loader image
Connect with us

DiamondBuzz

US to demand Origin Declaration for diamonds

The US will require importers to state the mining provenance of diamonds entering the country, Customs and Border Protection (CBP) said last month.

Published

on

278 views

The new rules for enforcing sanctions on Russian goods will come into effect in April, according to a Trade User Information Notice dated January 14, which CBP distributed on January 23.

Those filing diamond imports in the Automated Commercial Environment (ACE), the US government’s electronic system for shipment declarations, will have to “provide the country of mining,” the notice said.

It did not specify whether they needed to give evidence or the carat sizes to which the rule applies. As of September 1, 2024, the US has banned imports of Russian nonindustrial diamonds weighing 0.50 carats or more.

Meanwhile, importers of jewelry that excludes diamonds will be able to “disclaim the additional data requirement,” the notice added. CBP will continue to require diamond importers to provide self-certification statements verifying that the products “do not contain Russian inputs.”

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

DiamondBuzz

Sotheby’s to Auction 31.68-Carat ‘Desert Rose’ Diamond in Abu Dhabi with Estimate Up to $7 Million

The Fancy Vivid Orangy-Pink diamond, the largest of its kind ever certified by GIA, will headline Sotheby’s inaugural Collectors’ Week on December 5.

Published

on

1,950 views

Sotheby’s has unveiled the 31.68-carat ‘Desert Rose’ diamond as the star lot of its upcoming Abu Dhabi jewellery auction, assigning the rare gemstone a presale estimate of $5 million to $7 million. The sale will take place on December 5, 2025, during the auction house’s inaugural Collectors’ Week, a new event bringing together luxury categories including jewellery, watches, automobiles and design.

Graded by the Gemological Institute of America (GIA) as a Fancy Vivid Orangy Pink with VVS1 clarity, the pear-shaped Desert Rose holds the distinction of being the largest diamond of its classification ever recorded by GIA. Its combination of size, intense colour saturation and exceptional clarity has positioned it among the most important pink diamonds to appear at auction in recent years.

Sotheby’s noted that the valuation reflects continued global appetite for top-quality coloured diamonds, a segment that has shown resilience despite broader softening in the white diamond market. Large natural pink diamonds, especially vivid stones above 30 carats, remain exceptionally scarce and highly sought after by collectors.

Industry observers point out that the sale highlights the UAE’s rising profile as a hub for high-value gemstones and luxury collecting. International auction houses have increasingly expanded into Abu Dhabi and Dubai over the past five years, driven by demand from private collectors, family offices and regional wealth centres.

The performance of the Desert Rose diamond is expected to set a benchmark for the coloured-diamond market heading into 2026, offering insight into buyer sentiment for ultra-rare natural stones.

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