On March 1, a ban on the import of diamonds of Russian origin into the EU came into force; Canada and Japan also introduced similar restrictive measures. The United States previously introduced its own ban on Russian diamond products.
In particular, the Canadian authorities decided to introduce additional measures to ban the import of Russian diamonds: citizens of this country both in Canada and abroad, as well as citizens of other countries in Canada, are now prohibited from importing, purchasing or acquiring non-industrial rough and polished diamonds of Russian origin, as well as unsorted diamonds.
Meanwhile, Japan has also tightened its import restrictions. Now the ban not only applies to direct supplies of diamond products from the Russian Federation, but from third countries as well. As part of the new sanctions measures announced on March 1, it is emphasized that a ban will be introduced on the import of Russian non-industrial diamonds, even if they were processed outside of Russia, TASS reports.
In December 2023, the Group of Seven (G7) countries announced the restrictions on the import of diamonds mined or processed in Russia from January 1, 2024. From March 1, restrictions are introduced in relation to Russian diamonds that have been cut or processed in other countries.
Theodor Lisovoy, Editor in Chief of the European bureau, Rough&Polished
