Diamond traders in a fix as G7's Antwerp diktat comes into effect

India's Gem and Jewellery Export Promotion Council (GJEPC) and global diamond trade bodies have raised concerns about the G7 bloc's demand to route rough and polished diamonds through Antwerp for certification as non-Russian. The ban, part of sanctions imposed on Russia since the Ukraine war, will extend to diamonds weighing 0.5 carats and above from September 1.
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