Concern within the international diamond industry about the impact of sanctions against Russian diamonds has worsened in recent weeks. In December, it was announced that sanctions targeting Russian diamonds…
Companies in India have been cautioned about the flow-on impact of sanctions against the Russian diamond industry. The Gem and Jewellery Export Promotion Council (GJEPC) has encouraged more than…
Russian diamond producer Alrosa has reported a 9 per cent increase in revenue despite ongoing sanctions from Western countries in response to the conflict in Ukraine. The company achieved…
Several international trade associations have published an open letter calling for the G7 to consider the broader impact of incoming sanctions against the Russian diamond industry. The letter was…
The US Treasury’s Office of Foreign Assets Control (OFAC) has confirmed that new sanctions against the Russian diamond industry will come into effect on 1 March. In a determination…
The US Treasury’s Office of Foreign Assets Control (OFAC) has confirmed that new sanctions against the Russian diamond industry will come into effect on 1 March. In a determination…
The G7 nations have announced plans to prohibit the import of Russian diamonds in a multi-stage process beginning next year. The long-awaited new round of sanctions will be introduced…
The European Union has submitted a proposal for a 12th round of sanctions against the Russian diamond industry as a punitive response to the conflict in Ukraine. The supposed…
Speculation over increased sanctions against Russia’s diamond industry has heightened, with media sources suggesting that new prohibitions will be announced in the coming weeks. Earlier this year, it was…
The US Department of State has expanded its sanctions to include newly appointed Alrosa CEO Pavel Marinychev as the conflict in Ukraine continues. Marinychev was elected in May and…