https://sputniknews.in/20231105/russia-takes-over-one-third-of-global-diamond-market---5250896.html
Russia Takes Over One-Third of Global Diamond Market
Russia Takes Over One-Third of Global Diamond Market
Sputnik India
According to data from the Kimberley Process, Russia has achieved a milestone by producing over a third of the world's natural diamonds in 2022.
2023-11-05T16:06+0530
2023-11-05T16:06+0530
2023-11-05T16:06+0530
g7
european union (eu)
russia
uae
europe
russia
raw diamonds
diamond industry
russian diamonds
diamond mining
https://cdn1.img.sputniknews.in/img/07e7/0b/05/5251066_0:160:3072:1888_1920x0_80_0_0_44c0fb1338759413edfdfe3fd8f86ec2.jpg
According to data from the Kimberley Process, Russia has achieved a milestone by producing over a third of the world's natural diamonds in 2022. Together with African countries, Russia now dominates almost 90% of the global market. Reports suggest that the G7 nations, followed by the EU, are planning to impose sanctions on Russian diamonds in the near future. However, during a recent private presentation in the United States, major players in the diamond market expressed disapproval of the proposed restrictions.
https://sputniknews.in/20231023/india-sets-diamond-import-record-in-month-with-215mln-purchase-from-russia-5017952.html
russia
uae
europe
Sputnik India
feedback.hindi@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
2023
Sputnik India
feedback.hindi@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
News
en_IN
Sputnik India
feedback.hindi@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
Sputnik India
feedback.hindi@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
natural diamonds, global diamond market, sanctions, diamond market, key players in diamond industry
natural diamonds, global diamond market, sanctions, diamond market, key players in diamond industry
Russia Takes Over One-Third of Global Diamond Market
Statistics have shown that in 2022, Russia for the first time produced more than a third of all natural diamonds in the world.
According to data from the Kimberley Process, Russia has achieved a milestone by producing over a third of the world's natural diamonds in 2022.
Together with
African countries, Russia now dominates almost 90% of the global market.
The UAE and Europe have emerged as key exporters of this precious resource. This remarkable growth is a significant increase from Russia's previous market share of 22% to 33% since 2004.
Reports suggest that the G7 nations, followed by the EU, are planning to
impose sanctions on Russian diamonds in the near future. However, during a recent private presentation in the United States, major players in the
diamond market expressed disapproval of the proposed restrictions.
