"Glad to close the eyes": Tiffany and Cartier can buy diamonds from the Russian Federation - the media

Journalists found that one of the key intermediaries for the export of Russian diamonds to Europe is the United Arab Emirates (UAE). It is reported that Dubai uses "mixing practice" to mask the origin of mining products. Three diamond experts called Dubai "laundry" for the industry. In addition, according to the US law, Russian diamonds, cut in the third country, are no longer considered Russian.

According to journalists, 90% of all untreated diamonds in the world are seating in the Indian city of Surat. According to the authors of the investigation, the leading Russian manufacturer of diamonds of Alros continues to receive income and can use part of its profit to finance the Armed Forces of the Russian Federation. The alros produces diamonds in Siberia.

A third of the company's shares belongs to the Federal Government of Russia, another third belongs to the regional government, and the last third is sold to individuals in the stock market. Despite the US sanctions, Alros reported higher sales in 2023 than in 2022 and 2021. According to the insider, brands such as Cartier and Tiffany work only with a small number of reliable suppliers, but their trusted persons lacks the proposal to saturate luxury brands without Russian diamonds.

Yes, intermediaries who sell diamonds luxury brands buy "mixed origin" diamonds from other companies. One of the insiders also stated that he knows the buyer who purchases Russian diamonds and sells them to the Louis Vuitton Moet Hennesy group, which includes Tiffany. According to two insiders, luxury brands know that the numbers do not converge and "glad to close the eyes.

" Tiffany was rejected the accusations of the procurement of Russian diamonds, and in Cartier did not respond to journalists' information. We will remind, on October 11 the Ministry of Foreign Affairs of the Russian Federation appealed to the International Organization of Civil Aviation, stating that the closure of airspace and sanctions against Russian civil aviation "is a violation of the Chicago Convention by" the countries of the West.