The world's largest gem trading service RapNet refused to trade diamonds from Russia due to sanctions against the aggressor country. This was announced by the company.

The ban applies to all gems shipped from the Russian Federation after February 24, as well as those made from Russian raw materials..

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The company also notes that, for moral reasons, buyers refuse to buy diamonds produced in the Russian Federation and cut outside of Russia.. Monetary Sanctions Prevent Imports of Rough Diamonds to Cutting Centers.

“After all, now every retailer should ask suppliers: do I buy Alros diamonds,” RapNet added..

The company also does not rule out the possibility of a shortage of polished diamonds on the market due to sanctions.. About 30% of diamonds consumed in the world were produced in Russia. Most Russian diamonds were cut in India, which produces 95% of the world's polished diamonds. Sanctions against Alrosa were introduced by the United States on April 8. As it became known earlier, Britain will raise tariffs on imports of platinum and palladium from Russia and Belarus. New sanctions measures aim to further weaken the Russian war machine.