Diamond industry blasts potential sanctions on Russian gems – FT ...News

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Diamond industry blasts potential sanctions on Russian gems – FT
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The G7 and the EU are considering an embargo on exports of precious stones from the sanctioned country A group of 16 leading international diamond manufacturers and traders, including De Beers, have decried the latest EU and G7 proposal to trace the origin of diamonds in order to block Russian gems from entering the global market, Financial Times reported on Wednesday. According to a letter from the group to the Antwerp World Diamond Centre (AWDC), Belgium’s industry lobby, the proposal lacks sufficient “transparency, accountability and inclusivity.” The G7 recently announced its intention to place an embargo on d

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