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Alrosa Resumes Rough Diamond Supply to India

Payments, according to reports, “are being made in Euro via banks in Germany”
Diamond Sorting
Credit: Alrosa

After the suspension of rough supply to India following Russia’s invasion of Ukraine last month and the removal of Russian banks from SWIFT, Russian mining giant Alrosa has resumed its rough shipments to India, IDEX Online reports. Payments, according to reports, “are being made in Euro via banks in Germany.”

 

According to Colin Shah, Chairman of India’s Gem & Jewellery Export Council (GJEPC) in an interview given to India’s Economic Times, “orders for these diamonds were placed in early March, according to the sightholding schedule of Alrosa. They are coming now.”

 

Recently, Alrosa announced that it will close its New York office by the end of April following the Russia-Ukraine conflict “and the subsequent sanctions on diamond imports.”

 

diamond mining trucks Russia
Credit: Alrosa


Tags: Diamonds News, Jewelry News, Diamond Industry News, Alrosa News, India News

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