Restrictions are expected to be introduced at the G7 summit in May, according to the outlet The G7 is set to impose sanctions on large rough diamonds sourced from Russia, the Economic Times reported on Wednesday, citing industry executives. The move would potentially threaten millions of jobs in India, which is the world’s largest cutting and polishing center for the gems. The ban, which would cover diamonds weighing one carat or more, is expected to be introduced at the G7 summit in Hiroshima in May, according to the outlet. Russia’s diamond trade has so far avoided sanctions due to resistance from major
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