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US jewellers warn Congress of harm from new sanctions on Russian diamonds

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US jewellers have warned Congress of the harm that new sanctions on Russian diamonds will cause for the entire retail sector.

The trade association Jewelers of America (JA) met with a dozen Democratic and Republican lawmakers in both the House and Senate to voice concerns over the 1 September restrictions that will require all goods of 0.50-scts and above to enter G7 countries via Antwerp for verification.

JA said it continues to staunchly support efforts that will keep diamonds of Russian origin out of the supply chain, including the more stringent U.S. Customs and Border Patrol requirements that went into effect on 1st March. However, the proposed adoption of an exclusive physical verification and certification system in Belgium for all rough diamonds would cause maximum damage to the global diamond and jewellery supply chain, while having minimal effect on Russia’s diamond revenues.

They say a single import channel will “cause maximum damage to the global diamond and jewelry supply chain, while having minimal effect on Russia’s diamond revenues”.

JA is urging all its members to lobby Congress and explain that the way the restrictions are being implemented will hurt jewellery businesses.

“JA has been working tirelessly behind the scenes and this visit to Washington, D.C. was a critical step to ensure we minimize unnecessary disruptions to the U.S. diamond industry,” said JA president & CEO David J. Bonaparte.

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74th Bangkok Gems & Jewelry Fair Set for September 2026 with Expanded Global Showcase

Stronger Participation, Wider Sourcing Opportunities, and Enhanced Exhibition Space Position the Fair as a Key Platform for Global Jewellery Trade

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The 74th edition of the Bangkok Gems & Jewelry Fair is scheduled to take place from September 8–12, 2026, at the Queen Sirikit National Convention Center (QSNCC) in Bangkok, building on the strong momentum of its previous edition.

The 73rd edition recorded an impressive THB 4.75 billion in trade value and attracted over 40,000 visitors from 118 countries, reinforcing the fair’s position as a global sourcing hub for the jewellery industry.

This year, organisers have expanded the exhibition footprint to cover the entire QSNCC venue, including Halls 1–8 and Plenary Halls 1–4, with the addition of Plenary Hall 3. The move aims to accommodate growing exhibitor demand and improve navigation across product categories.

For jewellery retailers, the fair offers access to a diverse supplier base, spanning loose gemstones, finished jewellery, and manufacturing services. It also enables connections with OEM and ODM partners, supporting the creation of customised collections tailored to regional markets and pricing strategies.

Positioned within Thailand’s well-established gemstone and jewellery manufacturing ecosystem, the event provides opportunities to explore competitive sourcing, diversify supply chains, and gain insights into global trends.

With its broad product mix, international participation, and strong industry relevance, the upcoming edition is expected to support inventory planning, supplier discovery, and business expansion for jewellery retailers worldwide.

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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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