Russian diamond ban creates costly delays, Antwerp diamond dealers say
Antwerp’s diamond dealers face long and costly delays following an EU ban on Russian-origin diamonds that took effect on March 1 and has slowed imports, they say in a letter seen by Reuters.
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India urges G7 to delay ban on Russian diamonds as rules lack clarity
Mining News Pro - India has urged the Group of Seven (G7) countries to delay an incoming ban on Russian diamonds because the rules to trace the origins of gems remain unclear, two sources aware of the matter said.
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EU Commission proposes Russian diamond ban
Mining News Pro - The European Commission has proposed a ban on imports of diamonds and liquid petroleum gas from Russia and also to tighten implementation of a price cap on Russian oil as part of new sanctions against Moscow, EU diplomats said on Wednesday.
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G7 announcement on Russian diamond ban expected by end of month
Mining News Pro - A G7 statement announcing a ban on imports of Russian diamonds is expected by the end of this month, followed closely by a proposal for the European Union’s 12th package of sanctions on Russia, diplomatic sources said.
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G7 to launch Russian diamond ban in bid to curb revenues, Belgium says
Mining News Pro - The Group of Seven (G7) countries is expected to announce an import ban on Russian diamonds in the next 2-3 weeks, Belgian officials told reporters on Friday, in a bid to tighten a squeeze on Russia’s capacity to finance the war in Ukraine.
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Russian diamonds are quietly flowing again after sanctions chaos
Mining News Pro - The panic that gripped the diamond world this year is starting to unwind as sanctioned Russian mining giant Alrosa PJSC has quietly revived exports to near pre-war levels.
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Coronavirus pushes Q2 net profit of Russian diamond miner Alrosa down 98%
Mining News Pro - Russian State-controlled diamond producer Alrosa said on Friday that its second-quarter net profit fell by 98% year on year to 300-million roubles ($4-million) as the novel coronavirus outbreak hit demand for precious stones.
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