G7 sets conditions for India over Russian diamonds ...News

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The group has considered blocking the supply of gems, including those processed in India The G7 has restricted Russian diamonds of one carat and above processed by Indian cutters from entering its market, according to media reports. The high-level G7 delegation that visited India on September 27-29 has reportedly informed the industry about the decision. It also made it clear that it had no objections to traders buying rough diamonds from Russia, polishing them, and selling them to any other market. Anoop Mehta, the president of Bharat Diamond Bourse (BDB), said that Indian traders of Russian diamonds would now ha

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