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Attempts to sanction Russian diamonds are “ineffective: Alrosa official

G7 nations to attempt to curtail the flow of Russian diamonds into Western markets through sanctions are proving “ineffective,” according to Alrosa, the state-controlled Russian mining giant.

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The G7’s strategy hinges on preventing Russian gemstones from entering Western markets by implementing a system that can accurately track the origin of diamonds. This was initially slated for introduction in September 2024, following the initial sanctions in January 2024. However, the timeline has faced significant delays, first pushed to March 2025 and subsequently to January 2026. This postponement was largely welcomed by the diamond industry, which expressed concerns that a rushed implementation of traceability technology could lead to operational disruptions and inefficiencies.  

Karakchiyev seized upon these delays and the lack of a viable technological solution, directly criticizing the understanding of the US and EU officials regarding the intricacies of the diamond industry and the complexities of imposing unified sanctions. He highlighted the absence of a “technical solution” for tracing, which the G7 itself identified as a key condition for the sanctions to be effective.  

This situation presents a significant challenge to the G7’s geopolitical strategy. Without a reliable method to verify the origin of diamonds, Russian stones can potentially enter Western markets through indirect routes, undermining the intended impact of the sanctions. The delays in implementing traceability technology raise questions about the feasibility and effectiveness of using such measures in the complex global diamond trade.  

For the diamond industry, the postponement of traceability implementation offers a temporary reprieve from potential disruptions. However, it also underscores the ongoing debate surrounding the practicality and cost-effectiveness of different tracing solutions. The industry remains wary of solutions that could add significant costs or complexities to the supply chain without demonstrably achieving their intended goal of preventing the trade of sanctioned goods.

Pyotr Karakchiyev, head of international cooperation at Alrosa, asserted that the sanctions lack the crucial underpinning of robust traceability technology, rendering them largely toothless. Speaking at the Khozaktiv-2025 corporate forum in Astana, Kazakhstan, Pyotr Karakchiyev stated, “The sanctions that our adversaries dreamed up were supposed to affect us in a big way but they are not achieving the necessary effect, at least for them.” He further claimed that no other country possesses the capacity to offer the same diverse range of rough diamonds as Russia.

Looking ahead, the effectiveness of future sanctions on Russian diamonds will likely depend heavily on the successful development and implementation of a reliable and widely adopted traceability system. Until such a system is in place, Alrosa’s assessment of the current sanctions as “ineffective” appears to hold weight, highlighting a critical gap in the G7’s strategy to pressure the Russian economy through the diamond sector. The industry will be closely watching the progress towards a viable traceability solution and its potential impact on global diamond trade flows.  

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BrandBuzz

De Beers Group Rewrites the Diamond Story with ‘Intention Pendants’ for the Woman Who Chooses Herself

Where natural diamonds become expressions of intent for women shaping their own path

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De Beers Group taps into the modern ritual of intention-setting with the launch of ‘The Intention Pendant’ collection, where natural diamonds become intimate expressions of purpose and personal power. Designed for the woman who marks her milestones quietly yet deliberately, the high-glamour collection reflects a new language of self-gifting rooted in meaning, emotion, and self-belief. The launch speaks to a wider cultural shift, one where success is defined internally and luxury becomes a deeply personal signature.

For Gen Z and millennials, practices like manifestation, vision boarding, and ‘scripting dreams’ are no longer trends; they are core lifestyle rituals. Intention-setting has become a daily act of self-empowerment. De Beers Group captures this sentiment through a personal campaign narrative that features a young woman crafting a vision board and reconnecting with her inner clarity, with the pendant serving as her constant companion through quiet moments and self-discovery.

“Women today are choosing to celebrate themselves through everyday intentions. The Intention Pendants draw from the extraordinary legacy of natural diamonds while honouring this cultural shift,” said Toranj Mehta, Vice President of Marketing, De Beers Group India“Rooted in the extraordinary legacy of natural diamonds, this collection reflects a shift toward jewellery as a personal marker of growth. Each piece serves as a quiet reminder a woman wears for herself, honouring her inner resolve and the promises she makes to her future.”

The launch is supported by a comprehensive 360° campaign designed to inspire and engage across print, television, radio, cinema, outdoor, digital, and social media outreach. Leading Bollywood and sports icons including Tamannaah Bhatia, Athiya Shetty and Sania Mirza have created and shared their personal vision boards while wearing the pendants, amplifying authenticity and aspiration.

Each Intention Pendant features a natural diamond, formed over billions of years and shaped patiently by nature, carrying a sense of timeless continuity into the present. Refined through the forces of time, it stands as a lasting symbol of resilience and brilliance. Inspired by celestial forms and personal energy, the design brings this journey from nature’s heart to hers into a modern, wearable expression. Worn close to the heart, the pendant becomes a personal touchstone, subtly manifesting her best life while reflecting her intentions, inner strength, and the journey she continues to shape.

The Intention Pendant collection builds on De Beers’ global focus on self-gifting as an evolving expression of self-love. Across markets, natural diamonds are increasingly chosen to mark independent decisions, personal milestones, and moments of inner transformation, signalling a move beyond traditional gifting toward jewellery that reflects individuality and purpose.

Launching ahead of the year-end period of reflection, the collection aligns naturally with a season devoted to renewal, clarity, and intention. The Intention Pendant emerges not as a statement piece, but as a personal symbol, one that accompanies a woman quietly as she defines success on her own terms.

‘The Intention Pendant Collection’, serves as a reminder of one’s potential through the timeless beauty of a natural diamond and personal expression. De Beers invites you to connect with cosmic energy, flowing from nature’s core to your own.

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JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.

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