BEWARE OF FAKE INSTITUTES WITH SIMILAR NAMES.
Skip to content
About Us
Courses
Videos
Gallery
Knowledge
Interview
Contact
Career
Career
Admission
Student Login
Admission
Student Login
Diamond Trade: G7 Sanctions,Alrosa,Surat Firms,Certification
UPSC Daily Current Affairs
Sep 29, 2023
Diamond Trade & Russia-Ukraine Conflict: A Guide to Sanctions & Compliance
Key Players
Global 7 Countries (G7):
United States, Canada, France, Italy, Germany, UK, Japan
Russia:
Specifically, Alrosa (Russian state mining company)
India:
Firms in Surat
Ukraine:
National Agency on Corruption Prevention (NACP)
Diamond Industry
Certification Bodies:
Gemological Institute of America (GIA)
Key Issues
Russia's War on Ukraine
Funding for War
Diamond Trade as Funding Source
Sanctions and Certification
Sequence of Events
G7 countries impose sanctions on Alrosa
Ukraine's NACP reports Surat firms still trading with Alrosa
Surat companies deny allegations
GIA offers traceability services
G7 plans stronger certification
India's GJEPC suspends trade with Alrosa
Panic in Surat's diamond industry
Issues to Address
Loopholes in Sanctions
Traceability of Diamonds
Effective Certification
International Cooperation
Complexity
Multiple Hands Involved:
A diamond changes hands 20-30 times
Multi-Country Involvement
Limitations in Existing Certification
Share:
Get a call back
Fill the below form to get free counselling for UPSC Civil Services exam preparation
Select Course
CSAT
2 Years General Studies Classroom Foundation Course
Mains Mastery Course 2025
1 Year General Studies Comprehensive Course
Optional Subject Course
General Studies Module Course
Submit
UPSC DAILY CURRENT AFFAIRS
Galathea Bay: India's 13th Major Port and a Gateway to the Indo-Pacific
Kalagan-Saravan Tragedy: Afghan Migrants Under Fire on the Path to Iran
COP16 in Colombia: Global Biodiversity
S4:India's new nuclear missile submarine
Defamation Laws in India: Balancing Free Speech With Dignity and Reputation
SATELLITE SPECTRUM ALLOCATION: FREQUENTLY ASKED QUESTIONS
SWAMI RAMDEV & ANR. VS. FACEBOOK, INC. & OTHERS (2019): DEFAMATION CASE
SUBRAMANIAN SWAMY V. UNION OF INDIA 2016: CRIMINAL DEFAMATION
SNAKEBITE DEATHS AND INDIA’S ANTIVENOM CHALLENGES
Kala-azar: India on the Verge of Eliminating,A Public Health Triumph
National Electricity Plan
National Commission for Women (NCW): A Quasi-Judicial Guardian of Women's Rights
Karva Chauth: A Celebration of Love, Devotion, and Longevity
Great Bear Sea initiative
Z-MORH TUNNEL: FAQs