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.
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.”
A high-level Belgian delegation arrived at the Bharat Diamond Bourse (BDB) in Mumbai on 3rd December, bringing renewed focus to the deep commercial and cultural ties that link India and Belgium’s diamond sectors.
The Belgian delegation included HE Ambassador William Asselborn, Director for Asia and Oceania at the Belgian Ministry of Foreign Affairs; Frank Geerkens, Consul General of Belgium in Mumbai; Brigadier General Mario Engels, Defence Attaché from the Embassy of Belgium in New Delhi, along with senior representatives from Flanders Investment and Trade.Eva Verstraelen and Filippe De Potter.
Kirit Bhansali, Chairman, GJEPC, and Shaunak Parikh, Vice Chairman, GJEPC, joined Mehul Shah, Vice President, BDB, and other bourse officials in welcoming the delegation for a formal interaction and tour of the world’s largest diamond trading complex.
“Our relationship with Belgium has been built on trust, respect, and years of working together. Antwerp and Mumbai have grown alongside each other, supported by our diamond businesses, our artisans, and the many Indian families who made Antwerp their home. As the industry evolves, there is real opportunity for us to work even more closely in technology, new ideas, and smoother trade, strengthening the future of our diamond partnership.” Kirit Bhansali said.
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