The G7 are working on an inspection regime aimed at targeting Russian diamonds and drying up Kremlin revenues. But doing so could destabilize a global industry.
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If you have worn, touched or looked at a diamond that has been cut and polished in the last ten years, there is a high probability that it was worked in Surat, India. More than 90 percent of the world’s diamonds are produced in India, and the historic trading city on the north-west coast is the industry’s capital.
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Source: Stern