No objection on India import Russian diamonds
G7 Attempts to minimise any potential disruptions! Recently, Trade Promotion Council of India (TPCI) said, G7 officials were exploring options to support Indian diamond traders in adhering to G7 sanctions against Moscow while minimizing any potential disruptions. G7 representatives, in collaboration with the Gem & Jewellery Export Promotion Council (GJEPC) and the Bharat Diamond Bourse (BDB), were exploring avenues to support Indian diamond traders in adhering to the G7’s sanctions on Moscow while ensuring minimal or no disruptions, according to Anoop Mehta, President of the BDB. The recent communication represents a significant development for local diamond traders, as G7’s sanctions on Russian stones have been a setback for the nearly 1.5 million-strong Surat diamond industry. This industry has also been grappling with reduced demand and the effects of a global economic slowdown. The G7, consisting of the United States, the United Kingdom, France, Germany, Italy, Jap