DiamondBuzz
G7 traceability mechanism implementation delayed for a second time
Plans to support diamond sanctions on Russia with a blockchain-backed traceability mechanism have been delayed for a second time.The G7 and EU nations originally intended to implement the scheme on 1 September 2024, but in June 2024 it was put back to March 2025. And last week it was delayed again, until 1 January 2026.
The announcement was made last week in the 16th sanctions package against Russia, marking the third anniversary of its invasion of Ukraine.The postponement has been widely welcomed within the industry, where many feel the introduction would otherwise be rushed and poorly planned.
The Antwerp World Diamond Centre (AWDC) said an additional 10 months would give diamond companies time to prepare properly. The new sanctions package also requires diamond traders importing rough diamonds of mixed origin to present a Kimberley Process certificate listing all countries of origin “At this stage, there is still considerable uncertainty about how the traceability system will function and how it will be governed, and the G7 must first clarify these aspects,” said CEO Karen Rentmeesters
DiamondBuzz
SA Diplomatic Delegation Visits BDB
Focus On Strengthening Bilateral Ties In The Diamond Sector
A senior diplomatic delegation from South Africa, led by High Commissioner H.E. Professor Anil Sooklal and Consul General Gideon Labane, visited the Bharat Diamond Bourse (BDB) on 29 April, signalling focus on strengthening bilateral ties in the diamond sector.
The delegation was received by Anoop Mehta, President, BDB; Kirit Bhansali, Chairman, GJEPC; Mehul Shah, Vice President, BDB, and other committee members. Officials toured the BDB campus, reviewing its infrastructure and secure trading ecosystem.
South Africa remains a key source of rough diamonds globally, and discussions centred on reinforcing supply stability, expanding trade partnerships, and building long-term value for industry stakeholders. Both sides explored avenues to deepen institutional collaboration across the diamond pipeline.
Highlighting over 200 years of India-South Africa ties, Mehul Shah called for faster visa processing with longer validity for BDB members and employees to ease business operations and support smoother rough diamond flows. He also proposed showcasing rough diamonds from South African producers at the India Diamond Trading Company within the bourse, enabling wider access, particularly for MSMEs, to direct supply from mines.
Isha Ambani Turns Heads At Met Gala 2026 With Heirloom Diamonds and A Celebration Of Indian Craftsmanship
Natural Diamonds Sparkle On The Red Carpet At The 2026 Met Gala Celebrating “Costume Art”
Gifting Picks For Mother’s Day 2026 – Kushal’s Fashion Jewellery
Natural Diamonds Sparkle On The Red Carpet At The 2026 Met Gala Celebrating “Costume Art”
Isha Ambani Turns Heads At Met Gala 2026 With Heirloom Diamonds and A Celebration Of Indian Craftsmanship
Gifting Picks For Mother’s Day 2026 – Kushal’s Fashion Jewellery
-
GlamBuzz7 hours agoNatural Diamonds Sparkle On The Red Carpet At The 2026 Met Gala Celebrating “Costume Art”
-
GlamBuzz2 hours agoIsha Ambani Turns Heads At Met Gala 2026 With Heirloom Diamonds and A Celebration Of Indian Craftsmanship
-
National News8 hours agoGifting Picks For Mother’s Day 2026 – Kushal’s Fashion Jewellery
-
National News9 hours agoWith Presence In 29 States and 240 Cities and 100+ Accredited-Partners, IAGES Aggressively Grows To 550+ Accredited Partner Outlets Pan India
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.