Russian diamonds are quietly flowing again after sanctions chaos.
The panic that gripped the diamond world this year is starting to unwind as sanctioned Russian mining giant Alrosa PJSC has quietly revived exports to near pre-war levels.
There is no indication that any sales have breached sanctions or laws. But there is still a widespread unease about the implications of dealing in Russian goods, said the people. The deals are being done quietly — even by the closed-doors standards of the famously secretive diamond world — and Alrosa has stopped publishing any information on its sales or financial performance.
Some parts of the diamond industry have been pushing to exclude Russian production — US jewelers Tiffany & Co. and Signet Jewelers Ltd. have said they will stop buying new diamonds mined in Russia, while countries including the US have sought to have the gems labeled as “conflict diamonds,” the New York Times reported.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Here's how you can get a refurbished MacBook Air for $250Apple is one of the only companies that almost never sells their products at a discount. Here's how to get around that.
Read more »
Amazon and Best Buy have Google's hot new Pixel 6a on sale at cool discountsDespite its very young age and rave reviews, Google's 5G-enabled Pixel 6a is already on sale at up to a hefty $250 discount at Best Buy.
Read more »
Solar project planned for farmland in southern Porter County, but developers are mum on which farmers will participateNextEra Energy Resources is proposing a $250 million investment in Porter County through its Malden Solar project, with an estimated $52 million coming back to the county over the life of the project, an estimated 35 years.
Read more »
Only Natural Diamonds highlights positive impacts of recovery industryNatural Diamond Council’s consumer-facing digital platform Only Natural Diamonds is toting the beneficial impacts of diamond recovery in a new campaign.
Read more »
WSJ News Exclusive | U.S. Warns Turkish Businesses Against Work With Sanctioned RussiansThe Biden administration has warned Turkish businesses against working with sanctioned Russian institutions and individuals, intensifying U.S. pressure on a NATO ally that has maintained a strong relationship with Russia
Read more »
A Detailed Look at Jennifer Lopez’s Breathtaking Green Diamond Engagement RingDiscover the spectacle that is J.Lo's green diamond engagement ring.
Read more »