What Fashion Should Understand About New Sanctions on Russian Diamonds

After close to two years of conflict, the global diamond market is set to feel the full consequences of the war in Ukraine.

This week, the EU added the world’s biggest diamond producer, Russia’s Alrosa to its sanctions list alongside CEO Pavel Alekseevich Marinychev. The new year marked the start of an escalating series of export restrictions on Russian stones coordinated with the G7, which includes the US, UK, Canada and Japan, as well as…