President Joe Biden of the United States has issued an executive order prohibiting the import of Russian diamonds, irrespective of whether they underwent manufacturing in a third country
Nice rock. Is it Russian? About a third of the world's diamonds come from Russia, earning the Kremlin at least a billion dollars a year as it wages war in Ukraine.Subscribe to The Post Most newsletter for the most important and interesting stories from The Washington Post. America spends more on diamonds than anywhere else, accounting for more than half of all global sales. December is peak season. The journey of a diamond from a Russian mine to a U.S. jewelry counter can be complicated - which
India has requested G7 countries to postpone the ban on Russian diamonds, citing unclear rules on tracing gem origins. As home to 90% of the world s diamond cutting and polishing industry, India s cooperation is crucial. G7 announced a ban on Russian diamonds starting January 1, with phased-in restrictions on indirect imports from around March 1