EU to Propose Ban on Russian Diamonds Next Week – Report

G7 foreign ministers give support to European sanctions, according to Financial Times.

The Weekly Gems: News and Videos from Around the Web

Gamer jewelry and some new scientific uses for diamonds feature in this week’s roundup.

Market Comment

Okavango Pauses Sales in Latest Sign of Rough Slowdown

November spot auction will not take place.

De Beers Doubles Down on Natural Diamonds

The largest rough producer’s new marketing initiative could be just what the industry needs.

Alrosa Halts Sales as Diamond Glut Persists

Miner calls for “reciprocal effort” to tackle imbalance of supply and demand.

Rapaport Battles WDC over Russian-Diamond Proposal

Webinar addresses initiative for verifying source of goods.

Petra Diamonds Slides to Loss in ‘Subdued’ Market

Miner gives downbeat outlook following weak demand in past fiscal year.

Two Plans for Sidelining Russian Diamonds

Governments and the industry are weighing up methods of vetting the origin of goods.

Macy’s Spots a Worrying Trend

What could consumers’ credit problems mean for diamond sales?

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