Sanctioned Russian diamonds flowing to global market – Bloomberg ...News

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Sanctioned Russian diamonds flowing to global market – Bloomberg
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Mining giant Alrosa is reportedly selling large amounts of precious stones to India and Europe Russian mining giant Alrosa has quietly revived exports to almost pre-sanctions levels, Bloomberg reported on Tuesday, noting that the company is selling more than $250 million-worth of diamonds per month. According to the report, citing people familiar with the matter, the Russian firm’s sales are currently only about $50 to $100 million a month below pre-sanctions levels. The sales have restarted as some Indian banks become more comfortable with how to facilitate transactions in currencies other than US dollars, the so

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