Will the price of natural diamonds go up? The Group of Seven is discussing sanctions on Russian diamond exports. The US CNBC website reported a few days ago that the Group of Seven is discussing sanctions on Russian diamond exports. Once the measures take effect, global prices of natural diamonds could be pushed up as a result. At present, the G-7 is discussing specific measures for Russian diamond exports, especially how to use technology to trace the original source of diamonds and confirm that diamonds come from Russia.