January 24 Through February 4—TUCSON, ARIZONA: Annual show
Welcome to the GemologyOnline.com Forum
A non-profit Forum for the exchange of gemological ideas
It is currently Thu Mar 28, 2024 5:26 pm

All times are UTC - 4 hours




Post new topic Reply to topic  [ 2 posts ] 
Author Message
 Post subject: European Union edging closer to sanctions on ALROSA
PostPosted: Fri Feb 25, 2022 3:26 pm 
Offline
Site Admin
User avatar

Joined: Sun Oct 16, 2005 12:22 pm
Posts: 21602
Location: San Francisco
IDEX Online wrote:
Ambassadors from the European Union were today edging closer to agreement on sanctions against Russia - including diamonds.

Reports indicate resistance from Italy over luxury goods, Belgium over diamonds, and other specific sectors was waning.

The New York Times said it had "evaporated in the face of the invasion" and said there was now broad consensus in favor of trade boycotts from those meeting in Brussels.

Yesterday the Antwerp World Diamond Centre (AWDC), just an hour's drive away, warned that EU sanctions could prove counter-productive, hurting the diamond trade more than Russia.

Josep Borrell Fontelles (pictured), in charge of the EU's foreign affairs and security policy, said measures being planned would be "the harshest package of sanctions we have ever implemented".

Russia's state-owned Alrosa accounts for 27 per cent of global diamond extraction. Prices have already been rising steeply in recent months, and could spike if embargoes are imposed.


Top
 Profile  
Reply with quote  
 Post subject: Re: European Union edging closer to sanctions on ALROSA
PostPosted: Fri Feb 25, 2022 3:57 pm 
Offline
Gold Member
User avatar

Joined: Tue Apr 05, 2016 7:58 pm
Posts: 1424
Location: San Marcos, CA
That's an interesting little bit of information. I'll hold my personal thoughts to myself as it will most likely divert to political quite fast I think. As almost anything like this does these days. If it isn't already.

_________________
The Gem Garden
San Marcos, CA


Top
 Profile  
Reply with quote  
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 2 posts ] 

All times are UTC - 4 hours


Who is online

Users browsing this forum: No registered users and 26 guests


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to:  
Powered by phpBB © 2000, 2002, 2005, 2007 phpBB Group
Gemology Style ported to phpBB3 by Christian Bullock