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

Bank of Japan boosts rates, continuing an unwinding carry trade

December 22, 2025 / www.canadianminingreport.com

Gold stocks outperform equity market slide

December 22, 2025 / www.canadianminingreport.com

Silver inventories rebound in UK, output from major producers rises

December 15, 2025 / www.canadianminingreport.com

Silver's three-month outperformance continues

December 15, 2025 / www.canadianminingreport.com

Silver & Copper Supply Distortions Continue

December 08, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok