Russia Sanctions: Resource Center

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.

2023

Mar. 25:

EU Has Less Appetite For New Round Of Russia Sanctions – Polish Prime Minister (Urdu Point)

Mar. 21:

Additional Sanctions Against Wagner In Sudan (MENAFN)

Mar. 20:

This U.S. Government Official Wants To Block Russian Diamonds (So Be Ready) (JCK Online)

Mar. 16:

The Industry’s Russia Crisis: Formulating Sanctions (Rapaport)

Russian diamonds continue to flood Belgium despite sanctions (Jewelller Magazine)

Mar. 14:

Surge in Belgian Imports of Russian Diamonds (IDEX Online)

Mar. 12:

Russia’s invasion of Ukraine had little impact on Belgium-Russia trade (The Brussels Times)

Mar: 09:

Government and Industry Meet on Russia Sanctions (Rapaport)

Mar. 08:

State Department, E.U. Meet With Industry Leaders Over Russian Diamonds (JCK Online)

Mar. 07:

Putin’s blood diamonds: EU countries push for sanctions by May (Politico)

KSE Institute study: Russia can no longer contain the effect of sanctions – it’s time to tighten restrictions (The Odessa Journal)

Mar. 06:

State Department and European Commission Engage Diamond Industry to Discuss Next Steps on Russian Diamonds (US Department of State)

JVC: G7 Sanctions Could Target All Russia’s Polished Diamonds (Israeli Diamond)

Mar. 03:

Sanctions Year in Review 2022 – Part II: Russia (Morrison Foerster)

Mar. 01:

What You Need to Know about the New Russia/Belarus Sanctions, Export Controls, Tariffs & Duties (JD Supra)

Feb. 28:

Keep Alrosa Diamonds Separate, JVC Warns (Rapaport)

Russian diamonds still escape European sanctions, Belgium satisfied (Globe Echo)

G7 Leaders’ Statement (The European Sting)

US Imposed New Sanctions, Expert Controls, Tariffs on Russia (National Law Review)

Saving diamonds from war sanctions against Moscow: what’s behind a million-dollar trade (News Rebeat)

Jewelers Vigilance Committee Shares Member Alert Regarding Additional Russian Diamond Sanctions Under Development (Instore)

EU sanctions Russia’s Wagner group Sudan subsidiary Meroe Gold for gold mine exploitation (Republic World)

Feb. 27:

Anniversary of Ukraine Invasion Brings New Sanctions for Russia (JD Supra)

Report: G7 and EU Countries Could Start to Track Russian Diamonds (Israeli Diamond)

Feb. 26:

G7 to ‘Work on Further Measures’ Against Russian Diamonds (Rapaport)

Feb. 25:

Western countries slap new sanctions on Russia on war anniversary (Politico)

Feb. 24:

One year on: the Russian invasion in mining (Mining Technology)

Feb. 22:

New EU Sanctions “Could Include Diamonds” (IDEX Online)

EU still has not agreed on anniversary Russia sanctions, more talks Thurs (Reuters)

Dutch government announces new EU sanctions measures against Russia and Belarus to enter into force on 24 February 2023 (BakerMcKenzie)

Feb. 21:

EU close to deal on 10th sanctions package against Russia (Reuters)

Burnt by sanctions: EU acknowledges lack of broad scope for new measures (Blitz Newspaper)

Feb. 20:

West looks for ways to target Russian diamonds Bloomberg (Big News Network)

Reputations at stake as Russian diamond trade survives sanctions (Jeweller Magazine)

Feb. 19:

G-7 and EU looking at ways to track and trace Russian diamonds (Mining.com)

Feb. 16:

Russian Diamond Exports Increased After Ukraine Invasion, Stats Show (JCK Online)

Feb. 15:

EU Struggles To Keep Sanctions Afloat As Russian Ships Change Flags (The European Conservative)

Feb. 14:

The Industry’s Russia Crisis: The Importance of Alrosa (Rapaport)

Russia’s growing trade in arms, oil and African politics (Financial Times)

Feb. 13:

Russian banks and exports set to be hit in new EU sanctions (Politico)

Brussels Playbook: New Russia sanctions — Winter forecast — Breeding unicorns (Politico)

Feb. 10:

Diamonds in the spotlight as new EU sanctions approach (Jeweller Magazine)

Feb. 09:

Belgium: “Russian Diamonds are Blood Diamonds” and Should be Boycotted (Israeli Diamond)

Feb. 07:

2022 Year-End Sanctions and Export Controls Update (Gibson Dunn)

Feb. 02:

A 2023 Russia-African Trade Summary – Russia Briefing News (Russia Briefing)

U.S. Seeks to Tighten Rules on Russian Diamonds (JCK Online)

Feb. 01:

Russian Diamonds Are Belgium’s Best Friend — But For How Much Longer? (WorldCrunch)

Feb: Industry Risk Report: February 2023 (Jewelers of America)

Jan. 31:

India: Diamond Traders Wary of Purchasing Russian Diamonds in Rupees (Israeli Diamond Industry)

Jan. 30:

Belgium Calls For Global Boycott of Russian Diamonds (IDEX Online)

Jan. 27:

The Castellum.AI dashboard provides consolidated Russia sanctions data. (Castellum.AI)

Russian diamonds lose their sparkle in Europe (POLITICO)

Jan. 23:

Russian Sanctions: Rupee Deals Hit by Currency Worries (IDEX Online)

Jan. 22:

Lucara Boss Urges EU to Sanction Russian Diamonds (IDEX Online)

Jan. 18:

India Diamond Traders Hit by Rupee Risks Amid Russia Supply Woes (Yahoo news)

EU considers classifying Russian diamonds as ‘blood diamonds’ (The Brussels Times)

Jan. 17:

Time to put Antwerp’s Russian diamonds on EU sanctions list (EU Observer)

Jan. 16:

EU exploring further sanctions against Russian diamond industry (Jeweller Magazine)

Russian Aggression Robs Surat Diamonds Of Global Dazzle (Vibes of India)

Jan. 15:

Poland and Lithuania Call for EU Diamond Sanctions on Russia (IDEX Online)

Jan. 10:

Russia’s war on Ukraine: A sanctions timeline (PIIE)

2022

Oct. 12: No Diamonds in EU Sanctions on Russia (Rapaport)

Dec. 22: Here’s how sanctions are impacting the Russian economy (World Economic Forum)

Sep. 30: What are the sanctions on Russia and are they hurting its economy? (BBC News)

Sep. 29: New EU Sanctions Spare Russian Diamonds (Rapaport)

Sep. 6: Rapaport Press Release: Trade Uncertainty Clouds US Holiday Optimism (Business Wire)

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: Sanctioned Russian diamonds flowing to global market – Bloomberg (Big News Network)

Aug. 25: Russia Blames the West for “Unfounded” Accusations of its KP Compliance (Israeli Diamond Industry) (Israeli Diamond.co)

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)

May. 1:  Alrosa Poised to Sell Diamonds to Gokhran (Rapaport News)

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 (Rapaport News)

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