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State Dept. Revises List of Countries Eligible for Trade in Rough Diamonds

Monday, August 11, 2014
Sandler, Travis & Rosenberg Trade Report

The State Department has issued an updated list of all countries eligible for trade in rough diamonds under the Clean Diamond Trade Act of 2003 and their respective importing and exporting authorities. The CDTA requires the president to prohibit the importation into, or the exportation from, the U.S. of any rough diamond from whatever source that has not been controlled through the Kimberley Process Certification Scheme, which seeks to prevent trade in diamonds from funding civil wars and terrorist activities. The revised list reflects the removal of the suspension of Cote d’Ivoire, the incorporation of Croatia into the European Union, the suspension of the Central African Republic and continued self-suspension of Venezuela. There are now a total of 51 countries and political entities on this list.

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