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US diamond importers can self-certify mining Source: JVC

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Importers will not need to submit proof of a diamond’s country of mining when registering shipments to the US but should keep the right documentation for inspection, according to guidance the Jewelers Vigilance Committee (JVC) released last week.

In January, US Customs and Border Protection (CBP) announced a requirement to state the “country of mining” for all imports of diamonds and diamond jewelry entering the country.  Earlier this month, the government agency told industry members these declarations “should be verifiable with the documentation provided with the entry.” 

However, these papers will not be mandatory when filing shipments in the Automated Customs Environment (ACE) processing system, the JVC explained in a member alert last Thursday.

“We’ve been told that the additional documentation (proof of origin) isn’t going to be required by the ACE system,” Sara Yood, the JVC’s CEO and general counsel, clarified in a separate email to Rapaport News on Tuesday. “An importer can choose to upload it with an entry, or they can leave it out but will need to provide it when shipments are spot-checked at customs.”

CBP continues to require self-certification statements for applicable diamond imports to verify they do not contain Russian inputs, the legal guidance group said in the member alert. The new rules, which will go into effect in April, apply to loose diamonds and finished jewelry, but not to lab-grown diamonds, the JVC explained. CBP has “acknowledged” certain provisions for “grandfathered” goods — diamonds that predate sanctions on Russia — but has not confirmed how entry will work, the committee pointed out.

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DiamondBuzz

Diamond Slump forces Debswana to diversify into copper, platinum and solar

Diamond-centric mining models is giving way to broader resource portfolios

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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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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.

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