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Like Russia, for many in the business, the trade of conflict stones by definition bankrolls terror groups and non-state actors while the Russia-Ukraine conflict is a war between two nations. The tussle brewing for the past one year is now coming to a head.
The government’s vision is to boost mineral production in various parts of the country and attract investment through extensive research.
Jewel360 examined the growing lab-grown diamond industry and what it means for traditionally produced gems.
Ukraine has removed Shree Ramkrishna Exports (SRK), one of the world's largest diamond producers, from its list of international sponsors of war. The move came after Kyiv accused the Mumbai-based company of purchasing diamonds in Russia despite Western sanctions over Russia's invasion of Ukraine. SRK responded by stating that it had not purchased rough diamonds from Russia since January and had no plans to do so in the future.