Media: The West fails to declare Russian stones to be "blood diamonds."

Moscow has scuttled a plan endorsed by the West to bar its precious stones from being sold on international markets.

According to recently released letters, Reuters on Thursday reported that Russia, the largest producer of diamonds in the world, had successfully thwarted a Western-backed move to stop the country's gems from being sold on the international market.

The proposal, which had the backing of the EU, Australia, Britain, Canada, and the United States, sought to enlarge the Kimberley Process Certification Scheme's definition of conflict diamonds (KPCS).

The Western allies allegedly intended to discuss the matter at an upcoming gathering in Botswana from June 20 to 24.

In order to "ensure that diamond purchases were not fueling violence by rebel organisations and their sympathisers aiming to destabilise legitimate governments," the UN established the KPCS in 2003.

After terrible civil wars in Angola, Sierra Leone, and Liberia, which were largely supported by the illicit diamond trade, the plan was created to end trafficking in so-called "blood diamonds." To officially classify Russian precious stones as "conflict diamonds," the term would need to be expanded.

The drive comes as Russia is being subjected to unprecedented sanctions because of its military campaign in Ukraine. The greatest producer of rough diamonds in the world—Alrosa, Russia's which made up around 30% of worldwide production in 2021—has already been subject to sanctions from the US and the UK.

The topic was apparently deleted from the agenda after protests from Mali, Russia, Belarus, the Central African Republic, Kyrgyzstan, and the Central African Republic, according to a draught of the agenda dated May 20.

Jacob Thamage, the chair of Botswana's Kimberley Process, reportedly informed the attendees, which included 85 nations, business representatives, and civil society organisations, that "we find ourselves at a stalemate."

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