Following weekend negotiations, the tax on Chinese goods imported into the United States will drop by 115 percent for the next 90 days.
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Though currently paused, high tariffs threaten many countries where gemstones are mined. Dealers are taking measures now to prepare.

During a call about its full-year results, CEO Efraim Grinberg discussed how the company is approaching the uncertainty surrounding tariffs.

The feedback will be used to prepare other jewelers for the challenges ahead, the organization said.

Editor-in-Chief Michelle Graff answers questions about how the new taxes levied on countries like India and China will impact the industry.

GIA’s labs in Dubai and Hong Kong are now accepting larger diamonds in light of the “logistical challenges” presented by the new tariffs.

An across-the-board tariff of 10 percent remains in place for all U.S. trading partners, except China.

The virtual event will take place April 7 at 3 p.m.

Originally slated to take effect in April, official U.S. Customs and Border Protection documents now show the implementation date as “TBD.”

The EU, like the U.S., also now will require diamond importers to provide information about where exactly the diamonds were mined.

The formal signing of the agreement comes nearly two years after De Beers and Botswana initially announced they had reached a new deal.

The reversal comes less than two months after the Zambian government reinstated the tax in an effort to bring in more money.

Beginning in April, companies importing diamonds into the United States will have to list the country in which the diamonds were mined.

The agreement will allocate an increasing proportion of the country’s rough diamonds to the government of Botswana over the next decade.

Gemfields said the Zambian government revoked the 2019 suspension of the tax with no warning.

The FTC’s Jewelry Guides require “clear and conspicuous” disclosure when advertising lab-grown diamonds.

Botswana joins Antwerp as a certification center for rough under the G7 ban on Russian diamonds.

It will start with rough diamonds that are larger than 1.25 carats and later expand to rough diamonds that are above 1 carat.

All 74 lots of jewelry belonging to the late Democratic senator found buyers at Bonhams Los Angeles.

OFAC has issued two licenses addressing the issue, one for diamond-set jewelry and one for loose diamonds.

Ravi Bhansali has been elected vice president.

The European Union has delayed its deadline for implementing a “robust” traceability mechanism for rough diamonds by six months.

The group met with lawmakers to raise awareness about the financial, operational, and supply chain harms posed by an EU proposal.

From moringa to ecotourism in the Okavango Delta, the country and its leaders are exploring how Botswana can diversify its economy.

NDC filed a complaint against Skydiamond for use of phrases like “diamonds made entirely from the sky.”