The EU has imposed new sanctions worth almost $7bn on Russia, but has again decided against a ban on rough diamonds. The 27-nation bloc acknowledged that the state-owned miner was funding a submarine bearing its name. And it quoted President Vladimir Putin as saying that Alrosa “gives serious revenues to the federal and regional budget”. […]

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The European Union yesterday proposed an eighth round of sanctions against Russia, but made no mention of outlawing its diamonds. Five of the bloc’s 27 countries, including Poland, Estonia, Latvia, and Lithuania, have reportedly called for diamond sanctions. The USA sanctioned rough diamonds from Russia soon after it invaded Ukraine in February, but the EU […]

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Russia’s ongoing sale of diamonds to some dealers in India and Belgium and are said to be dividing the industry. Alrosa, the state-controlled miner, has been sanctioned by the US since its invasion of Ukraine in February, but is reportedly selling $250m of rough gems a month (compared with its $347m average in pre-war 2021). […]

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Central banks’ demand for gold reached a three year high, rising 8% during the first half of 2018 compared to the same period last year, according to a World Gold Council market update on central bank buying activity released today. Data reveals that 2018 H1 marks the strongest year for central bank gold buying since […]

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The Diamond Producers Association (DPA) launched its new “Real is Rare” advertising last night (Nov. 16) on the 18th Annual Latin Grammy Awards on Univision. The second phase of the campaign focuses on real, intimate moments within relationships. “The Reveal” is one of two new videos presenting a modern take on love and diamonds. The […]

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