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What Will Sanctions Against Russian Diamonds Mean for Jewellery?

US sanctions prohibiting some business with Alrosa, the world’s biggest diamond miner, could quickly disrupt the global gem trade, experts say.
Diamonds.
Alrosa diamonds account for almost 30 percent of all raw stones sold around the world. (Shutterstock)

Two weeks ago, when the US Treasury Department announced sweeping sanctions on Russia in response to its invasion of Ukraine, it mostly spared the luxury sector.

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