The Kommersant newspaper wrote that the RapNet Diamond Index (RAPI) for 0.30-carat diamonds rose to 3.5% in February of this year. The newspaper refers to the publication of the Frank Media edition of the Rapoport agency’s data.
According to the publication, the growth in the RAPI index is attributed to the recovery in polished diamond demand in China.
A day ago, RIA Novosti reported that representatives of the US State Department and the European Commission were discussing with the diamond sector what measures should be taken to leave Russia without revenue.
According to the publication, prominent representatives of the US and EU diamond trade attended the meeting. The meeting also raised questions about the importance of the jewelery industry’s participation in future import measures regarding the Russian Federation.
He also said that Russia “makes billions of dollars from the diamond trade and the most effective ways to cut off this revenue stream are being discussed”.
Earlier, it was reported that the G7 countries and the European Union are trying to find ways to track Russian diamonds crossing borders.