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The new ‘blood diamonds’: the elaborate plan to halt Russia’s trade

G7 nations are working on an inspections regime to target the country’s gemstones, but risk destabilising the global industry

If you’ve worn, touched or seen a diamond which was cut and polished in the past decade or so, the chances are it passed through Surat, India.

India boasts more than 90 per cent of the world’s diamond manufacturing, and this historic trading city on the north-west coast is the industry’s capital.

Surat’s polishers, who sit in cramped offices hunched over abrasive wheels to transform rough rocks into dazzling gems, have won the city its reputation in part by tackling small gems hewn from Siberian mines.

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