EatingOnions@lemmy.world to

World News@lemmy.worldEnglish · 1 month ago

Moscow puts state diamonds under the hammer as budget pressures mount

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Moscow puts state diamonds under the hammer as budget pressures mount

EatingOnions@lemmy.world to

World News@lemmy.worldEnglish · 1 month ago

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cross-posted to:
europe@feddit.org

Moscow to auction off diamonds amid budget pressure

Russia is putting its diamonds up for sale as Moscow looks for more ways to raise cash amid mounting budget pressure and heavy war spending.

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workerONE@lemmy.world
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1 month ago
They’re probably selling because lab grown diamonds are indistinguishable from natural diamonds and the value of their diamond stock is plummeting
- AHemlocksLie@lemmy.zip
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  And also getting their shit kicked in by Ukraine is hella expensive.
  
  But you are right, it’s probably about time to liquidate diamond stockpiles. That market is dwindling.

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