G7 Ban on Russian Diamonds: How Sanctions Are Reshaping the Global Rough Diamond Supply Chain in 2026 Updated: September 2026 The global diamond industry has changed considerably since the G7 countries began restricting Russian-origin diamonds. When I first wrote about this subject a few years ago, one of the main concerns was whether removing Russian rough diamonds from major Western markets would create shortages and increase diamond prices. The situation today is more complicated. Russian diamonds remain an important part of world production, but the G7 and European Union restrictions have changed how diamonds are imported, documented, traced and traded. At the same time, the natural diamond industry is facing other pressures, including weaker demand in some major markets, high inventories, competition from laboratory-grown diamonds and changing international trade conditions. Therefore, the impact of the Russian diamond ban should no longer be viewed simply as a question of d...
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Showing posts from October, 2026