Russian Diamond Exports to Hong Kong Hit Annual High in May
Wednesday, 28 May 2025 () Russian diamond exports to Hong Kong hit their highest level of the year in May. Imports reached a value of $47 million, which was 1.5 times more than in April. This surge pushed Russia to fourth place among the top diamond suppliers to the global financial hub, up from eighth position the previous month. India remains the leading supplier, Izvestia publication said. In early April, analysts predicted a swift recovery of the diamond and gemstone market. The sector has been in crisis, with diamond jewelry prices falling globally since 2023. This price drop has hindered the sale of existing inventories, further depressing rough diamond prices.
A pink diamond ring that once belonged to Marie Antoinette's daughter is going up for auction
A rare 10.38-carat pink diamond with ties to Marie Antoinette’s daughter is going up for auction at Christie's in New York in June and could fetch up to $5 million (€4.4m).
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Wednesday, 28 May 2025 ()
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