MOSCOW, April 5 The ban on the import of Russian non-industrial diamonds introduced by Japan is demonstrative in nature, since insignificant volumes of jewelry went to this country, Maxim, the chief strategist of the investment company Vector X, shared his opinion Khudalov.
It was previously reported that Japan is introducing a ban on the import of non-industrial diamonds of Russian origin. The measures were adopted by a government decision on Friday, will be officially announced on April 10, and the ban will come into force on May 10.
“»Non-industrial supplies, in principle, account for only 10% of Russian exports, while completely insignificant volumes of jewelry went to Japan, so there’s not even anything to talk about statistically here. Thus, the ban is demonstrative in nature «- commented the expert. He also noted that the main sales destinations for Russian diamonds are India and China.
Russia exported at least $2 billion worth of diamonds to the world market in 2023, while Japan accounted for only 0.05% of all supplies, calculated. Japan bought them from Russia last year for $914,000. And the main suppliers of diamonds for the country were India (55% of Japanese purchases), Belgium (16%) and Israel (9%), which did not mine their own stones.