US SANCTIONS BEGIN TO BITE SURAT DIAMOND TRADERS
The New Indian Express Chennai|May 08, 2022
AMERICAN merchants are demanding a declaration from Surat diamond traders saying the polished material is not from Russia. The American clients have threatened to “ban” traders who sell them polished stones that originate from Russia.
DILIP SINGH K SHATRIYA
US SANCTIONS BEGIN TO BITE SURAT DIAMOND TRADERS

About 30% of all imported raw, or rough diamonds imported into India come from Russia, with a lion’s share coming to Surat for further processing. Following US sanctions on Russia over the latter’s invasion of Ukraine, the diamond-polishing sector is taking a massive hit.

Naimesh Pachhigar, a diamond trader, said, “The US government has issued a circular to local American traders asking them to check the origin of diamonds before buying or selling them. The circular states that if the origin of the diamonds is Russia, then don’t accept them.”

هذه القصة مأخوذة من طبعة May 08, 2022 من The New Indian Express Chennai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة May 08, 2022 من The New Indian Express Chennai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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