Russia’s state gem depository could buy diamonds from Alrosa this year, news agencies of the country’s finance minister reported. Possibility of Gokhran buying diamonds produced by Alrosa,” Anton Siluanov was quoted as saying by Reuters last week. “The amount will be determined later.
The Russian news agencies Interfax and Prime quoted Siluanov as saying that the purchase could take place later this year. Alrosa declined to comment, while Gokhran did not respond to an email from Rapaport News.
Gokhran, a unit of the Russian Treasury, gross bought Alrosa in 2009 during the economic crisis and considered doing so again during the 2020 Covid19 recession. However, as the market recovered, the transaction was reversed: Alrosa bought stock from Gokhran last year to fill supply gaps.