The Antwerp World Diamond Center was outraged following the Belgian Prime Minister’s speech at the UN General Assembly in favor of banning Russian diamonds, even though their share represents 30% of production. worldwide.

Sixteen representatives of the diamond industry, including world leader De Beers, are fiercely opposed to the introduction of sanctions against Russian diamonds, according to an article in Financial Times dated September 20 which refers to a “letter” addressed to the Belgian government by diamond dealers, to which he had access.

Diamond dealers were reacting to statements made on September 19 at the residence of the Belgian consul in New York, on the sidelines of the United Nations General Assembly, by Belgian Prime Minister Alexander de Croo. He then urged the jewelry sector gathered on this occasion to “go the last mile” to bring about the initiative to ban Russian diamonds that the G7 plans to implement.

On September 15, a Belgian official, preferring to remain anonymous, had already announced to Reuters journalists that a ban on Russian diamonds would be put in place from January.

This is another episode in the series of efforts by Western countries to ban these Russian gems. Also according to Reuters, Russian national diamond mining company Alrosa, which accounts for 90% of Russia’s diamond mining capacity, now constitutes 35-40% of the world’s supply.

Antwerp, diamond capital of the world

The concern of industrial players in Belgium is to see Antwerp dethroned from its role as world leader in favor of India or even Dubai. Diamonds worth $220 million are traded every day in Antwerp, or $47 billion a year. The city controls 86% of the world’s rough diamond trade and 50% of the polished diamond trade. It is home to the Antwerp World Diamond Centre.

For these reasons, Belgium plays a central role in discussions on the ban on Russian diamonds within the G7 (which represents 70% of the sales market) and the EU. According to the Belgian Prime Minister on September 19 in New York, “Russian diamonds now symbolize war and human rights violations.” He called for “making the system completely transparent.” (…) by January 1, 2024.”

The hunt for “blood diamonds”

Since the spring, Russian diamonds have constituted a new target for Western countries which are trying to weaken the Russian economy and reduce its ability to finance its armed forces engaged in Ukraine. The United States was the first to ban the import of Russian diamonds into its territory by a presidential decree of March 11.

On May 19, during the G7 summit in Hiroshima, the Belgian Prime Minister declared that “Russian diamonds are not (were) not forever” and that the G7 countries were going to “restrict the trade in Russian diamonds” to ” cut off Russia from its essential sources of income. However, Russian gemstones were not included in the eleventh EU sanctions package validated in June.

But on September 18, in anticipation of the twelfth package of sanctions, Poland proposed, through the Polish News Agency, to ban Russian diamonds.

The Western idea would be to set up a new traceability protocol which would rely on three control mechanisms, including the Kimberley process, an international certification system established in 2003 to stem the influx of conflict diamonds into the world. global market. According to Reuters, it would also use blockchain technology.

A bad solution?

Despite these elaborate measures, some consider this initiative to be ineffective and not without risks, like Tom Neys, spokesperson for the World Diamond Center in Antwerp. In an interview with Euronews on May 23, he affirmed that these measures would have “no impact on the Russian economy”, which would simply turn to buyers other than the G7 countries. In addition, it would “favor countries less attentive to the origin of diamonds and money laundering networks”.

RT All Fr2Fr

Exasperated, Villeurbanne residents challenge the dealers

A cosmic diamond in sight: this is the metamorphosis of a white dwarf – National Geographic in Spanish

Meghan’s mysteriously missing engagement ring: The Duchess ditches Harry’s glittering diamond trio in recent appearances – and she hasn’t been seen…

Unlocking the Enigma: How Supercontinent Breakups Unleash Diamond Eruptions

Explosive Diamond Eruptions Unveiled as Supercontinents Fragment

Added value for Russian diamond ban, as G7 and EU prepare sanctions

Ligue 1: beaten against FC Metz, Florian Sotoca and RC Lens want to take their “first three points against Toulouse”

Dominant against McGill, the Rouge et Or special teams commit two errors against the Carabins which cost ten points

“I am not against the police but against the police officers who killed my son”

LIVE – War against Israel: France condemns settler attacks against Palestinians in the West Bank

Demonstrators protest against the arrival of Russian tourists – RT in French

Russia warns against foreign armed intervention – RT in French

Lavrov warns against kyiv’s draft peace plan — RT in French

entry into NATO against the cession of territories by kyiv? Zakharova doesn’t believe it — RT in French

the anger against the authorities does not weaken – RT in French

Very upset, hundreds of Ajaccios demonstrate against drug trafficking – RT in French

German Minister Baerbock acknowledges the failure of sanctions against Russia – RT in French

Haftar launches a military operation against the Chadian opposition in the south of the country – RT in French

Republican candidates want strikes against Mexican drug cartels — RT in French

French expression of the day: File a complaint against X

Alex Jones: the conspiracy theorist returns to X after Elon Musk’s poll

Édouard Philippe proposes regularization “quotas” “to reassure those who fear conscription”

Palestinian journalists cover and experience the war in Gaza

Macron says Notre-Dame Cathedral will reopen on time

LSU quarterback Jayden Daniels wins 2023 Heisman Trophy

Israeli army chief of staff announces ‘increased pressure’ on Gaza

Telethon 2023 ends with more than 80 million euros in pledges

Salaries, recruitments, resignations… The social climate remains tense and threatens the Olympics

Weather: an atmospheric river arrives in France, four departments on orange vigilance

Uncertainty for the future of Mont Pinacle after the death of Daniel Langlois

Israel-Palestine War: Latest 10 Updates; US veto on ceasefire, ammunition sale, rising death toll and more

PS5: Disc stuck in drive – How to remove it safely

Paris Forum 2023 (en) – WAN-IFRA

4 departments on orange rain-flood or flood alert

A scientific commission on parenting launched Monday to “support overwhelmed parents”

Emergency landing of a plane in Villejuif: the impressive composure of the pilot

With a salary of $212,000: the highest paid mayor in Quebec is… in Varennes

Mass killings are being carried out in Gaza and the world is just watching. This cannot continue | Houssam Zomlot

Admin, money and chatter: 6 essential articles for life in France

Blue Jays’ next steps after signing Shohei Ohtani with the Dodgers

Source : yagendoo

Leave a Reply