The embargo, proposed by Belgium where the city of Antwerp is the world's No 1 one diamond trading hub, will come into effect in January, one of the government officials, who asked not to be named, told reporters in Brussels
If the ban on the multi-million dollar trade is announced as anticipated, this would lead to a split in the global diamond market as the G7 accounts for close to 40% of this market
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Source and Credit: nasdaq.com
