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Calls for screening centre in India to comply with G7 sanctions



Indian officials are calling for their own diamond screening center to comply with new G7 sanctions, claiming a single-entry point in Belgium is increasing costs and putting jobs at risk. Indian officials say a dedicated screening centre in the country would streamline the process.


India's external affairs minister S Jaishankar raised the matter last week with a delegation that included the Belgian foreign Secretary Theodora Gentzis.

The GJEPC claims the sanctions are adding an extra three weeks to some shipments.Two thirds of all diamonds manufactured in India are sold to G7 countries and must now be verified as non-Russian at Antwerp's Diamond Office.

Exporters in India are concerned that the latest restrictions - introduced last month and outlawing Russian goods regardless of where they are cut and polished - are causing delays and pushing up rough prices.




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