NGO Hits out at Russia's "Conflict Diamonds"

By John Jeffay / March 22, 2022 / www.idexonline.com / Article Link

(IDEX Online) - Diamonds from Russia should be treated as conflict diamonds, says the US-based NGO Pact."These are objectively conflict diamonds: They're funding an armed conflict against a peaceful neighbour, by a state actor," said Cristina Villegas, director of its Mines to Markets operation.She was quoted by the London-based Guardian newspaper in a piece entitled "Jewellery industry accused of silence over Russian diamonds".Villegas criticized major industry groups for remaining silent on whether they would carry on buying Russian diamonds. "The situation with Russian diamonds is that they really became conflict diamonds overnight," she said."The silence is striking - and it's hard not to presume it's because much of the industry is hoping that this goes away or it's forgotten." Pact is a international development nonprofit that operates in nearly 40 countries.

Recent News

Energy outperforms gold and tech for first time in years

March 23, 2026 / www.canadianminingreport.com

Gold stocks crash along with metal price

March 23, 2026 / www.canadianminingreport.com

Mining stock ETFs slide, gold sector valuations high

March 16, 2026 / www.canadianminingreport.com

Rise in oil price a potential net gain for Canada

March 16, 2026 / www.canadianminingreport.com

Gold stocks slump partly on fears of cost increases

March 09, 2026 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok