DiamondBuzz
U.S. to Enforce New Diamond Import Rules Requiring Mining Country Disclosure
Starting in April 2025, U.S. importers must declare diamond mining origins to prevent Russian diamonds from entering the market.
In a move to strengthen sanctions on Russian goods, the U.S. Customs and Border Protection (CBP) will introduce stricter regulations for diamond imports beginning in April 2025. Under the new rules, importers will be required to provide additional data on diamond shipments, including the declaration of the Country of Mining. This will help ensure compliance with Executive Order 14114 and prevent Russian-mined diamonds from being imported through third-party countries.
A key part of the update is the introduction of a self-certification requirement. Importers will need to verify that their diamonds do not originate from Russia, submitting this confirmation through the Document Image System (DIS) using the new CBP167 code. This replaces the previous generic label, streamlining the process while tightening scrutiny of diamond sources.
The decision is part of broader international efforts to stop Russian diamonds from entering global markets, especially after the country’s invasion of Ukraine. With these changes, the U.S. government aims to close loopholes that have allowed Russian diamonds to be processed and sold under other country labels.
CBP has been working closely with industry stakeholders and has updated its ACE Cargo Release Implementation Guide to assist with the transition. Importers are encouraged to review the new guidelines and join biweekly trade support calls to stay informed and address any questions.
The new rules will come into effect in April 2025, with the mandatory self-certification document requirement beginning in January 2025. Importers are advised to prepare in advance to avoid potential delays or enforcement actions.
DiamondBuzz
Russia Dominates 2025 Diamond Production Value For Third Consecutive Year
Recovers 31.5 Million Carats Valued At $2.72 Billion (Averaging $86 Per Carat).
Russia maintained its lead in global rough diamond production value for the third year in a row in 2025, recovering 31.5 million carats valued at $2.72 billion (averaging $86 per carat).
Meanwhile, production in Botswana fell due to operational shutdowns at the Jwaneng and Orapa mines, resulting in 15.5 million carats worth $1.98 billion, though it achieved a higher average price of $128 per carat. Globally, the rough diamond market saw a contraction: overall output dropped 3% in value to $9.23 billion and 8% in volume to 98.8 million carats, driven by significant export declines from Russia, Canada, Zimbabwe, and Lesotho.
Global rough output fell 3% year on year to $9.23 billion. By volume, production dropped 8% to 98.8 million carats. Total imports slipped 8% by volume, while global exports declined 7%.
The dip in exports reflects a 1.8% slump in the number of carats exported from Russia, and a slide of 10% from Canada, 41% from Zimbabwe and 63% from Lesotho.
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