The G7 countries have targeted Russia's diamond exports since the first sanctions were imposed over the Ukraine conflict. Direct imports of Russian rough stones to the US and UK were banned soon after the conflict escalated. Last year, the G7 agreed to expand sanctions on Russia's gems despite warnings of dire fallout for the industry.

https://sputnikglobe.com/20240225/wests-sanctions-on-russian-diamonds-may-severely-harm-trade--inflate-prices-1116971743.html

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