This decision, however, comes with a commitment from the G7 nations to develop a robust verification mechanism to halt the influx of Russian diamonds by September 2024.
Russia, renowned as the globe's foremost diamond producer, with annual diamond sales ranging between $4 billion to $4.5 billion, has been a vital source for Surat's diamond trade.
The rough diamonds from Russian mines, primarily operated by Alrosa, a state diamond mining company, have substantially benefited Surat.
Last year alone, Russia garnered around $4 billion from the diamond trade, contributing to the country's financial resources, including its military operations against Kyiv.
Bu hikaye The Free Press Journal dergisinin December 08, 2023 sayısından alınmıştır.
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Bu hikaye The Free Press Journal dergisinin December 08, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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