G-7 Plans to Ban Imports of Russian Diamonds, Belgium Says

Plan includes mechanism to stop indirect purchases from Russia
Belgium, a leading importer, had demanded G-7 action

Russian rough diamonds are sorted and evaluated in Moscow.Source: Andrey Rudakov/Bloomberg

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By Lyubov Pronina and Thomas Biesheuvel

September 15, 2023 at 9:18 AM UTC

Updated on

September 15, 2023 at 10:12 AM UTC

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A ban on imports of Russian diamonds is expected to be agreed by Group of Seven nations in the next two or three weeks, a Belgian official said Friday.

The mechanism will consist of a direct ban on purchases, which would take effect on Jan. 1, as well as indirect ban, which would kick in more gradually, the official added.