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France 24

Joanna YORK

Western sanctions on Russian diamonds set to disrupt a global industry

United States G7 Russia European Union India Western Belgium Punit PARANJPE Alrosa Antwerp

An expert displays a diamond at a factory in Surat, India, on May 31, 2022. © Punit Paranjpe, AFP

G7 experts are set to arrive in India on a fact-finding mission this week ahead of the expected announcement of a new embargo on importing Russian diamonds. An EU ban has also been under discussion for months – but imposing new regulations on the global diamond market is no easy feat.

Experts from the G7 and Belgium will discuss potential sanctions on Russian-mined diamonds this week on a visit to the Indian cities of Mumbai and Surat.

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