G7 Sanctions Will Harm Botswana’s Diamond Development, Officials Say

NewsBrief   March 25, 2024   G7 Sanctions Will Harm Botswana's Diamond Development, Officials Say The Group of Seven (G7) import restrictions targeting Russian diamonds will have a detrimental impact on Botswana's diamond trade and may reverse the gains the country has made in recent years, government officials told Rapaport News. Signet Says Shoppers Getting Wiser on Falling Lab-Grown Prices Last year saw highly promotional environment in natural and synthetics, according to CEO Gina Drosos.   Lucapa's Lulo Mine Yields 203ct. Rough Diamond is fifth-largest ever recovered from deposit.   Is India Importing Too Many Diamonds? Rough shipments reached 11-month high in February. News Digest Searches in Antwerp Expose Traders' MO to Bring in Banned Russian Rough (Times of India)   G7's Russian Diamond Plan Is Losing Support—Even in G7 (JCK)   Market Comment: March 21, 2024 (Rapaport) Events Rapaport Single Stone Auction March 20 — April 1 New York & Israel More Details   Rapaport Melee Auction April 9-18 New York & Dubai More Details   Rapaport Single Stone Auction April 10-17 New York & Dubai More Details RapNet Diamond Index (RAPI™) Diamond Data Size Index Weekly Monthly Y2Y  0.30 ct 1,401 -0.36% -0.99% -12.49%  0.50 ct 2,048 -0.19% 0.73% -22.51%  1.00 ct 5,976 -0.15% -0.20% -18.80%  3.00 ct 21,613 0.14% -0.79% -11.59% Rapaport Investment Grade Diamonds

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