Tiffany & Co. says it will stop buying new diamonds mined in Russia as pressure builds on companies to cut Russian products from their supply chains.
Tiffany is the second major U.S.-based jeweler to eschew the world’s top supplier of the gems. Tiffany’s restrictions, which it detailed in a statement set to be released Friday, are similar to those put in place earlier this month by Signet Jewelers Ltd., the owner of Zales and Kay Jewelers.
