US Diamond Importers Must Declare Country of Origin
February 09, 25
(IDEX Online) - New rules announced by US Customs and Border Protection (CBP) will require all diamond importers to declare the country of origin of all goods.
The move, to be implemented in April, is aimed at enforcing sanctions on Russian diamonds.
Importers have been required, since last March, to certify that their goods are not Russian, but not to disclose where they are from.
The G7 nations - including the US and EU - imposed a ban on Russian diamonds of 1 carat or more from March 2024 and on goods of 0.5 carats or above from September 2024.
Despite the sanctions, Russia is still thought to be exporting 40 per cent of its diamonds output because they are below the size threshold or industrial quality.
The US Customs and Border Protection (CBP) said in a statement that it plans to start collecting additional data in April on jewelry imports (and seafood) requiring filers to provide the country of mining.
They'll be required to upload a PDF document on official company letterhead to CBP's automated commercial environment (ACE) document image system.
The requirement applies to both loose diamonds and jewelry containing diamonds. Jewelry imports without diamonds are exempt.
The carat size threshold is not mentioned in the CBP announcement.