Banning the import of Russian diamonds to the G7 countries (UK, Germany, Italy, Canada, France, Japan and the USA) could lead to an increase in prices. This is the view in an interview with RIA Novosti You said financial and industrial experts.
“Russia is one of the key players in the diamond market; an import ban could lead to a local increase in prices of precious stones, especially large stones,” said Dmitry Puchkarev, stock exchange expert at BCS World of Investments.
Independent sector expert Leonid Khazanov stated that there has been no increase in Russian diamond prices so far because domestic companies were prepared for restrictions in advance. However, the expert does not rule out that such a scenario may develop in the near future. According to their forecasts, prices will increase by 10-15 percent in January next year, but this trend will not last long.
On Friday, the European Union completed preparations for the 12th package of anti-Russian sanctions, which includes a ban on diamond imports from the Russian Federation to the G7 countries.
Russian President Press Secretary Dmitry Peskov said on Thursday that the country was preparing to impose sanctions against Russian diamonds: companies were well aware of future risks and took measures to prevent them.
Previously Hong Kong augmented Russian diamonds were purchased five times.
Source: Gazeta
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