A tale of two diamond certification schemes: the Kimberley Process and the G7’s Russian diamond ban

January 22, 2024

The diamond trade is today faced with arguably the biggest crisis since the blood diamond controversy of the late 1990s. Once again this has to do with widespread concern that proceeds from mining and trading this precious symbol of eternal love are being used to finance conflict. This time the source of controversy are Russian diamonds, which represent about one third of the global production, an