The Kimberley Process statistics indicate that Russia is still promoting diamonds strongly, with 2022 exports of 36.7 million carats valued at $US3.87 billion ($AU5.8 billion). Holding back important volumes would permit costs to stabilise and support the market within the brief time period. Although this would allow the smaller producers to sell extra or for better prices, the majors nonetheless account for 70 per cent of the global tough supply. Despite attempts by the US to stem the flow of Russian rough, the market found new methods to pay for it and direct the diamonds to the wheels in Surat…