Tag Archives: Russia sanctions loom over India’s diamond hub

NEW DELHI: The prospect of fresh G7 sanctions on Russia’s diamond trade weighs heavy on India’s diamond hub of Surat, already reeling from supply cuts and falling demand. Some 90 percent of the world’s diamonds are cut and polished in the bustling port. A world away from the glamorous boutiques of New York or Tokyo, hundreds of thousands of craftsmen …

Read More »