Import Russian diamonds until September 1, 2025
US authorizes import of certain Russian diamonds & jewelry The United States has authorized the import of certain Russian diamonds until September 1, 2025, according to the updated general license issued by the US Department of the Treasury. In particular, the United States authorizes the import of Russian diamonds until September 1, 2025, "provided that the diamonds were physically located outside of the Russian Federation before, and were not exported or re-exported from the Russian Federation since: (1) March 1, 2024 for non-industrial diamonds with a weight of 1.0 carat or greater; or (2) September 1, 2024 for non-industrial diamonds with a weight of 0.5 carats or greater." The United States has issued a general license allowing the import of diamond jewelry into the country if they were outside the Russian Federation before March 1, 2024 and were not exported or re-exported from the country after this period. In February, the US government announced that it would ba...