The diamond industry is a dynamic ecosystem undergoing significant transformation due to geopolitical pressures, shifting consumer preferences, and technological advancements. As of 2024, developments in this sector have highlighted both challenges and opportunities. Here’s a deep dive into the most recent updates, with a focus on the increasingly pivotal role of blockchain technology in diamond…

Introduction The impending decision by the European Union to impose sanctions on Russian diamonds from 2024 signifies a pivotal shift in the global diamond industry. These sanctions, part of a broader set of measures against Russia, not only respond to geopolitical tensions but also highlight the increasing importance of ethical sourcing and traceability in the…