Hong Kong increases diamond imports from Russia 10:50

Hong Kong increases diamond imports from Russia 10:50

According to estimates, in the first five months of this year, Hong Kong increased its diamond imports from the Russian Federation by 18 times on a year-on-year basis DEA News Based on data from the Hong Kong Bureau of Statistics.

It is known that in January-May, Hong Kong bought $657.3 million worth of Russian diamonds, up from $36.5 million the previous year.

As a result, Russia has become the third largest supplier of diamonds to the Asian economy. Russia’s share accounted for 12% of total imports, compared to 1% a year ago.

India maintains the leadership in diamond supply to Hong Kong with a supply worth $2.9 billion, followed by Israel with a supply worth $716.6 billion. Neither country mines diamonds themselves.

Before became knownThat India has significantly increased its purchases of Russian diamonds.

April 13, Antwerp World Diamond Center (AWDC) CEO Ari Epstein filed He resigned due to a disagreement with the Belgian government over sanctions imposed by the EU and G7 countries on Russian jewellery. He held this position for 13 years.

It was known before how long it would take fallen EU revenues from diamond exports due to anti-Russian sanctions.

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Source: Gazeta

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