March 18 Diamond Shavings: Your Friday Web Roundup jckonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jckonline.com Daily Mail and Mail on Sunday newspapers.
The European Union has announced a fourth round of economic santions on Russia following the invasion of Ukraine in late February, and among the restrictive measures is a ban on the importartion of luxury items such as diamonds and jewellery.
The US, European Union and the G7 forum leaders have collectively announced stiffer sanctions to be imposed on Russia by banning – among others - the importation of diamonds and jewellery to “further isolate Russia from the global financial system”.
he diamond market is in a Mexican standoff, one diamantaire observed with an air of bewilderment in a conversation this week. No one knows who’s going to move first buyers who have orders but lack urgency or suppliers who are at times unwilling to sell because they expect to get better value.
RAPAPORT. The sharp rise in diamond prices is being driven by speculation and changes in the way the rough market operates, cautioned Rapaport Senior Analyst Avi Krawitz in the quarterly Diamond Trends Webinar last week.
Unlike in 2021, when robust demand resulting from record growth in.