The G7 has no objections to Indian diamond traders purchasing roughs from Russia's ALROSA mines, but has drawn the line at accepting cut and polished Russian-origin stones of one carat and above, says a report in the Economic Times.
The communication is a breakthrough for domestic diamantaires as G7's sanctions on Russian stones have been a setback for the nearly 1.5 million-strong Surat diamond industry, which is also struggling with demand and global economic slowdowns.
Aruna Gaitonde, Editor in Chief of the Asian Bureau, Rough & Polished
