February of the year two thousand and twenty-two. The giant Al-Ras company revealed
for an announcement described Balmmazar. She said that she will display a rare diamond of caliber
two hundred and forty-two carats. And that for sale at public auction in
is located in Dubai, UAE. At that time, that diamond was classified as the largest
producer of rough diamonds in the world. However, the dazzling diamond and its price
Expensive certainly will not be the focus of our conversation today. Rather, the company that
She showed it to the world and behind her the Russian state. Russian diamonds are the wealth of
Moscow's hidden announcement. Today, the world is talking about Russia's oil wealth in
gas and even grains. Since Vladimir Putin announced his recognition
separatist regions of Ukraine came down to
economic countries on his country, which began with the country's financial sector. Then
the wealthy class in Russia, or what the US president is a
for a lucrative. With the launch of the ground invasion of Ukraine, those
rapidly, sanctions affected several sectors, including political and sports. Nevertheless, it
, the Russian energy sector has remained immune to these sanctions, despite
Germany continued to suspend the project to transport Russian gas. Which in fact didn't work
has so far. As the Russian oil and gas imports continued to flow
towards Europe. However, there is an entire sector that no country has talked about.
or more precisely, no one dared to approach it. Except a Russian
diamond . While the Russian-Ukrainian war continues.
Big jewelry stores and diamond companies are afraid of the material being cut off,
rough diamonds, as Russia is one of the largest diamond producers in the world. As it represents
of about thirty percent of the global market, by one
the sanctions, which, although considered a private company, were in fact in the
is supported by the state and has a monopoly on diamond mining and sending it to the West. In
a complex process that may be impossible to stop the flow of Russian
to the world. In fact, the Russian Federation does not issue diamonds in its own name. Rather, it is issued by
as a raw piece to India. Where it is cut and polished there. Then it turns into
, an Indian product, not a Russian one. This is due to the US customs rulings
is because cutting and polishing of the raw material is considered a transformation.
in the product. Thus, it became an Indian product. A few days ago, it was announced
banning the import of Russian diamonds. However, many
companies importing diamonds from India. It is actually sourced
Russian. The Indian government also issued a statement saying that Alrosa
will not stop the flow of diamonds to it. She confirmed that she is continuing her work
as usual. The question remains, what will happen if the flow of diamonds
Russian source . Russia leads the world in diamond production. Great terms
possession of more than a dozen major diamond mines. What makes it the
talk in the world. In the year two thousand and eighteen alone. Mined
Russia, there are about forty-three million carats of diamonds. Most of them have been
to extract them from the Siberian Yakutia region. The numbers indicate that the
Russia's diamond resources amount to nine hundred and seven million
carats. Among them is a huge reserve estimated at more than six hundred million
carats. In fact, most of these quantities fall into the hands of the Way Company and the decisions
diamonds
companies and industrial bodies around the world. This is because
the company, a major source of
the world. Which in turn has not disclosed since the start of the Russian invasion about
completed or stopped importing diamonds from the Russian company. It is
when we talk about sanctions, we return to talking about Russia's massive diamonds. In
of the year one thousand nine hundred and fifty-five, during an expedition, she described
of the greatness carried out by a number of Soviet geologists. Russian oil
the Mir mine in eastern Siberia. And through the pictures, you might think that
a huge hole in the ground. But it is literally a city of diamonds and is considered
of the largest mines in the world. As the depth of the pit reaches one thousand and seven hundred
Twenty-two feet. With a diameter of one mile. According to the estimates
financial planes were exposed. That huge hole is worth seventeen points
six, not counting the reserves that have not yet been discovered in it.
and the interesting information about the city of diamonds was that the airspace
above it was completely closed, after several
to a strange attraction to it at different times. And because
the mine, which is located in one of the coldest regions in the world. A company has resorted to
last years expanded to use in diamond mining. This
destroy the layer of ice that covered the mine and the entire area. As the
the discovery of the mine, which will bring a door to work for the entire region. Until it turned out to
an entire city, all of whose residents work with a diamond company. It was a construction company,
Russia announced in the year two thousand and ten its intention to build a huge city,
near the mine. It said at the time that it would use solar energy to generate
electricity in the city. In light of the talk about the helicopter stopping, the announcement came
on extracting diamonds from the mine. However, the mining company returned
work on it after years. The project has been partially suspended. Back to the file
sanctions. Washington is betting on implementing a plan similar to the plan to replace
was discovered . As counting on countries such as Botswana and Congo
the Democrats to Australia to compensate the Russian diamonds if it decided to force
sanctions on its import. These countries are among the largest exporters of diamonds
rough in the world. But at the same time, it does not compete with Russia in
. Botswana produces about twenty-three million carats annually.
which represents sixty percent of its exports. It also includes mines from Europe
Guaneng. Which is considered the most productive mine in the Congo
democracy was extracted in the year 1919 alone
nineteen million carats, with a continuous rise until today. While extracting and
fourteen million carats of diamonds annually. Also,
rough diamonds, not limited to those countries only. There are huge mines
in America and Canada. However, it cannot meet any of the needs of
around the world from if the flow from Russia stops. This is because
it only suffices the needs of the countries in which it is located. Just as diamonds are not limited
of them turn on jewelry in general. Rather, it has a major role in many
Other industries, led by the heads of oil rigs. As most
, the diamond is used as its head because it is unbreakable. Australia is
continuous needs that any country may need at any moment. It is also the biggest
large number of jewelry stores in
around the world. Since the sanctions against Russia began. The planet has witnessed
for a
from the commercial and economic sectors stops. And imposed sanctions on the
to a new sector, they will inevitably impose a new crisis that the world may not be able to overcome, just as
a previous event.