{"id":9338,"date":"2024-09-04T10:14:12","date_gmt":"2024-09-04T10:14:12","guid":{"rendered":"https:\/\/jewellerynewsindia.com\/?p=9338"},"modified":"2024-09-04T10:16:08","modified_gmt":"2024-09-04T10:16:08","slug":"de-beers-prepares-for-expanded-g7-diamond-restrictions","status":"publish","type":"post","link":"https:\/\/jewellerynewsindia.com\/index.php\/2024\/09\/04\/de-beers-prepares-for-expanded-g7-diamond-restrictions\/","title":{"rendered":"De Beers Prepares for Expanded G7 Diamond Restrictions"},"content":{"rendered":"\n<figure class=\"wp-block-image aligncenter size-full is-resized has-custom-border\"><img fetchpriority=\"high\" decoding=\"async\" width=\"875\" height=\"621\" src=\"https:\/\/jewellerynewsindia.com\/wp-content\/uploads\/2024\/09\/IMG-2-2.jpg\" alt=\"\" class=\"wp-image-9340\" style=\"border-width:3px;border-radius:5px;width:619px;height:auto\" srcset=\"https:\/\/jewellerynewsindia.com\/wp-content\/uploads\/2024\/09\/IMG-2-2.jpg 875w, https:\/\/jewellerynewsindia.com\/wp-content\/uploads\/2024\/09\/IMG-2-2-300x213.jpg 300w, https:\/\/jewellerynewsindia.com\/wp-content\/uploads\/2024\/09\/IMG-2-2-768x545.jpg 768w, https:\/\/jewellerynewsindia.com\/wp-content\/uploads\/2024\/09\/IMG-2-2-200x142.jpg 200w, https:\/\/jewellerynewsindia.com\/wp-content\/uploads\/2024\/09\/IMG-2-2-600x426.jpg 600w\" sizes=\"(max-width: 875px) 100vw, 875px\" \/><\/figure>\n\n\n\n<p><a href=\"https:\/\/www.debeersgroup.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">De Beers<\/a> has indicated that it is fully prepared to comply with the recent increase of G7 import restrictions on Russian diamonds. These limits will now apply to diamonds weighing 0.5 carats or more from September 1st.<\/p>\n\n\n\n<p>The company&#8217;s existing Best Practice Principles and Pipeline Integrity standards have long developed tight methods for determining the origin of its gems. As the size barrier for G7 restrictions reduces from 1 carat to 0.5 carats, these programs will continue to allow <a href=\"https:\/\/www.debeersgroup.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">De Beers<\/a>&#8216; clients to furnish the requisite documentation of diamond origin.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.debeersgroup.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">De Beers<\/a> has endorsed the G7&#8217;s cooperation efforts with the industry and diamond-producing countries. The company applauds the extending of the sunrise period, the emphasis on full traceability, and the execution of a practical approach for &#8220;grandfathered&#8221; diamonds purchased before Russian supply limitations were established.<\/p>\n\n\n\n<p>To strengthen its commitment to diamond traceability, <a href=\"https:\/\/www.debeersgroup.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">De Beers<\/a> has been actively growing its Tracr blockchain platform. There are already approximately 2.6 million raw diamonds and 370,000 polished diamonds registered on the portal.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.debeersgroup.com\/about-us\/leadership#al-cook\" target=\"_blank\" rel=\"noreferrer noopener\">Al Cook, president and CEO of De Beers Group<\/a>, commented: &#8220;<a href=\"https:\/\/www.debeersgroup.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">De Beers<\/a> fully supports the work being carried out by the G7 to prohibit the trade in Russian diamonds and we are committed to working with the G7, the diamond industry and our partner governments to ensure there is an effective system put in place.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>De Beers has indicated that it is fully prepared to comply with the recent increase of G7 import restrictions on Russian diamonds. These limits will now apply to diamonds weighing 0.5 carats or more from September 1st. The company&#8217;s existing Best Practice Principles and Pipeline Integrity standards have long developed tight methods for determining the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9339,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1],"tags":[],"class_list":["post-9338","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>De Beers Prepares for Expanded G7 Diamond Restrictions - JNI<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/jewellerynewsindia.com\/index.php\/2024\/09\/04\/de-beers-prepares-for-expanded-g7-diamond-restrictions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"De Beers Prepares for Expanded G7 Diamond Restrictions - JNI\" \/>\n<meta property=\"og:description\" content=\"De Beers has indicated that it is fully prepared to comply with the recent increase of G7 import restrictions on Russian diamonds. 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href=\"https:\/\/jewellerynewsindia.com\/index.php\/uncategorized\/\" rel=\"category tag\">Uncategorized<\/a>","rttpg_excerpt":"De Beers has indicated that it is fully prepared to comply with the recent increase of G7 import restrictions on Russian diamonds. These limits will now apply to diamonds weighing 0.5 carats or more from September 1st. The company&#8217;s existing Best Practice Principles and Pipeline Integrity standards have long developed tight methods for determining the&hellip;","_links":{"self":[{"href":"https:\/\/jewellerynewsindia.com\/index.php\/wp-json\/wp\/v2\/posts\/9338","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jewellerynewsindia.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jewellerynewsindia.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jewellerynewsindia.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/jewellerynewsindia.com\/index.php\/wp-json\/wp\/v2\/comments?post=9338"}],"version-history":[{"count":1,"href":"https:\/\/jewellerynewsindia.com\/index.php\/wp-json\/wp\/v2\/posts\/9338\/revisions"}],"predecessor-version":[{"id":9341,"href":"https:\/\/jewellerynewsindia.com\/index.php\/wp-json\/wp\/v2\/posts\/9338\/revisions\/9341"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jewellerynewsindia.com\/index.php\/wp-json\/wp\/v2\/media\/9339"}],"wp:attachment":[{"href":"https:\/\/jewellerynewsindia.com\/index.php\/wp-json\/wp\/v2\/media?parent=9338"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jewellerynewsindia.com\/index.php\/wp-json\/wp\/v2\/categories?post=9338"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jewellerynewsindia.com\/index.php\/wp-json\/wp\/v2\/tags?post=9338"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}