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De Beers sold Russian diamonds in US despite sanctions after Ukraine invasion

By Noëmie Leclercq

Published on 25.05.2023 at 05:00 GMT Reading time 3 min

De Beers claims to source its diamonds only from Africa and Canada, but last year it sold stones of Russian origin in the United States. The firm also bought diamonds in 2022 from the Russian firm Alrosa via an Israeli company.

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Russia, United States
De Beers sold Russian diamonds in US despite sanctions after Ukraine invasion

De Beers claims to source its diamonds only from Africa and Canada, but last year it sold stones of Russian origin in the United States. The firm also bought diamonds in 2022 from the Russian firm Alrosa via an Israeli company.

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This article is part of this Running Story

Read also

Spotlight
Luxury brands scramble to protect their trademarks in Russia

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Luxury sector frets over De Beers sale

De Beers leads charm offensive in China

De Beers continues crusade against synthetic diamonds in NYC

Spectre of Russian sanctions looms over synthetic gem sector

Antwerp diamond traders cut fresh deals to bypass EU sanctions

Lacoste sidesteps sanctions to keep sales in Russia afloat

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De Beers

Russia, United States De Beers sold Russian diamonds in US despite sanctions after Ukraine invasion

De Beers claims to source its diamonds only from Africa and Canada, but last year it sold stones of Russian origin in the United States. The firm also bought diamonds in 2022 from the Russian firm Alrosa via an Israeli company.

This article may be accessed by subscribers

Do you want a free trial before subscribing?

Create your free account

create a free account

This article is part of this Running Story

Read also

Spotlight Luxury brands scramble to protect their trademarks in Russia

Spotlight Luxury sector frets over De Beers sale

De Beers leads charm offensive in China

De Beers continues crusade against synthetic diamonds in NYC

Spectre of Russian sanctions looms over synthetic gem sector

Antwerp diamond traders cut fresh deals to bypass EU sanctions

Lacoste sidesteps sanctions to keep sales in Russia afloat

Document De Beers and Russian diamonds: Following up on our revelations

Looming Russian diamonds' embargo fails to take shine off sales of its coloured stones

In Focus Madagascar sapphire mine exposes jewellery firms' hollow 'ethical' claims

Family office of Sheikha Moza's luxury adviser loses two key associates

Jewellers desperately seeking celebrities

'Zé' Obiang: a loyal but tricky customer for luxury's big names

Spotlight Luxury sector eludes effort to seal Ukraine sanctions loopholes

Kimberley Process secretariat moves into Gaborone offices at last

Russian diamonds row paralyses Kimberley Process annual meeting

Mnangagwa's visit to Russia reactivates Alrosa's diamond mining plans

Sanctions-hit Alrosa's woes impact on continent's diamond producers

Ukraine-Russia: Oligarchs' African mining projects struck hard by economic sanctions

Headlines

Related topics to this article

Headlines

Related topics to this article

About Glitz

Subscription

Glitz on social media

Indigo Publications' websites

Russia, United States
De Beers sold Russian diamonds in US despite sanctions after Ukraine invasion

Spotlight
Luxury brands scramble to protect their trademarks in Russia

Spotlight
Luxury sector frets over De Beers sale

Document
De Beers and Russian diamonds: Following up on our revelations

In Focus
Madagascar sapphire mine exposes jewellery firms' hollow 'ethical' claims

Spotlight
Luxury sector eludes effort to seal Ukraine sanctions loopholes