Mining Company Alrosa Unveils Russia’s Largest-Ever Diamond
Russian diamond producer Alrosa announced Friday that it finished the two-year cutting process of the country’s largest-ever diamond — a 100-carat vivid yellow stone named New Sun.
Russian Pink diamond
US Diamond Importers Must Declare Country of Origin
Diamond Importers have been required, since last March, to certify that their goods are not Russian, but not to disclose where they are from.
Russia to continue buying diamonds through state fund in 2025
Russia will continue to buy diamonds through a state fund in 2025 in order to support the diamond industry and market, Deputy Finance Minister Alexei Moiseev said on Thursday. The Russian budget for 2025-2027 has set aside $1.55 billion for the purchase of precious metals and gems, Moiseev said in a statement. Sign Up for … Read more
Russian exports of diamonds to Hong Kong up 18-fold in 5M24
Russian exports of diamonds to Hong Kong up 18-fold in 5M24
Russia Seeks New Markets as “Illegal Unilateral Restrictions” Bite
Russia is seeking to strengthen ties with Brazil, India, China, and South Africa and other BRICS countries in response to tighter sanctions on diamonds from the G7 and EU. Setting an agenda for “equal and fair interaction between the parties involved in all segments of the global diamond trade” was the focus of a roundtable … Read more
The US is reportedly rethinking plans to ban Russian diamonds amid industry pushback
The US is reportedly rethinking plans to ban Russian diamonds amid industry pushback
G-7 and EU looking at ways to track and trace Russian diamonds
Group of Seven nations and the European Union are discussing ways to track Russian diamonds across borders, a move that could pave the way for restrictions on their trade in future, according to people familiar with the matter. Previous EU attempts to sanction Russian gems have run into resistance from importer nations such as Belgium … Read more
China backs Russia in opposing bid to redefine conflict diamonds
China has joined Russia in opposing an effort to redefine conflict diamonds to include those sold by individual nations, as a rift between Western and pro-Russia nations jeopardizes the process for certifying rough diamonds as conflict-free. Ukraine, Australia, Britain, Canada, the European Union, the United States and civil society groups were pushing to place Russia … Read more
Russia says it may buy diamonds from sanctions-hit Alrosa
Russia may buy an as yet undetermined amount of rough diamonds from sanctions-hit producer Alrosa through its state precious metals and gems repository Gokhran, the country’s Finance Minister Anton Siluanov said on Wednesday. The United States imposed sanctions on state-controlled Alrosa in April, complicating the Russian company’s operations in the global diamond market, with the … Read more
