India braces for G7 Russian diamond restrictions

Impact on Indian trade to be limited at first but could grow as ban broadens

20231220 Diamond India 2

India's diamond processing industry is awaiting more details about a G7 move to trace the origins of the precious stones. © EPA/Jiji

CATHERINE DE BEAUREPAIRE and KIRAN SHARMA, Nikkei staff writers

BRUSSELS/NEW DELHI -- India's diamond polishing industry is awaiting details from developed countries after the announcement of a widely expected ban on Russian imports of the precious stones earlier this month.

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