Q. Which country is world's biggest producer of rough diamonds as of 2023?
Answer:
Russia
Notes: Russia is the world's biggest producer of rough diamonds that the G7 nations have announced a ban on imports from starting January 1st. This is part of the bloc's broader measures to limit Moscow's revenues that aid its invasion of Ukraine. The G7 also plans to introduce a system to trace the origin of diamonds by September to prevent circumvention of the ban.
India, which is home to 90% of the world's diamond cutting and polishing industry centered in Gujarat, is critical for implementation of the G7's ban on Russian diamond imports. India has urged the G7 to delay the ban citing lack of clarity around rules to trace origins of gems and possible sensitive data sharing requirements that Indian businesses are uncomfortable with.