U.S. Reevaluates Strict G7 Ban on Russian Diamonds Amid Global Opposition
The United States is reconsidering the strictest aspects of a G7-imposed ban on Russian diamonds, following resistance from African countries, Indian gem polishers, and New York jewelers, according to seven sources cited by Reuters. The sanctions package, agreed upon in December and including an EU-wide ban, represents a major shift in the diamond industry. Two sources familiar with the negotiations stated that the U.S. has largely disengaged from G7 working groups on stringent controls, with
