Japan Joins Ban on Russian Diamonds

By John Jeffay / December 21, 2023 / www.idexonline.com / Article Link

(IDEX Online) - Japan, as one of the G7 nations, will join the ban on importing of non-industrial diamonds from Russia.But the move is more symbolic than anything, given that total imports amounted to under $400,000 in 2022.The Japanese government announced the diamond sanctions as part of new round of sanctions being implemented in view  of what it described as "the current international situation over Ukraine, and for the purpose of contributing to the international efforts for achieving international peace".Japan's total imports of polished diamonds in 2022 were just $544m. For context the US imported almost $25bn.Japan, which hosted the G7 summit in Hiroshima in May, has pledged "unwavering solidarity" with Ukraine in a part of the world where many governments have failed to take a stand. Pic shows Japan's parliament building in Tokyo. 

Recent News

Mixed outlook for gold as it remains range bound for past three months

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on flat metal price

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on metal decline

June 23, 2025 / www.canadianminingreport.com

Huge quantifiable rise in geopolitical, economic and trade risks

June 23, 2025 / www.canadianminingreport.com

Platinum clearly ahead of palladium for first time in seven years

June 16, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok