Stay updated with breaking news from Diamond trade. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Officials said that there will be no double checks on Indias export of cut and polished diamonds as the country uses diamonds coming via Antwerp and other geographies, and not directly from Russia. G-7 will ban all imports of rough diamonds directly from Russia from January 1. ....
"We had engaged with the G7 to discuss such sanctions and their implementation. We have reservations on the timelines announced for the implementation of restrictions. Recognizing the diversity of our industry, we believe there should be more flexibility in these timelines,"said Vipul Shah, chairman of Gem & Jewellery Export Promotion Council on Thursday. ....
The bloc of industrialized nations has been trying to find additional ways to squeeze Russia’s economy to constrain its ability to fund its war in Ukraine. ....
Diamond Prices: As European capitals prepare to implement long-awaited sanctions on Russia s diamond exports, Belgian traders are bracing for new scrutiny of their industry. If traders are now seen helping Russia evade sanctions to keep financing its invasion of Ukraine, the shine may come off diamonds once again. ....
As European capitals prepare to implement long-awaited sanctions on Russia s diamond exports, Belgian traders are bracing for new scrutiny of their industry. If traders are now seen helping Russia evade sanctions to keep financing its invasion of Ukraine, the shine may come off diamonds once again. ....