Last week, the members of the G-7 discussed the four plans to prevent the export of large diamonds. According to the plan of the Western countries, from January 1, 2024, the fate of the precious stones from Russia will hardly be in doubt.
Plans for the ban range from light camping to overnight trips, so keep track of the signs that promise why the ban is so difficult to achieve. on coal for more than a year, writes Reuters.
The four proposals were made by Belgium, India, the French Group for the Jewelery Industry and the World Diamond Council and will be judged at the technical meeting of the G7 representatives. on Thursday, residents close to the victims stated before the agency.
Such a ban would severely restrict the export of diamonds, as the G7 countries – the US, Canada, Japan, Germany, the United Kingdom, Italy and France – represent 70% of the world’s it’s full of diamonds.
In this way, the ban would also seal the deal, because Russia is the largest producer of rough diamonds in the world, maintaining a 30% share.
The main diamond producer “Alrosa” reaches the end of October
The largest producer of diamonds in the world – the state company “Alrosa” – has been experiencing a shortage of diamonds for the past two months. The reason for these actions is an attempt to increase the falling prices, reported in September Bloomberg, quoting the note of the company sent to its clients.
Alrosa, which is currently vying with giant De Beers for the title of the world’s largest diamond producer, has cut its supply of rough diamonds in September and However, let’s hope that the trend of price falls will be reversed.
The state-owned Russian company is under American and British sanctions, which were imposed immediately after the beginning of the Russian War in Ukraine. The company’s supplies are already good, because the company directed its shipments to Asia.
Illustrative Photo by Anna Nekrashevich: https://www.pexels.com/photo/grayscale-photo-of-crystals-quartz-8516716/
