DiamondBuzz
Diamond sanctions “not feasible”: Russia deputy finance minister
The EU’s “softening of sanctions” was inevitable, according to Russia’s deputy finance minister Alexey Moiseev.He was speaking after the announcement last week that “grandfathered” goods – diamonds imported from Russia before the 1 January imposition of sanctions – would be allowed, and that the implementation of a traceability scheme had been postponed by six months to 1 March 2025.
“This is the next confirmation that what the Western countries propose is not feasible at this stage,” Moiseev said”As I said at the St. Petersburg [International Economic] Forum, this is the manifestation of a kind of a neocolonial policy of these countries, which infringes upon not merely Russia but also all the Western market players. I believe therefore this [softening of sanctions] was inevitable.”
Elsewhere in the Russian media, ABNews reports claims that EU countries have suffered a 25 per cent drop in diamond revenue so far this year, down from $3.59 bn to $2.69bn.
DiamondBuzz
SA Diplomatic Delegation Visits BDB
Focus On Strengthening Bilateral Ties In The Diamond Sector
A senior diplomatic delegation from South Africa, led by High Commissioner H.E. Professor Anil Sooklal and Consul General Gideon Labane, visited the Bharat Diamond Bourse (BDB) on 29 April, signalling focus on strengthening bilateral ties in the diamond sector.
The delegation was received by Anoop Mehta, President, BDB; Kirit Bhansali, Chairman, GJEPC; Mehul Shah, Vice President, BDB, and other committee members. Officials toured the BDB campus, reviewing its infrastructure and secure trading ecosystem.
South Africa remains a key source of rough diamonds globally, and discussions centred on reinforcing supply stability, expanding trade partnerships, and building long-term value for industry stakeholders. Both sides explored avenues to deepen institutional collaboration across the diamond pipeline.
Highlighting over 200 years of India-South Africa ties, Mehul Shah called for faster visa processing with longer validity for BDB members and employees to ease business operations and support smoother rough diamond flows. He also proposed showcasing rough diamonds from South African producers at the India Diamond Trading Company within the bourse, enabling wider access, particularly for MSMEs, to direct supply from mines.
Isha Ambani Turns Heads At Met Gala 2026 With Heirloom Diamonds and A Celebration Of Indian Craftsmanship
Natural Diamonds Sparkle On The Red Carpet At The 2026 Met Gala Celebrating “Costume Art”
Gifting Picks For Mother’s Day 2026 – Kushal’s Fashion Jewellery
Natural Diamonds Sparkle On The Red Carpet At The 2026 Met Gala Celebrating “Costume Art”
Isha Ambani Turns Heads At Met Gala 2026 With Heirloom Diamonds and A Celebration Of Indian Craftsmanship
Gifting Picks For Mother’s Day 2026 – Kushal’s Fashion Jewellery
-
GlamBuzz5 hours agoNatural Diamonds Sparkle On The Red Carpet At The 2026 Met Gala Celebrating “Costume Art”
-
GlamBuzz33 minutes agoIsha Ambani Turns Heads At Met Gala 2026 With Heirloom Diamonds and A Celebration Of Indian Craftsmanship
-
National News6 hours agoGifting Picks For Mother’s Day 2026 – Kushal’s Fashion Jewellery
-
National News8 hours agoWith Presence In 29 States and 240 Cities and 100+ Accredited-Partners, IAGES Aggressively Grows To 550+ Accredited Partner Outlets Pan India
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.