OREANDA-NEWS  The ban imposed by Japan on the import of Russian non-industrial diamonds is demonstrative, since insignificant amounts of jewelry were sent to this country, Maxim Khudalov, chief strategist of the Vector X investment company, shared his opinion with RIA Novosti.

Earlier it was reported that Japan is imposing a ban on the import of non-industrial diamonds of Russian origin. The measures were taken by the government's decision on Friday, will be officially announced on April 10, and the ban will come into force on May 10. "Non-industrial supplies, in principle, account for only 10% of Russian exports, while absolutely insignificant amounts of jewelry went to Japan, so there is not even statistically anything to talk about.

Thus, the ban is demonstrative," the expert commented. He also noted that the main sales areas of Russian diamonds are India and China.

Russia exported at least $2 billion worth of diamonds to the world market in 2023, while Japan accounted for only 0.05% of all shipments, RIA Novosti estimated. Japan bought them from Russia last year for 914 thousand dollars. And the main suppliers of diamonds for the country were India (55% of Japanese purchases), Belgium (16%) and Israel (9%), which did not produce their own stones.