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…
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 European Union (EU) has added Russian diamond mining company Alrosa to its sanctions list as a punitive response to the ongoing conflict in Ukraine. Alrosa, as well as…
The long-awaited next round of sanctions against the Russian diamond industry may also target lab-created diamonds, according to recent media reports. According to reporting by Agence France-Presse, the latest…
The Russian government has accused Western countries of undermining the Kimberley Process Certification Scheme (KPCS) in a bid to further politicise the diamond industry. Deputy Finance Minister Alexey Moiseev…
Shree Ramkrishna Exports (SRK) has been removed from the list of international war sponsors by Ukraine’s National Agency of Corruption Prevention (NACP). In September, the NACP claimed that SRK…
Belgium Prime Minister Alexander De Croo has called on the G7 countries to support additional sanctions on the Russian diamond industry. Addressing the Belgian consulate general in New York,…