The R&M “Lettre”

Russia’s invasion of Ukraine is another defining moment for the diamond industry.

 India’s diamond trade is likely to see a slowdown in sales in the coming months as a result of the Russia crisis, according to a major credit agency in the country.

The news preceded announcement of the company’s full-year results, which were strong.

With tension between the United States and Russia continuing to grow, Alrosa has said it will close down its U.S. office by the end of April, Alrosa USA president Rebecca Foerster tells JCK.

Dear Readers As you already know, the sanctions against Russia continue and are being strengthened in the hope of bringing an end to this devastating and senseless war.

Press release – De Beers Group [announced February 4] the value of rough diamond sales (Global Sightholder Sales and Auctions) for the first sales cycle of 2022.

Alrosa clients have continued to buy rough from the miner by sending payment in currencies other than dollars following a range of sanctions on Russia by Western governments.

  The company is also suspending its membership and halting financial support of the Natural Diamond Council.

Consumer sales of diamond jewelry in the U.S. surpassed sales in 2020 and 2019 in the first half of the year.

The Jewelers Vigilance Committee has shared updated guidance on the executive order, which was issued Friday [March 11] .

 Alrosa has highlighted concerns about the impact of the US’s punitive measures after reporting its strongest annual earnings in five years.

The Natural Diamond Council (NDC) has appointed Sam Broekema as editor in chief of Only Natural Diamonds, the organization’s consumer-facing website.