De Beers reassures market its diamonds do not come from Russia

Diamond major De Beers is encouraging retailers to “buy with confidence” by engaging with their suppliers to understand the origin of their diamonds, following an executive order by US President Joe Biden banning the importation of Russia-sourced diamonds into the US.

Biden made the move as part of a broad package of sanctions against Russia, its State entities and political backers as a result of Russian President Vladimir Putin’s decision to invade Ukraine in February.