[HIGHLIGHTS] Times: EU jewelers are at a loss due to tough sanctions against Russian diamonds

Traders have complained about long delays because all diamonds entering the EU must be sent to Antwerp by order of the European Commission to be checked for possible Russian origin. Traders also note that other diamond hubs such as India, Dubai and Tel Aviv have not imposed similar sanctions on Russian diamonds.

Russia's Alrosa has not felt a significant impact from the EU measures. On March 1, the G7 countries began gradually limiting the import of Russian diamonds processed in third countries. At the same time, in December, India lifted the ban on diamond supplies from Russia.