In an attempt to carefully calibrate its re-entry on the global market, without forcing prices still lower, Russia is relying on two things: the Soviet-era precious gem depository — created to hold jewelry confiscated from the aristocracy after the 1917 revolution — and capitalist investors, whom Alrosa hopes will buy diamonds as an investment, like gold.
— Russia Stockpiles the Gems, Awaiting the Return of Demand
There’s a lot about the modern Russia tied up in that paragraph.
