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diamond industry

​A French navy boat intercepts and redirects a suspected Russian oil tanker in the Gulf of Fos-sur-Mer, near Martigues, France, on January 25, 2026.
Hard Numbers

Hard Numbers: Russia reportedly smuggles its oil in droves, Tunisia slips further away from democracy, Argentina’s labor reform bill clears another hurdle, Rough day for diamond giant

$90 billion: The amount of revenue that Russia has reportedly made from smuggled crude oil exports, after 48 companies worked together to help disguise the origin of the oil and circumvent sanctions that have been imposed since the full-scale war on Ukraine began.

​Firefighters and rescuers mourn next a makeshift memorial outside the "Le Constellation" bar in southwestern Switzerland, on January 4, 2026.
Hard Numbers

Hard Numbers: Police identify victims of Swiss ski resort fire, Botswana puts citizenship up for sale, Violence rocks Nigeria again, & More

​An Israeli activist records illegal settlers driving past a village in Masafer Yatta in the West Bank, on October 28, 2025.
Hard Numbers

Hard Numbers: Israel arrests violent settlers, US House ends extended recess, Botswana eyes majority stake in diamond giant, & More

A jewelry store in the Diamond District of Manhattan, New York City, USA, on August 6, 2025.
Analysis

Diamonds are forever, but their high prices aren’t

GZERO spoke to Eurasia Group’s Commodities Director Tim Puko to better understand why the diamond industry has tanked, and the consequences of this for geopolitics.

​The letters "DDPF" are seen tagged on a wall of the Aix-Luynes Penitentiary Center in Aix-en-Provence, France, on April 15, 2025.
Hard Numbers

HARD NUMBERS: Terror hits French prisons, UK court defines "woman", Donald dulls diamonds, Wall Street mints money from chaos, India charges Gandhis with money laundering, Protests erupt in Tunisia