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Ukraine War: How De Beers protects its diamonds

Ukraine War: How De Beers protects its diamonds

CLARA DENINA and HELEN REID DE BEERS, the world's No. 2 diamond producer, is stepping up efforts to formally track its products from mine to retailer, the company's CEO said, as Western customers want assurance that their purchases do not come from Russia. De Beers, a unit of Anglo American, is also looking to adjust its supply chains, CEO Bruce Cleaver told Reuters in an interview, as it sees rising demand in the United States for its diamonds after U.S. authorities banned the import of diamonds from Russia's Alrosa, the world's biggest producer. "Traceability and pipeline integrity are going to…
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