G7 Sanctions
CURRENT UPDATE
July 15, 2024
A short update on efforts related to the G7 Russian diamond ban from Global Affairs Canada (GAC)
As you may have seen, the EU recently announced that it is extending the sunrise period (the period where documentary evidence supporting diamond origin is accepted) until March 1, 2025. In line with G7 partners, documentary evidence will continue to be accepted in Canada during the sunrise period until at least March 1, 2025. Current guidance on the importation of diamonds into Canada can be found HERE and will be updated to reflect requirements as they are phased in.
Canada is also seeking to provide clarity to our industry in the coming weeks on our approach to existing stocks of diamonds of Russian or unknown origin that were outside Russia prior to the entry into force of the different stages of the G7 ban.
The development of a Canadian export node for the certification of diamonds mined in Canada remains under consideration.
Information about IMPORTING Diamonds to Canada
The CBSA has recently issued Customs notice 24-05 – New Sanctions under the Regulations Amending the Special Economic Measures (Russia) Regulations – Importation of Diamonds.
It has been prohibited to import natural diamonds whose weight is greater than or equal to 1.0 carat, mined or produced in Russia that are exported, processed and/or polished in a third country.
Under this new Regulation, there is now a requirement to submit paper release requests for the import of diamonds of all origins which fall under HS codes 7102.39.00.10 & 7102.39.00.20.
In addition to the paper release requirement, CBSA asks that a “Diamond Origin Attestation form” be provided with the paper release package. The attestation certifies that the diamonds being imported are not of Russian origin or are from any person in Russia, including being mined, processed, or produced in Russia, and subsequently exported to a third country. The Attestation form is included in Appendix A of the Customs Notice.
Failure to provide the Diamond Origin Attestation or any requested supporting documentation may result in significant delays in release of goods, detention, and potentially seizure of goods for non-compliance.
HELPFUL LINKS
Jewelers Vigilance Committee (JVC US) has developed a comprehensive resource page that details what you need to know and what you need to include when exporting diamonds to the US.
Responsible Jewellery Council (RJC) has a developed a Guidance Document to answer questions about exporting diamonds to other G7 countries.