DiamondBuzz
EU Extends Deadline for Polished Diamond Traceability Requirements to January 2026
Traceability rules for polished diamond imports now delayed by nearly a year, allowing more time for global cooperation and system development.
The European Union has announced a delay in the implementation of traceability requirements for polished diamond imports, pushing the original deadline from March 2025 to January 1, 2026. This extension aligns with ongoing efforts by the G7 to refine governance and ensure fairness in the global diamond trade.
Under the new timeline, rough diamonds (classified under CN codes 7102 10 00 and 7102 31 00) will still require a certificate confirming their mining origin starting March 1, 2025, as per Council Regulation (EC) No 2368/2002. This certificate must clearly indicate the country or countries where the diamonds were mined, ensuring they are not sourced from Russia, in compliance with Regulation (EU) No 833/2014. However, for polished diamonds (CN code 7102 39 00), the mandatory submission of traceability evidence—proving they are neither mined, processed, nor produced in Russia—has been deferred until January 1, 2026.
The delay reflects the complexity of establishing a comprehensive traceability system and highlights the need for ongoing collaboration with G7 nations and other international partners. EU authorities stress that continued engagement and cooperation will be crucial for the effective implementation of these measures.
Kirit Bhansali, Chairman of the Gem & Jewellery Export Promotion Council (GJEPC), expressed satisfaction with the decision, stating, “The EU’s extension gives the Indian diamond industry crucial time to adjust and strengthens India’s position as a global leader in the diamond trade. We look forward to continued collaboration with the G7 and other stakeholders to ensure a transparent and sustainable diamond supply chain.”
The EU’s decision demonstrates its commitment to enhancing the G7 diamond traceability protocol, ensuring that the global diamond trade remains transparent and free from conflict-linked or sanctioned sources.
DiamondBuzz
Diamond Slump forces Debswana to diversify into copper, platinum and solar
Diamond-centric mining models is giving way to broader resource portfolios
Debswana Diamond Company, the 50–50 joint venture between the Botswana government and De Beers, is moving to diversify into copper, platinum and renewable energy as the prolonged downturn in natural diamond demand pressures earnings and forces the industry to rethink its growth strategy.
The company’s board has approved plans to invest in a portfolio of non-diamond projects after revenue fell 46% in 2024, the latest available financial year, highlighting the scale of the downturn in the global diamond market.

The move signals a strategic shift toward commodities with stronger long-term demand fundamentals, particularly copper, which is central to global electrification and energy-transition infrastructure.
Debswana’s diversification reflects a broader industry pivot as diamond producers confront weak consumer demand, rising competition from lab-grown stones and elevated inventories across the supply chain.
The shift is also visible among smaller exploration companies. Botswana Diamonds recently rebranded as Botswana Minerals, signalling its own strategic focus on copper exploration rather than diamonds.
Together, these moves underscore a growing consensus across the sector: the era of diamond-centric mining models is giving way to broader resource portfolios anchored in energy-transition metals.
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