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February 26, 2025G7 postpones diamond traceability rules to 2026; Indian exporters relieved from costly certification requirements
In a major relief for the diamond cutting and polishing industry in India, the G7 countries have postponed the implementation of stringent traceability requirements for polished diamond imports, pushing the deadline from March 2025 to January 1, 2026.
The G7 countries – the US, the UK, France, Germany, Canada, Japan, and Italy had earlier said that they will ban all imports of rough diamonds from Russia. While the US is India’s largest diamond market, Belgium in the EU is the global diamond trading hub
Following the G7 ban on Russian diamonds, Botswana, a leading supplier of rough stones to India, was selected in November as a verification and certification hub for G7, apart from Antwerp.
