Report: Global industry concerned over ban on Russian diamonds

MOSCOW, Sep 21 (PRIME) -- Belgium’s proposal on the ban on diamond imports from Russia by the largest economies has triggered concerns of more than ten global diamond producers, The Financial Times reported on Thursday citing available documents.

“ Belgium has given up its blockade of sanctions on Russian diamonds, but a proposal to do so on its own terms has sparked the ire of the diamond industry including the world’s largest producer De Beers, just weeks away from a G7 system being announced,” the newspaper reported.

“The proposal is causing consternation among 16 leading international diamond manufacturers and traders, who accused Antwerp’s diamond lobby of insufficient “transparency, accountability and inclusivity”, according to the documents.

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