The Kimberley Process statistics indicate that Russia is still promoting diamonds strongly, with 2022 exports of 36.7 million carats valued at $US3.87 billion ($AU5.8 billion). Somewhat paradoxically, removing 30 per cent of the global supply may need helped strengthen the market, albeit briefly. Officials stated that there shall be no double checks on India’s export of minimize and polished diamonds as the nation makes use of diamonds coming via Antwerp and other geographies, and never directly from Russia. G-7 will ban all imports of tough diamonds immediately from Russia from January 1.
Similarly at Netaporter.com, market director Libby Page says …