Russia’s diamonds not forever

The European Union and the Group of Seven are pushing to curb Russia’s diamond trade in an attempt to cut off a source of funds, as Moscow continues its offensive in Ukraine

Russia's Alrosa mines diamonds in permafrost of East Siberia and sends them to India to be cut and polished

Annual rough diamond production (carats, 2021)
ZIMBABWE 4.23  
ANGOLA  8.72
SOUTH AFRICA 9.72
DR CONGO 12.97
CANADA 17.62
BOTSWANA 22.70
RUSSIA 39.12 
OTHER 3.67

TOTAL 118.75 carats, valued at $12.92 billion

Alrosa: Rough diamond exports in 2021 were worth $3.98 billion 

De Beers: 30% of diamonds came from its African mines, valued at $4.83 billion
   
$3.98bn
$4.83bn

Sources: Kimberley Process, Edahn Golan Pictures: Getty Images © GRAPHIC NEWS