G7 Requirements
All G7 members will implement a direct ban on diamonds exported from Russia at the latest by 1 January 2024. As of 1 March 2024, a ban on Russian diamonds polished in a third country will take effect and, as of 1 September 2024, the ban will be expanded to include lab-grown diamonds, jewellery, and watches containing diamonds.
G7 Requirements timeline 2024
Ban on diamonds exported from Russia.
Ban on Russian diamonds polished in a third country.
Ban expanded to include diamonds, jewellery, and watches.
Diamond Traceability
G7 countries will require a verification and certification mechanism for rough diamonds to prove the origin. The G7's new directives necessitate robust traceability for diamonds, demanding verification that diamonds are not mined, processed, or produced in conflict zones.