GJ Town India

The G7 restrictions were later relaxed. Until September 1, 2025   Russia has maintained its presence in the Indian diamond market and even increased supplies by more than 22% despite the anti-Russian sanctions imposed by the West, according to the data from the Indian Ministry of Commerce and Industry. According to the Ministry, from January to June this year, imports of Russian diamonds increased by 22.23% compared to the same period last year. The Ministry noted that revenues from diamond shipments to India fell by 15.22% over the same period - from $613.72 mln to $520.33 mln.    After the start of Russia's special military operation, the G7 countries announced the introduction of restrictions on the import of jewelry diamonds from Russia from January 1, 2024. The limit for Russian diamonds was set at 1 carat and over from March 1 and was expected to be lowered to 0.5 (1 carat - 0.2 g) from September 1, 2024.    The restrictions were later relaxed. Until S...

US authorizes import of certain Russian diamonds & jewelry The United States has authorized the import of certain Russian diamonds until September 1, 2025, according to the updated general license issued by the US Department of the Treasury.  In particular, the United States authorizes the import of Russian diamonds until September 1, 2025, "provided that the diamonds were physically located outside of the Russian Federation before, and were not exported or re-exported from the Russian Federation since: (1) March 1, 2024 for non-industrial diamonds with a weight of 1.0 carat or greater; or (2) September 1, 2024 for non-industrial diamonds with a weight of 0.5 carats or greater." The United States has issued a general license allowing the import of diamond jewelry into the country if they were outside the Russian Federation before March 1, 2024 and were not exported or re-exported from the country after this period. In February, the US government announced that it would ba...