loader image
Connect with us

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.

Published

on

628 Views

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.

Continue Reading
Advertisement JewelBuzz Banner
Click to comment
Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

DiamondBuzz

Motorsport Meets High Jewellery: Hannah St John Turns Heads with ‘La Velocita’ Diamond Necklace at F1 Event

A 25-carat, 1,800-diamond Masterpiece Inspired by Formula 1 circuits Takes Centre Stage at the Glamour on the Grid ahead of the Australian Grand Prix

Published

on

1,866 Views

At the glamorous lead-up to the Australian Grand Prix, Hannah St John, partner of Liam Lawson, made a striking statement at the Glamour on the Grid event with a one-of-a-kind diamond necklace that seamlessly blended motorsport and haute jewellery.

Titled “La Velocit” (The Speed), the necklace was crafted by Australian atelier Martin Rogers Jewellery. The extraordinary piece features approximately 1,800 diamonds totalling 25 carats, intricately arranged to trace the outlines of iconic Formula 1 circuits from the global racing calendar.

A true testament to craftsmanship, the necklace required an estimated 250–300 hours of meticulous handwork, including weeks dedicated solely to precision diamond setting. Valued at around AUD $500,000 (approximately $350,000 USD), the piece stands as a bold fusion of speed, design, and luxury artistry.

Blurring the lines between engineering inspiration and fine jewellery, “La Velocità” captured attention across the paddock, proving that Formula 1’s influence extends far beyond the track.

Continue Reading

Trending

JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.

We would like to hear from you...

GET WHATSAPP NEWS ALERTS

0
Would love your thoughts, please comment.x
()
x