It is almost impossible to distinguish a Russian diamond from another at customs – Kommersant
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It is almost impossible to distinguish Russian diamonds from non-Russian diamonds at customs, said Al Cook, head of the world’s largest diamond mining company by value, De Beers. He also noted that the tracking system for diamonds produced in Russia is still unclear due to sanctions.
“Even if they wanted to, the average customs agent couldn’t look at one diamond and another and say, ‘This is Russian,’” Al Cook said. The Financial Timescommenting on EU sanctions against Russian diamonds.
On January 18, the European Union approved the 12th package of sanctions against Russia. Restrictions are imposed on direct or indirect import, as well as the purchase or transfer of Russian diamonds. Press Secretary of the Russian President Dmitry Peskov saidthat the Kremlin will implement schemes to circumvent these sanctions.
At the same time, The Financial Times notes that Russia’s ALROSA, the world’s largest diamond producer by carat and second by value, has undermined De Beers’ monopoly on global diamond supplies. However, after the introduction of sanctions against Russian diamonds, De Beers raised its diamond production forecast to 32–34 million carats from 30–33 million carats.
Read more about sanctions in the Kommersant article. “The EU is reprogramming Russian industry”.
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