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Canada: Latest update on G7 Russian Diamond ban

Canada has announced that it is furthering coordinated efforts from G7 member states by implementing the second phase of its indirect ban on Russian diamonds. On September 1, 2024, Canada has reduced the size threshold of diamonds indirectly banned from 1 carat and higher to 0.50 carats and higher.

Note: these sanctions have been clarified by the Government that they do not apply to the import of diamonds if they were outside of Russia before the entry into force of the different stages of the G7 ban (legacy diamonds).

Canadian specific guidance, including the Diamond Origin Attestation form, on the importation of diamonds into Canada (including legacy diamonds) can be found below:

Customs Notice 24-05: New Sanctions under the Regulations Amending the Special Economic Measures (Russia) Regulations – Importation of Diamonds