Belgium Calls For Global Boycott of Russian Diamonds

By John Jeffay / January 30, 2023 / www.idexonline.com / Article Link

(IDEX Online) - Belgium's prime minister has again said opposes an EU ban on Russian diamonds, calling instead for a global boycott.Alexander De Croo (pictured) was speaking as the 27 EU members prepared to implement a 10th round of sanctions.He said the only effective way to stem the ongoing flow of Alrosa's goods would be if all Western nations signed up to a ban, backed by a watertight traceability system."Russian diamonds are blood diamonds," he said in a statement to the Politico, the Brussels-based politics website."The revenue for Russia from diamonds can only stop if the access of Russian diamonds to Western markets is no longer possible. On forging that solid front, Belgium is working with its partners." Belgium's imports of Russian gem quality diamonds have fallen by an estimated 80 per cent, largely because of unofficial boycotts by individual jewelers.

Recent News

Mining stocks not looking expensive versus returns

June 15, 2026 / www.canadianminingreport.com

Gold stocks gain even as metal declines

June 15, 2026 / www.canadianminingreport.com

Gold stocks plunge on metal and equities slump

June 08, 2026 / www.canadianminingreport.com

Market sees substantial chance of rate hike by end of year

June 08, 2026 / www.canadianminingreport.com

Minera Alamos expects major near-term rise in production

June 01, 2026 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok