How Russian sanctions could impact the diamond industry

Yahoo Finance published this video item, entitled “How Russian sanctions could impact the diamond industry” – below is their description.

#Russia

Founder & CEO of Diamond Cutters International Fred Cuellar, also known as “The Diamond Guy”, sits down with Yahoo Finance Live’s Karina Mitchell to discuss disruptions to the diamond industry due to the Russian invasion and sanctions, pandemic-era trends in engagement ring sales, comparisons to oil trading, and the forecast on diamond prices.

Yahoo Finance YouTube Channel

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In This Story: Russia

Russia, or the Russian Federation, is a transcontinental country located in Eastern Europe and Northern Asia. It extends from the Baltic Sea in the west to the Pacific Ocean in the east, and from the Arctic Ocean in the north to the Black Sea and the Caspian Sea in the south.

Russia spans more than one-eighth of the Earth’s inhabited land area, stretching eleven time zones, and bordering 16 sovereign nations. Moscow is the country’s capital.

The Soviet Union was dissolved in 1991 and since 1993 Russia been governed as a federal semi-presidential republic. Russia is a major great power, with the world’s second-most powerful military, and the fourth-highest military expenditure. As a recognised nuclear-weapon state, the country possesses the world’s largest stockpile of nuclear weapons.

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