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Russia sells diamonds worth $31,709 from state fund - All News - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases
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Diamond industry at a strange and extraordinary crossroad - Jeweller Magazine: Jewellery News and Trends

Russia’s status as a leader in the jewellery industry has been one of the most talked about issues of 2022 in the wake of the invasion of Ukraine in February. ROBERT BOUQUET provides an update on the current trading environment.

Diamonds slapped with tariff as UK and Russia hostility continues - Jeweller Magazine: Jewellery News and Trends

How tsarist treasures were saved from being sold to the West (PHOTOS)

Russia Lines Up New Gold Buying Through Its Sovereign Wealth Fund

by Tyler Durden Submitted by Ronan Manly, BullionStar.com In a significant and strategic development for monetary metals, the Government of the Russian Federation has just introduced legislation which will allow Russia’s giant National Wealth Fund (NWF) to invest in gold and other precious metals. The NWF is Russia’s de facto sovereign wealth fund, and has assets of US$185 billion. Introduced as a resolution to the procedures for managing the  investments of the National Wealth Fund and signed off by the Russian prime minister Mikhail Mishustin on Friday 21 May, the changes will allow the National Wealth Fund to buy and hold gold and other precious metals with the Russian central bank, the Bank of Russia.

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