16/01/2023
• Samuel Ord
There have been renewed calls from within the European Union to place further sanctions on Russia’s diamond mining industry in response to the invasion of Ukraine.
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11/01/2023
• Samuel Ord
Decreasing demand for diamonds has led to more than 20,000 workers losing their jobs in India's cutting and polishing industry.
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07/12/2022
• Samuel Ord
The CEO of Russian mining company Alrosa, Sergei Ivanov, will step down soon according to reporting from Russian business media.
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03/10/2022
• Samuel Ord
The European Union is currently developing the framework for further sanctions against Russia in response to the ongoing conflict in Ukraine.
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03/10/2022
• Samuel Ord
The Natural Diamond Council (NDC) is expected to lose approximately half of its budget for 2023, a brutal blow for the international industry advocate.
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25/09/2022
• Jeweller Research
Despite various sanctions being imposed on Russia and Alrosa, the country’s largest diamond producer, the international industry is increasingly being divided.
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25/08/2022
• Samuel Ord
Questions have been raised about the effectiveness of economic sanctions placed against mining juggernaut Alrosa following reports that Russian rough diamond sales remain healthy.
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29/04/2022
• Samuel Ord
The jewellery industry remains entangled in hostilities between the UK and Russia as the two countries continue trading economic blows.
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19/04/2022
• Angela Han
It’s no secret that the Responsible Jewellery Council (RJC) has faced a barrage of criticism since the beginning of the Russia-Ukraine war.
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15/04/2022
• Richard Chiu
French luxury conglomerate Louis Vuitton Moët Hennessy (LVMH) has reported a strong 2022 first quarter performance marking a strong rebound from the COVID-19 slump and challenges wrought by Russia’s invasion of Ukraine.
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11/04/2022
• Samuel Ord
As the Responsible Jewellery Council (RJC) continues to come under siege for its handling of the Alrosa situation in the wake of the invasion of Ukraine – among other issues – industry experts and commentators have called for it to be restructured instead of dismantled.
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10/04/2022
• Richard Chiu
In what could be a significant blow to Russia, the US has designated state-run mining company Alrosa in its Specially Designated Nationals (SDN) roster, which increases sanctions that carry substantial economic impacts on Russian companies.
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05/04/2022
• Jeweller Research
The Responsible Jewellery Council (RJC) has experienced a tsunami of high-profile member cancellations, all questioning the management, or mismanagement, of Alrosa’s RJC membership. This may just be the tip of the iceberg.
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04/04/2022
• Samuel Ord
The Responsible Jewellery Council (RJC) is suffering a continued exodus of major members with luxury watchmaker Watches of Switzerland and diamond mining company Alrosa exiting the organisation.
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