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Antwerp Urges Adjustments to G7 Diamond Sanctions

Antwerp World Diamond Centre (AWDC) called for changes to the upcoming G7 diamond certification system, which aims to exclude Russian diamonds from the market

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Sanctions: Antwerp Calls for More Entry Points

Sanctions: Antwerp Calls for More Entry Points
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Antwerp Calls for Changes in G7 Diamond Sanctions

Antwerp Calls for Changes in G7 Diamond Sanctions
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How More Sanctions on Russian Diamonds Could Affect the Global Market

LONDON — Nineteen months have passed since Russia invaded Ukraine, sending shock waves around the world — and through the global diamond market. Russia is the world’s biggest diamond exporter by volume, with a state-owned company, Alrosa, mining almost one-third of all diamonds produced in 2021. To prevent funds from flowing into the Kremlin war chest, the United States — the world’s largest market for finished diamonds — took action last spring when President Joe Biden banned the import of roug

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What Would More Sanctions on Russian Diamonds Really Do?

The Group of 7 and the European Union are expected to issue new rules in an effort to slow the flow of revenue into the Kremlin’s war chest.

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