Sales have plunged in 2023, following massive increases during the Covid-19 pandemic The world’s biggest diamond companies have made a series of increasingly desperate moves in an effort to stop this year’s freefall in prices, Bloomberg reported on Saturday.

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The change in the political situation around the world at the end of February 2022 significantly affected the economic sector of the Russian market. Most European and American brands that supported the sanctions policy against Russia closed or temporarily suspended their work within the Russian Federation, and opened, by so doing, new opportunities for their…