(rapaport.com) - The diamond market has yet to feel the full effect of the war in Ukraine. Initial predictions pointed to a potential supply shortage that would result from having Alrosa, with its large share of global rough production, off the market. However, those scarcities have not emerged significantly. This might be because the industry is still adjusting to the impact of US sanctions placed on Alrosa as the world will mark the one-year anniversary of Russia’s invasion of Ukraine on February 24. We recognize three areas in which the trade was, or will be, affected.
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ALROSA to help amplify Arctic agenda at UN
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