10/04/2022
• Richard Chiu
In what could be a significant blow to Russia, the US has designated state-run mining company Alrosa in its Specially Designated Nationals (SDN) roster, which increases sanctions that carry substantial economic impacts on Russian companies.
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30/03/2022
• Samuel Ord
Rough diamond prices have reportedly fallen after months of frenzied purchasing. The diamond industry was considered a surprise winner as the global economy rebounded from the COVID-19 pandemic and in 2021, rough diamond prices rose by more than 20 per cent after copping significant hits in 2019 and 2020.
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29/03/2022
• Samuel Ord
Russian diamond mining juggernaut Alrosa has been directly sanctioned by the UK government in the latest round of economic sanctions imposed in response to the invasion of Ukraine.
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21/03/2022
• Richard Chiu
Diamond Foundry, a US company manufacturing lab grown diamonds in California, has announced it will take legal action against the United States Trade Office.
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21/03/2022
• Robert Bouquet
The Ukraine conflict and the resulting sanctions on Russia have had a major impact on the international diamond industry. ROBERT BOUQUET analyses the effect on the distribution pipelines and what’s in store for the jewellery sector.
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21/03/2022
• Richard Chiu
Russian mining company Alrosa has resumed exporting rough diamonds to India despite economic sanctions being placed on the country by the US and EU.
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17/03/2022
• Richard Chiu
The European Union has announced a fourth round of economic santions on Russia following the invasion of Ukraine in late February, and among the restrictive measures is a ban on the importartion of luxury items such as diamonds and jewellery.
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14/03/2022
• Richard Chiu
The US, European Union and the G7 forum leaders have collectively announced stiffer sanctions to be imposed on Russia by banning – among others - the importation of diamonds and jewellery to “further isolate Russia from the global financial system”.
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11/03/2022
• Richard Chiu
Diamond producer De Beers has reported an 18 per cent increase in sales during the second cycle of 2022 as the company continues its recovery from the COVID-19 pandemic induced slump.
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08/03/2022
• Richard Chiu
With the ongoing economic sanctions imposed on Russia, mining company Alrosa has suspended its membership from the Natural Diamond Council (NDC) and vice-chairmanship of the Responsible Jewellery Council (RJC).
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04/03/2022
• Richard Chiu
Russian diamond producer Alrosa has reported a 50 per cent increase in total revenues for 2021, thanks to the worldwide increasing demand for rough and polished diamonds, based on the company’s fourth quarter and 12-month financial report.
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28/02/2022
• Richard Chiu
The US government has named Russian state-run mining company Alrosa as one of the companies facing “expansive economic measures” and which is expected to impact the worldwide supply and trading of diamonds.
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