Gems from the sanction-hit nation have been largely spared from international penalties Sanctions on exports of Russian diamonds that have been debated by the G7 countries for more than a year may send gem prices soaring globally, CNBC reported on Friday, citing analysts. So far, importing Russian rough diamonds has been banned by the US. At the same time, Washington still imports gems extracted in Russia if they have been substantially altered in other countries. The UK, Canada, and New Zealand followed suit, adopting similar measures against Russian mining giant Alrosa. The European Union and G7 have been seekin
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