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Sanctions

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Sanctions looming: Indian diamond companies issued warning
Blog

Sanctions looming: Indian diamond companies issued warning

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…

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March 18, 2024
Russian leadership dismisses suggestions of sanctions
Blog

Russian leadership dismisses suggestions of sanctions

A key figure in Russia's foreign ministry has offered rare insight into Russia's interpretation of proposed European economic sanctions on the diamond trade. Representatives have typically been tight-lipped about…

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March 30, 2023
Russian diamonds continue to flood Belgium despite sanctions
Blog

Russian diamonds continue to flood Belgium despite sanctions

Belgium's import of diamonds from Russia spiked in January by a remarkable 36 per cent despite heated political discussion around economic sanctions within the European Union. Belgium's import of…

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March 15, 2023
US diamond traders told to prepare for new sanctions
Blog

US diamond traders told to prepare for new sanctions

A US jewelry industry trade body has issued an alert to members warning of incoming sanctions on the import of diamonds originating from Russia. The US, EU, and the…

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March 6, 2023
Mining giant Alrosa revives exports despite sanctions
Blog

Mining giant Alrosa revives exports despite sanctions

Questions have been raised about the effectiveness of economic sanctions placed against mining juggernaut Alrosa following reports that Russian rough diamond sales remain healthy. Following the invasion of Ukraine…

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August 24, 2022

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