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Search Results - Russian Ukraine Conflict

your search of 'Russian Ukraine Conflict' has 28 results.

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Alrosa, as well as CEO Pavel Marinychev, have been added to the Official Journal of the European Union as people and entities whose funds and economic resources are to be frozen. | Source: Bloomberg

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Ukraine conflict: European Union hits Alrosa CEO with sanctions

The European Union (EU) has added Russian diamond mining company Alrosa to its sanctions list as a punitive response to the ongoing conflict in Ukraine. 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 »
The Russian government has accused Western powers of undermining the Kimberley Process Certification Scheme (KPCS) in a bid to politicise the diamond industry further. | Source: Kimberley Process

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Russia accuses Western powers of compromising Kimberley Process

The Russian government has accused Western countries of undermining the Kimberley Process Certification Scheme (KPCS) in a bid to further politicise the diamond industry. 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 »
 Alrosa has decided to temporarily halt the allocation of rough diamonds in September and October 2023. | Source: Alrosa

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Major diamond producer cancels scheduled sales

Russian diamond mining juggernaut Alrosa has cancelled its next two allocations amid concerns about declining demand. 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 »
As part of the executive order, the US Government aims to ‘degrade Russia’s current and future military capabilities’ and ‘curtail Russia’s use of the international financial system to further its war.’ | Source: Alrosa

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New Alrosa CEO sanctioned by US, sales slow for De Beers

The US Department of State has expanded its sanctions to include newly appointed Alrosa CEO Pavel Marinychev as the conflict in Ukraine continues. Read more »
The report from Glitz.Paris alleged that the De Beers’ Forevermark brand conducted more than 100 transactions involving Russian diamonds destined for the US market. | Source:Shutterstock

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De Beers denies violating Russian diamond sanctions

The world’s largest diamond mining company, the De Beers Group, has issued a statement denying claims it sold diamonds sourced from Russia. 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 »
According to recent reporting, Russian diamond sales in Europe increased following the invasion of Ukraine, despite retaliatory economic pressure from the US, EU, and other western powers. Source: Reuters – Tanya Makeyeva

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Reputations at stake as Russian diamond trade survives sanctions

As debate continues to swirl around future economic penalties expected to be implemented against Russia in response to the invasion of Ukraine, the impact of these sanctions has been dramatically undermined. 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 »

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