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.”
In a clear sign of the growing strategic importance of lab-grown diamonds for technological applications, the Spanish government has committed a massive EUR 750 million (approximately $813 million) investment to Diamond Foundry’s new manufacturing plant in Trujillo.
This significant funding injection is specifically earmarked for the production of semiconductor-grade, lab-grown diamonds. It dramatically boosts the project’s war chest, adding to the initial EUR 80 million in funding that the European Union had already pledged last December.
The Trujillo facility is poised to become the largest of its kind in Europe, specializing in high-tech, industrial, and semiconductor-grade diamonds.
- Projected Output: When operations begin—anticipated sometime between 2027 and 2029—the plant is expected to yield over 4 million carats annually, with production slated for substantial increases thereafter.
- Total Project Value: The full cost of the Trujillo project is reported to be a staggering EUR 2.35 billion.
This monumental investment underscores a key trend in the lab-grown diamond sector: a heavy pivot away from the jewelry market and toward high-value industrial and technological applications.
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