Skip to main content
BoF Logo

Agenda-setting intelligence, analysis and advice for the global fashion community.

Civil Society Group Criticises Diamond Watchdog Over Russia Stalemate

A rift has emerged within the Kimberley Process (KP) over top producer Russia’s invasion of Ukraine.
Signet Jewelers Ltd., the owner of Kay Jewelers and Zales, sent shockwaves through the global diamond trade on Wednesday, telling suppliers it would no longer buy stones mined in Russia, the world’s biggest source of gems.
The Kimberley Process Civil Society Coalition on Monday sharply criticised the global diamond watchdog for resisting efforts to discuss Russia’s invasion of Ukraine. (Shutterstock)

The Kimberley Process Civil Society Coalition on Monday sharply criticised the global diamond watchdog for resisting efforts to discuss Russia’s invasion of Ukraine, at this week’s international conflict diamond meeting began in Botswana.

Please sign in to ensure you can read our agenda-setting intelligence, analysis and advice. Or get in touch at support@businessoffashion.com if you experience difficulties.

In This Article
Location

© 2026 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions

More from Global Markets
A guide to unlocking opportunity in emerging and frontier fashion markets.

How Oil Shock Fears Are Rippling Through Fashion | The Debrief

This week on The Debrief, BoF’s Shayeza Walid and Cathaleen Chen unpack why the war in Iran and disruption in the Strait of Hormuz matter to fashion — from synthetic fibre costs and factory energy shortages to freight surcharges and weakening consumer confidence.


Oil Shock: What Fashion Needs to Know

Monday’s price spike proved short-lived, but volatile markets, supply disruptions, rising freight costs and shaky consumer confidence have put the global fashion industry on edge.


view more
Latest News & Analysis
Unrivalled, world class journalism across fashion, luxury and beauty industries.

What Stops Beauty Shoppers From Buying More

Beauty brands must rethink upselling with smarter value plays, from curated bundles to jumbo sizes and subscriptions, to keep their customers from switching to the competition.


VIEW MORE
Agenda-setting intelligence, analysis and advice for the global fashion community.
CONNECT WITH US ON