan, a preeminent historian of Indian jewellery based in Mumbai, is Chief Curator of the World Diamond Museum. Being the author and co-author of several volumes of Diamonds Across Time, a new book and an important venture launched...

11 september 2020

Botswana Diamonds to bulk sample KX36 kimberlite, sees commercial potential

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07 september 2020

Indian diamond industry looks for recovery options

Webinars being the order of the day due to COVID-19 crisis, the Gem & Jewellery Export Promotion Council (GJEPC) of India organized a virtual meeting under its UNCUT 2020 Webinar series on 17 August 2020, inviting all stakeholders to discuss...

31 august 2020

The State Duma amends Russia’s Budget Code to allow Gokhran to buy more diamonds at the expense of the country’s 2020 budget

14 september 2020
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Image credit: Gokhran


(FINMARKET.RU) - The Russian Federation Government has submitted amendments to the country’s Budget Code (BC) for  consideration by the State Duma to allow Gokhran higher purchases of rough diamonds in 2020, Deputy Finance Minister Alexei Moiseev said at a meeting of the Duma Budget Committee.
"This amendment is connected with the need to fulfill the instructions of the President of the Russian Federation at the request of the President of the Republic of Sakha (Yakutia), Nikolayev to increase the amount of diamonds purchased by Gokhran of Russia due to the difficult situation in the international diamond markets and the need to support production in the Republic of Sakha (Yakutia). This amendment gives the government the right to increase such purchases within the framework of amendments to the budget list," Moiseev said.
In an interview with Interfax, the Deputy Minister clarified that this increase in purchases is expected in 2020 within the sources of the Russian Federation budget. "We are replacing one with another, this is for this year," said Moiseev, adding that it is not yet possible to name diamond procurement numbers, since there is no official decision yet.
The bill in its second reading is scheduled to be considered at a meeting of the State Duma tomorrow.