G7 nations have planned to block the entry of which country’s diamonds into their markets?

Beginning on January 1, 2024, the G7 countries will prohibit the direct importation of rough diamonds from Russia. Beginning on March 1, 2024, the prohibition will also apply to Russian diamonds that have undergone processing in foreign nations. By early September, the G7 will also have a fully traceable system in place. With traceability systems in place, the restrictions will be extended to half a carat or less in September for diamonds weighing one carat or more.