G7 ban on Russian diamonds enters final phase as traceability rules bite
The final phase of G7 sanctions on Russian diamonds took effect on 1 January 2026, requiring a due diligence statement of origin for polished stones entering G7 markets.
The final phase of G7 sanctions on Russian diamonds took effect on 1 January 2026, requiring a due diligence statement of origin for polished stones entering G7 markets.
The Democratic Republic of Congo formally lifted its cobalt export ban on 16 October 2025, moving to a quota system after eight months of suspension that had roiled global battery-metal markets.
A US customs ruling that 1kg and 100oz gold bars from Switzerland were subject to tariffs briefly unsettled bullion markets, until Trump said gold would not be tariffed.
Debswana is seeking about $6bn on international capital markets to fund an underground expansion at Jwaneng that would keep the mine running to 2054.
Namibia's government trimmed its 2025 growth forecast to 4.5%, citing weak diamond markets and steep production cuts at De Beers as a drag on the economy.