New sanctions on Russian diamonds will change the global trade in gems ...Middle East

By Sarah Kent (CNN) — After close to two years of conflict, the global diamond market is set to feel the full consequences of the war in Ukraine. The European Union earlier this month added the world’s biggest diamond producer, Russia’s Alrosa, to its sanctions list alongside its CEO, Pavel Alekseevich Marinychev. The new year marked the start of an escalating series of export restrictions on Russian stones coordinated with the G7, which includes the US, UK, Canada and Japan, as well as EU members France, Germany and Italy. Though some countries had already imposed their own sanctions, figuring out a comprehensive system to effectively police the market proved challenging; diamond tra

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