CLEAN : Ukraine war robs India's 'Diamond City' of its sparkle

The video discusses the increasing dependency on South African mines and how it affects diamond prices. It highlights the impact of Ukrainian tools used in Angola and the lack of replacements due to geopolitical issues. The transcript also covers the significant role of Russian imports, particularly from Alrosa mines, and how sanctions on Russia are influencing the diamond market. Various remarks on the diamond industry and market conditions are also included.

What is one of the main reasons for the dependency on South African mines?

• Lower costs in South Africa

• Higher quality diamonds in South Africa

• Lack of tools from Ukraine

• Increased production in South Africa

What is a challenge faced by Angolan mines?

• Excessive diamond supply

• High operational costs

• Shortage of Ukrainian tools

• Lack of skilled labor

What is a consequence of the reduced availability of rough diamonds?

• No change in market prices

• Increased market prices

• Stable market prices

• Decreased market prices

Which country is a major source of rough diamond imports?

• South Africa

• Ukraine

• Russia

• Angola

What is the impact of sanctions on Russia in the diamond market?

• Increased diamond supply

• Improved diamond quality

• No impact on diamond supply

• Decreased diamond supply

What percentage of rough diamonds are imported from Russia?

• 50%

• 40%

• 30%

• 20%

What issue is mentioned regarding the workforce in Russia and Ukraine?

• Improved working conditions

• Increased wages

• Expansion of workforce

• Workers returning home