Demand for Southern African diamonds increases as Russian stones banned

Southern African diamond mining companies say there has been a marked increase in the demand for their diamonds since the ban on Russian diamonds. 

Alrosa, a Russian state-owned enterprise and the world’s largest diamond mining company, has been sanctioned by the US, Canada, the United Kingdom, New Zealand, and the Bahamas over Russia’s invasion of Ukraine.

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Anathi Madubela
Anathi Madubela is a business journalist with a keen interest in the retail sector.

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