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Search Results - Russian Ukraine Conflict, ring

your search of 'Russian Ukraine Conflict, ring' has 19 results.

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Concern within the international diamond industry about the impact of sanctions against Russian diamonds has worsened in recent weeks. | Source: Getty Images

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Diamond industry frustrations with G7 sanctions intensify

Concern within the international diamond industry about the impact of sanctions against Russian diamonds has worsened in recent weeks. Read more »
The Kimberley Process plenary meeting in Zimbabwe has reached a bitter ending after concluding with a deadlock over the definition of ‘conflict diamonds’. | Source: Kimberley Process

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Conflict diamonds: Chaos at Kimberley Process meeting

The Kimberley Process plenary meeting in Zimbabwe has reached a bitter ending after concluding with a deadlock over the definition of ‘conflict diamonds’. Read more »
A priest from Ukraine’s Orthodox Church has been arrested along with four others for stealing €60 million ($AU100.7 million) of illegally obtained ancient jewellery. | ABC News

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Priest arrested for theft of $100 million gold jewellery

A priest from Ukraine’s Orthodox Church has been arrested along with four others for stealing €60 million ($AU100.7 million) of illegally obtained ancient jewellery. Read more »
The NACP has now issued a statement praising SRK for its commitment to complying with international obligations. | Source: SRK

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SRK removed from Ukraine’s list of Russian war sponsors

Shree Ramkrishna Exports (SRK) has been removed from the list of international war sponsors by Ukraine’s National Agency of Corruption Prevention (NACP). Read more »
Belgium officials have reportedly informed the media that the diamond import ban will be announced within the next two to three weeks. | Source: Wallpaper Flare

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Expanded Russian diamond sanctions expected within weeks

Speculation over increased sanctions against Russia’s diamond industry has heightened, with media sources suggesting that new prohibitions will be announced in the coming weeks. Read more »
Sightholders must purchase at least 65 per cent of non-deferred goods, with failure to do so considered a refusal. De Beers does not usually allow sightholders to defer more than one box per category of rough each six months. | Source: DeBeers Group

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De Beers relaxes purchasing rules, Alrosa breaks silence

The world’s largest diamond mining company, the De Beers Group, has relaxed purchasing rules for sightholders in a move to address accumulating inventories. Read more »
Melanie Grant, newly appointed executive director of RJC on January 23, 2023. | Source: Andrew Werner Photography

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Crisis in Ukraine: New powers for the Responsible Jewellery Council

The Responsible Jewellery Council now has the ability to vote on the expulsion of members that bring the organisation into disrepute. Read more »
According to recent reports, Russian diamond sales in Europe increased following the invasion of Ukraine despite retaliatory economic pressure from western powers.

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US diamond traders told to prepare for new sanctions

A US jewellery industry trade body has issued an alert to members forewarning of incoming sanctions on the import of diamonds originating from Russia. Read more »

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Diamonds in the spotlight as new EU sanctions approach

The European Union (EU) has confirmed a 10th round of sanctions will be placed on Russia in response to the invasion of Ukraine, leading to further speculation over the future of the diamond industry. Read more »
The famous 1,109-carat Lesedi la Rona diamond rough was found in a Lucara mine.

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Diamond mining CEO calls for further sanctions on Russia

As the debate continues to swirl over the future of Russian diamonds in western markets Lucara Diamond CEO Eira Thomas has weighed in, calling for further sanctions. Read more »
Nine rounds of sanctions have been adopted by the EU against Russia since the invasion of Ukraine with the most recent of these coming into effect in December.

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EU exploring further sanctions against Russian diamond industry

There have been renewed calls from within the European Union to place further sanctions on Russia’s diamond mining industry in response to the invasion of Ukraine. Read more »
According to the Surat Diamond Association these factories are currently working at approximately 70 per cent capacity due to weakened demand, leading to extensive loss of employment opportunities for the local population.

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Widespread job losses due to weakened diamond demand

Decreasing demand for diamonds has led to more than 20,000 workers losing their jobs in India's cutting and polishing industry.  Read more »
The secretive sale of Russian diamonds, worth hundreds of millions of dollars every month

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Diamond sales continue in secret, regardless of Russian sanctions

Despite various sanctions being imposed on Russia and Alrosa, the country’s largest diamond producer, the international industry is increasingly being divided. Read more »
Alrosa's full-year diamond production also rose by 8 per cent (32.4 million carats) compared with the same period in 2020 (30 million carats), due to increased output volume from the mine’s V. Munskoye and Nyurba Division deposits. Image: Alrosa

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Mining giant Alrosa revives exports despite sanctions

Questions have been raised about the effectiveness of economic sanctions placed against mining juggernaut Alrosa following reports that Russian rough diamond sales remain healthy. Read more »

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Fight continues over "blood diamond" definition

Russia’s Finance Ministry has released a statement condemning the bid to have diamonds mined in Russia classified as blood diamonds. Read more »

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