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Russia Sanctions: Resource Center

Information for the diamond industry following the invasion of Ukraine

Jun 1, 2022 4:00 AM By Rapaport News

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RAPAPORT... With the US imposing sanctions on Alrosa and other Russian entities, there is rising concern about the impact on the diamond market, considering the vast rough supplies from the country. The following is a resource center to help the trade gain clarity on the crisis and its effects on the industry.

Sep. 30: EU will not ban Russian diamonds in new sanction package (The Brussels Times)
Sep. 28: Sanctioned Russian diamonds are reaching the US consumer, but some are getting there legally – for now (bne Intellinews)
Sep. 27: Russian diamonds ban 'would cost 10,000 jobs', Antwerp claims (EUObserver)
Sep. 26: Transparency International urges EU sanctions on Russian diamonds, miner Alrosa (Reuters)
Sep. 25: Eyes on Belgium as some EU states push for Russian diamond ban (Reuters)
Sep. 22: Stopping Israel's blood diamond sightholders (Israel National News)
Sep.17: Russia’s Secret Gem Sales Are Dividing the Diamond World (Bloomberg)
Sep. 5: Six months into war, why are Russian goods still flowing to US? (Business Mirror)
Aug. 31: What Kimberley Process Certification Does—And Doesn’t—Guarantee (JCK)
Aug. 28: Russian Diamonds Are Quietly Flowing Again After Sanctions Chaos (Bloomberg)

Aug. 25: Russia Blames the West for “Unfounded” Accusations of its KP Compliance (Israeli Diamond Industry)
Aug. 18: Russia’s sanctions prove to be a blessing for Gem Diamonds (Mining Review Africa)
August 16: Russia Fights Efforts to Declare It an Exporter of ‘Blood Diamonds’ (The New York Times)
July 26: Russian jewellery sales up 50% (Professional Jeweller)
July 25: Diamantaires gaze at a 15-20% cut in revenue this fiscal (CRISIL)
July 22: De Beers living the high life with Russian rival Alrosa out the picture (Professional Jeweller)

July 7: Nonprofit Urges Europe to Outlaw Russian Diamonds (Rapaport News)
July 6: India's diamond industry loses its shine amid tough sanctions on Russia (Channel News Asia)
June 30: JVC Member Alert: Russian Gold Ban (Rapaport News)
June 26: Russia Is ‘Elephant in the Room’ as KP Session Ends (Rapaport News)
June 22: Alrosa to Maintain Production Plan: Report (Rapaport News)
June 21: Civil society group flays diamond watchdog as Russia avoids censure (Reuters)
June 19: Kimberley Process should stop turning blind eye to Russia’s invasion of Ukraine and take fight against conflict diamonds seriously (Kimberley Process Civil Society Coalition Press Release)

June 17: Q&A: Jewelers Vigilance Committee’s Sara Yood (JVC)
June 14: Civil Society Calls to Suspend Russia from Kimberley Process (Rapaport News)
June 9: Russian diamond sanctions open door for De Beers to raise prices 7% (Professional Jeweller)

June 7: Russia-Ukraine war may lead to shortage of diamonds in coming festive season (CNBC)
June 7: Webinar: A Russian Awakening (Rapaport News)
May 31: How the War Has Shaken Up Diamond Supply (Joshua Freedman)
May 27: Alrosa not planning to suspend production amid sanctions - CEO (Interfax)

May 25: No Russian rocks! US companies want cast in stone guarantee (Economic Times)
May 20: Canada Bans Russian Caviar, Vodka and Diamonds in Latest Sanctions (Wall Street Journal)
May 20: Russia-Ukraine Crisis Hits Diamond Industry in Gujarat (MSN)
May 18: Russian Sanctions Timeline

May 18: De Beers may have gained market share amid US-led sanctions on Russia’s Alrosa (miningmx)
May 11: Russia Sanctions Are Increasing Diamond Prices by 20% (Yahoo)
May 11: Diamond Prices Are Spiking and Even De Beers Can’t Fill the Gap (Bloomberg)
May 10: Rapaport Bans Russian Diamonds (Rapaport Press Release)
May 10: A Wake-Up Call from Russia (Rapaport Magazine)
May 5: Russia Produces a Third of the World's Diamonds. Now They're Coming Under Scrutiny (Time.com)

Apr. 25: UK Slaps 35% Tariffs on Russian Diamonds (Rapaport News)

Apr. 18: DDC New Guidance on U.S. Sanctions on Russia Relating to the Diamond Industry (Diamond Dealers Club)
Apr. 16: GJEPC Trade Advisory (GJEPC)
Apr. 15: *FAQs about the Russia Sanctions (JVC)
Apr. 13: Israeli Diamond Traders Fund Putin’s War Machine in Ukraine (Haaretz)
Apr. 12: *American Gem Society Notice to Members (AGS)
Apr. 11: World Diamond Council Removes Alrosa (World Diamond Council)
Apr. 10: US Imposes Further Sanctions on Alrosa (Rapaport News)
Apr. 8: JVC Notice to Members (JVC)
Apr. 8: *US Jewelry Council Advisory Notice (US Jewelry Council)

Apr. 7: *The United States Sanctions Major Russian State-Owned Enterprises
Apr. 7: Russian Harmful Foreign Activities Sanctions Regulations - 31 CFR part 587 -GENERAL LICENSE NO. 24 (OFAC)

Apr. 7: *Lawmakers Seek Review of Sanction ‘Loopholes’ (Rapaport News)

Apr. 7: Analysis: Crisis Mismanagement (Rapaport News)
Apr. 6: **Rapaport Press Release: Rapaport Group Takes Action Following Russian Invasion
Apr. 6: GJEPC India Notice to Members (GJEPC India)

Apr. 6: Kering Joins Exodus from RJC (Rapaport News)
Apr. 5: Moscow Bourse Suspends WFDB Membership (Rapaport News)
Apr. 4: Bulgari Quits RJC Board (Rapaport News)
Apr. 3: Alrosa Leaves the Responsible Jewellery Council (Rapaport News)
Mar. 31: Zelensky: Peace Worth More Than Diamonds (Rapaport News)
Mar. 31: Chopard Stops Sourcing Russian Diamonds (Rapaport News)
Mar. 30: RJC Head Iris Van der Veken Resigns (Rapaport News)
Mar. 30: Pandora Exits RJC over Boycott Dispute (Rapaport News)
Mar. 27: UK Lays Down Sanctions Against Alrosa (Rapaport News)
Mar. 27: Tiffany Presses ‘Pause’ on Russian Diamonds (Rapaport News)
Mar. 20: Signet Halts Trade in Russian Diamonds (Rapaport News)

Mar 17: Sanctions, What Sanctions? (IDEX)

Mar. 16: * Analysis: The Diamond Origin Dilemma (Rapaport News)
Mar. 16: EU Bans Exports of Diamonds to Russia (Rapaport News)
Mar. 15: Guidance Regarding US Sanctions Against Russia: Notice to Rapaport Members
Mar. 15: EU ban on exports of diamonds and other luxury goods to Russia

Mar. 15: Russian Goods Cut Elsewhere Are Legal, Says JVC (Rapaport News)
Mar. 14: ** Rapaport Statement: Russian Invasion’s Impact on Diamond Prices
Mar. 14: Updated guidance from the Jewelers Vigilance Committee (JVC)
Mar. 14: Statement from the NY Diamond Dealers Club
Mar. 14: Letter from Kimberley Process (KP) Civil Society Coalition
Mar. 13: US Bans Imports of Russian Diamonds (Rapaport News)
Mar. 11: US Department of the Treasury - Russian harmful foreign activities sanctions 1027 FAQs

Mar. 11: US executive order prohibiting imports of nonindustrial diamonds originating in Russia
Mar. 11: Statement by the GIA

Mar. 10:Indian Cutters Face Sales Drop: Report (Rapaport News)
Mar. 10: JVC member alert following US ban on Russian diamond imports

Mar. 8: US Department of the Treasury - Russian harmful foreign activities sanctions 1019 FAQs
Mar. 8: Rapaport Webinar: Politics, Economics, and Diamond Prices
Mar. 8: Alrosa US Chief Leaves Role at Diamonds Do Good (Rapaport News)

Mar. 8: Podcast: Questions About Russia (Rapaport News)
Mar. 6: Alrosa Sales Continue via Non-Dollar Payments (Rapaport News)
Mar. 6: Alrosa to Stop Funding the Natural Diamond Council (Rapaport News)
Mar. 3: Alrosa Quits RJC Board over Ukraine Crisis (Rapaport News)
Mar. 2: Should the Industry Still Sell Russian Goods? (JCK)
Mar. 2: When It Comes to Russian Diamonds, Industry Is Watching, Waiting (National Jeweler)
Mar. 2: Alrosa Profit Soars as Focus Turns to Sanctions (Rapaport News)
Feb. 28: Rapaport Trade Alert
Feb. 28: Analysis: Ukraine Crisis Leaves Diamond Industry Vulnerable (Rapaport News)
Feb. 28: India Fears Effects of Russia Sanctions on Supply (Rapaport News)
Feb. 27: US Places Sanctions on Russian Miner Alrosa (Rapaport News)
Feb. 25: US Sanctions Target Alrosa and Its CEO (JCK)
Feb. 25: Alrosa Lands on US Sanctions List After Russia Invades Ukraine (National Jeweler)
Feb. 24: US Department of the Treasury announces sanctions against Russia
Feb. 24: JVC directive to the trade

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Tags: Alrosa, Rapaport News, rough, Rough Diamonds, rough market, Russia

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