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Archive Home > 2009 > May > 12 > Diamonds A country’s best friend?

Diamonds A country’s best friend?

Russia stockpiles precious gems, awaiting the return of demand

By Andrew E. Kramer / The Bulletin
May 12, 2009

MOSCOW — The global recession sapped demand for all kinds of commodities — like steel and grain — yet small burlap bags are still arriving by the planeload at Russia’s state-owned diamond company.

Each day, the contents of the bags spill into the stainless....

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