West looking for ways to ban Russian diamonds – NYT ...News

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West looking for ways to ban Russian diamonds – NYT
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The trade in precious stones has thus far largely avoided sanctions The G7 and EU are set to unveil sanctions on the import of gemstones mined in Russia, including those cut and polished in other countries, the New York Times reported this week. According to the newspaper, the G7 is expected to formally announce sanctions in September. The terms for tracking and tracing individual gemstones are reportedly being finalized, as well as the details for the accompanying customs paperwork. The restrictions could come into effect in January after the holiday retail season, the NYT noted, warning that jewelry shoppers cou

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