Bans on the importation of certain categories of diamonds mined in Russia will take effect March 1.
These prohibitions apply to (1) non-industrial diamonds mined or extracted in Russia, whether or not they have been substantially transformed in a third country (effective March 1 for diamonds with a weight of 1.0 carat or greater and expanding Sept. 1 to cover diamonds with a weight of 0.5 carats or greater), and (2) diamond jewelry and unsorted diamonds of Russian origin or exported from Russia.
U.S. Customs and Border Protection has announced that beginning March 1 all entry and certified from summary transactions, as well as goods admitted into a foreign-trade zone, that include covered diamonds will require a self-certification statement (that the goods do not violate the new prohibitions) to be uploaded to the Automated Commercial Environment’s Document Image System.
For more information on how these actions may affect your business, please contact Kristine Pirnia at (202) 730-4964 or via email.
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