Treasury Posts New FAQs on Russia Diamond Import Bans
The Treasury Department posted new FAQs to its website on recently announced, additional bans on imports of diamonds from Russia (see 2402080081). One FAQ details a ban on imports of diamond jewelry and unsorted diamonds that originate or were exported…
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from Russia that will take effect March 1. Another FAQ includes information on bans of non-industrial diamonds mined or produced in Russia that have been substantially transformed in other countries. That ban takes effect March 1 for diamonds with a weight of one carat or more, and Sept. 1 for smaller diamonds of 0.5 carat or more. A third FAQ details the actions Treasury has taken since 2022 to restrict imports of diamonds from Russia.