Diamond News

Russia’s Diamond Vault: The Story of Gokhran

Russia’s Diamond Vault: The Story of Gokhran

Israeli Diamond Industry - Blog


The Red Square in Moscow (Image: Hayk Harutyunyan | Dreamstime.com)

Created by a government resolution in 1996, Gokhran is Russia’s state-owned repository of precious stones and metals.  According to Forbes, in 2010, the Russian government bought $1 billion in uncut diamonds from Russian diamond miner ALROSA to support the Russian diamond mining industry while avoiding saturation in the global diamond market. Read More

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