Alerts & Updates 11th Mar 2024

The Implementation of EU’s Restrictions on Third-country Processed Diamonds and Jewellery


Sanjay Notani Partner | Mumbai
Ambarish Sathianathan Partner | Mumbai
Harika Bakaraju Principal Associate | Mumbai

Latest Thought Leadership

Articles 14th Jun 2024

Digital Bouncers: Navigating the Digital Competition

Read More
Articles 14th Jun 2024

SEBI Imposes Financial Penalties on Market Infrastructure Institutions For Surveillance Failures

Read More
News & Media 13th Jun 2024

Compensation claims plunge as SEBI crackdown intensifies

Read More
News & Media 12th Jun 2024

50% assured pension for central govt staff under NPS: Proposal explained

Read More

Amidst the ongoing Russia-Ukraine conflict, the evolution of sanction measures continues. Several critical sectors of economic importance to Russia have been targeted by G7 countries – a prominent recent example being the EU’s restrictions on the import of Russian natural diamonds (rough and polished) and jewellery processed in third countries.

Given the significant trade between Russia and India on the one hand and India and the EU on the other, these EU restrictions are expected to have significant market ramifications for Indian exporters of diamonds.

This update provides a high-level overview of the aforesaid EU’s restrictions and important considerations for the Indian diamond industry.

Read the detailed update here