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Russia Weighs Selling More Diamond Stocks to Tap Global Demand

  • Government may increase sales from repository: people familiar
  • Alrosa is likely to bid for diamonds to replenish stockpiles
Diamond Production At Kristall Production Corp.
Photographer: Andrey Rudakov/Bloomberg

Russia is considering selling more rough diamonds from state stockpiles this year to benefit from a recovery in global demand following a Covid-19-induced slump last year.

The government is preparing a decree to increase planned sales of diamonds from the state repository, known as Gokhran, said two people familiar with situation, who asked not to be identified as the information isn’t public.