The disruptions around Russian diamonds are being felt through the global industry, which was already facing a shortage of rough stones even before the war in Ukraine.
Silver and wood products from Russia will also be prohibited and tariffs will be increased by 35% on 130 million pounds ($170 million) worth of diamonds and other products,
While Zimbabwe has the world’s third-biggest reserves of platinum-group metals, plus gold, diamond and chrome mines, development has been stymied by political instability.