The yet-to-be named stone is the 10th diamond weighing more than 1,000 carats to come out of Lucara’s Karowe mine.
Goods Originating in Hong Kong Must Now Be Labeled ‘China’
The requirement that products made in Hong Kong be marked with China as their country of origin will be enforced beginning Sept. 25.
Washington, D.C.—U.S. Customs and Border Protection is now requiring goods produced in Hong Kong to be marked as originating from China.
The agency published a federal register notice on Aug. 11 outlining changes to how it considers country-of-origin for goods from Hong Kong as a result of a recent Executive Order that eliminated its special status under U.S. law.
Now, all goods produced in Hong Kong can no longer be marked to indicate “Hong Kong” as their origin (“HK”), but instead must be marked “China” (“CN”).
The new rule only applies to goods originating in Hong Kong, not goods that pass through “without substantial transformation,” the Jewelers Vigilance Committee said in an alert sent out to its members.
The change was applicable as of July, but CBP said it’s allowing a transition period for importers to implement the new markings.
As such, the new rule will not be enforced until Sept. 25.
JVC noted the new marking requirement doesn’t subject goods made in Hong Kong to the increased Section 301 tariffs on certain goods originating from China imposed last year.
JVC Senior Counsel Sara Yood also told National Jeweler that though duty rates and other restrictions that apply to China will apply to merchandise originating in and shipped from Hong Kong to the U.S.—directly or indirectly—the change ultimately should have little effect on U.S. jewelry importers, since the duty rates from Hong Kong and China are the same.
Those with questions on the change can contact Yood at sara@jvclegal.org.
The Latest

The founder of Fords Jewelers, Berman is remembered for his love of connecting with his community.

The watch and jewelry retailer had a strong fiscal year despite what its CEO described as a “complex operating backdrop.”

Colored gemstones, artisan finishes, mixed metals, and meaningful details are shaping demand in bridal jewelry.

The open-to-the-public luxury jewelry and timepiece show, in its second year, is slated for July 23-26.


Bold color, expressive gem-setting, and sculptural form define the three chapters that make up “Stile Libero.”

The New York-based jewelry brand has expanded overseas, opening a store in London’s Mayfair district.

DCA is preparing the next generation of professionals by supporting workforce development, leadership growth, and career advancement.

Rising revenue does not automatically mean a healthy business, particularly in the current economic landscape, Smith writes.

These long, fluid drop earrings are sure to catch the eye.

Alberto Perez-Elias is one of four men charged with robbing a Cape Coral, Florida, jewelry store and is the only one still at large.

Initiatives in Art and Culture is hosting its 16th annual Gold and Diamond Conference, with the theme of “Resilience.”

The designer, who once said she’d never sell lab-grown diamonds, debuted two capsule collections designed to be fun and easy to wear.

The diamond miner and marketer is undergoing another round of cost-cutting measures ahead of its sale by Anglo American.

The annual trade-only buying event is slated for Oct. 16-19 in Miami Beach, Florida.

AGTA also has announced the lineup of judges for the colored gemstone cutting and jewelry design contest’s various categories.

Collectibles platform Arena Club’s new Time Boxes could contain a Rolex or Patek Philippe watch.

The “Constellation Plié” collar, our Piece of the Week, features diamonds arranged in a constellation of shining stars.

Shaun Wills joined the company in 2024 and was chief financial officer of the De Beers Brands and Consumer Markets division.

In honor of its 20th anniversary, the jewelry brand has released a limited-edition collection of Swiss-made timepieces.

“Human Being” highlights the similarities and differences between us through five sets of jewelry that celebrate fine craftsmanship.

Richemont will continue to provide operational services for the watch brand for a period while the group prepares to integrate it.

Nate Borgelt will lead the digital auction house and content platform’s new division as head of watches.

Enoch Platero, founder and designer behind Enoch Michael, is the first Native American jeweler to win the award.

AGS also announced the recipient of its “Women in Leadership” scholarship.

The founder of the billion-dollar jewelry and lifestyle brand will debut as a full-time “Shark” on the upcoming season of the show.

Plus, why retailers should be ready to adjust as the U.S. population may decline this year for the first time since the Great Depression.
























