The purchase volume was not disclosed. However, according to the source’s approximate estimates, the value of purchased rough is close to $ 1 billion.
Industry experts opine that this deal will have a positive impact on the market, as it will remove excessive pressure. As a result of the lockdown measures, the diamond cutting industry in India practically stopped operations and jewelry stores in the U.S. and Europe were closed.
Earlier, Aisen Nikolaev, Head of Yakutia voiced the parameters of a possible buyout of diamonds by Gokhran as ranging from $ 0.5 billion to $ 1 billion.
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