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  Saturday, June 25, 2022
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The Russian government approved on Friday an import duty on uncut
The Russian government approved on Friday an import duty on uncut diamonds at 10% of their customs value.

The previous import duty on diamonds, imposed last June, also stood at 10% of their customs value.

The resolution was signed by Prime Minister Viktor Zubkov and will come into effect a month after its official publication date.

Russia's major diamond producer Alrosa, which accounts for 97% of Russian and 25% of global diamond output, sold diamonds worth $146.7 billion in 2007.


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