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Natural Diamond Industry Pioneer Shines Bright Emerging From NACP’s International War Sponsor List

The company has refrained from buying any rough diamonds from sources within Russia that are subject to international sanctions, starting in January 2023.

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(PRESS RELEASE) Shree Ramkrishna Exports Pvt. Ltd. (SRK), the renowned diamond industry leader, announces that its name has been officially removed from the website of Ukraine’s National Agency of Corruption Prevention (NACP).

Transparency, integrity, and ethical conduct have always been at the heart of SRK’s operations. SRK exclusively sources rough diamonds from countries actively participating in the Kimberley Process, while ensuring certified origins free from conflicts. The company has refrained from buying any rough diamonds from sources within Russia that are subject to international sanctions, starting in January 2023. This decision aligns with SRK’s Rough Sourcing policy, which emphasizes responsible and ethical sourcing.

The global diamond industry leader also takes care to adhere to both national and international guidelines, complying with regulations from the United Nations, the Office of Foreign Assets Control (OFAC), and other relevant authorities. SRK firmly supports the cause of peace and is committed to participating in initiatives driven by the Group of Seven (G7) and India, through the Gems and Jewellery Export Council (GJEPC), to ensure responsible diamond trade.

The company, which deeply believes and upholds the Indian ethos of “Vasudev Kutumbakam,” signifying “One Earth, One Family, One Future”, has even pledged to follow the established procedures for handling Russian diamonds as determined by the G7 in collaboration with the Government of India. More details about SRK’s principles can be found here. However, it’s worth noting that according to NACP, SRK is the largest diamond company in the world.

“We extend our heartfelt gratitude to the NACP for their constructive assessment, which has led to the removal of our company from the list of war sponsors. Thank you for your support,” said Dr. Nirav Mandir, Chief Human Capital Officer (CHCO), SRK. “We at SRK emphasize our dedication to peace and harmony. We do not endorse or support any form of war or conflict anywhere in the world. Our business ethos is grounded in promoting goodwill, nurturing positive relationships, and upholding the highest standards of corporate and social responsibility.”

About Shree Ramkrishna Exports Pvt. Ltd. (SRK)

SRK is one of the world’s leading diamond crafting and exporting conglomerates. SRK’s annual revenue is around 1.2 billion USD. The company employs over 6,000 people and has played a pivotal role in transforming India’s contribution to the global economy over the last six decades. A purpose driven organization committed to what it calls ‘PURE’ trust, transparency, and tenacity, SRK is inspiring the gems and jewelry industry to prioritize ESG compliance and shed light on the urgent and necessary acceleration efforts for a zero emissions India and beyond. SRK is recognized as the most compliant company in the industry with the highest number of ISO, System & Process certifications. Rooted in the pursuit of equitable opportunity, upward mobility, and universal living standards, the pioneering diamond entity holds an unwavering dedication to ensuring sustainability and human welfare as the cornerstones of its business.

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