As economic sanctions against Russia, which has invaded Ukraine, are intensifying, I am concerned that jewelry processing and sales companies in Ginza, Tokyo, which are buying diamonds from Russian companies, may not be able to purchase them in the future.
According to industry groups, Russia is one of the leading producers of about 30% of the world's diamonds.
A company that processes and sells jewelry, which has a store in Ginza, Tokyo, buys about 10% of the diamonds it uses directly from a Russian company.
Russian diamonds are a popular item because they are of the same quality but have a strong brilliance.
The company hasn't had any direct impact from economic sanctions so far, but I'm afraid that purchasing will stop if payments to its business partners are no longer possible.
Also, according to the company, it is expected that the amount of Russian diamonds on the market worldwide will decrease in the future, so there is growing concern that prices may rise in the industry. That is.
Hiromu Hara, who is in charge of purchasing diamonds at this company, said, "Since we have stock, it does not mean that we will not be able to supply it immediately, but there is information that the price has already started to rise in overseas markets, so this situation is Prolonged purchases can be difficult. I just want the war to end soon. "