Diamond producers warn of pitfalls in G7’s Russia gem ban
The World Federation of Diamond Bourses (WFDB) issued an open letter on Wednesday calling on the G7 nations and the European Union to rethink the potentially “irreparable” market outcomes of its ban on Russia-produced diamonds.
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India urges G7 to delay ban on Russian diamonds as rules lack clarity
Mining News Pro - India has urged the Group of Seven (G7) countries to delay an incoming ban on Russian diamonds because the rules to trace the origins of gems remain unclear, two sources aware of the matter said.
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G7 announcement on Russian diamond ban expected by end of month
Mining News Pro - A G7 statement announcing a ban on imports of Russian diamonds is expected by the end of this month, followed closely by a proposal for the European Union’s 12th package of sanctions on Russia, diplomatic sources said.
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G7 to launch Russian diamond ban in bid to curb revenues, Belgium says
Mining News Pro - The Group of Seven (G7) countries is expected to announce an import ban on Russian diamonds in the next 2-3 weeks, Belgian officials told reporters on Friday, in a bid to tighten a squeeze on Russia’s capacity to finance the war in Ukraine.
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G7 to discuss diamond trade with future Russia sanctions in mind
Mining News Pro - Leaders of the Group of Seven (G7) nations will discuss how to trace Russian diamond trade at a summit this week with the aim of imposing restrictions at a later stage, an EU official said on Thursday.
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Biden urges G7 to stay together as leaders target Russian gold, oil price
Mining News Pro - US President Joe Biden told allies “we have to stay together” against Russia on Sunday as G7 leaders gathered for a summit dominated by war in Ukraine and its impact on food and energy supplies and the global economy.
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VW boss slams G7 leaders for not setting coal phase-out date
Mining News Pro - Volkswagen’s chief executive has taken aim at leaders of the Group of Seven (G7) for failing to set a firm date to phase out coal power and rejecting a proposal to halt the production of diesel and gas cars.
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Investors with $41 trillion urge G7 to end support for fossil fuels
Mining News Pro - A group of 457 investors, which oversees more than $41 trillion in assets combined, and a coalition of group of 79 company CEOs are calling on the G7 — Canada, France, Germany, Italy, Japan, the UK and US — to work harder on reducing greenhouse emissions and cut funding for fossil fuels.
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