{"id":9370,"date":"2024-09-06T08:20:39","date_gmt":"2024-09-06T08:20:39","guid":{"rendered":"https:\/\/jewellerynewsindia.com\/?p=9370"},"modified":"2024-09-06T08:24:33","modified_gmt":"2024-09-06T08:24:33","slug":"de-beers-group-announces-readiness-for-stricter-g7-diamond-import-regulations","status":"publish","type":"post","link":"https:\/\/jewellerynewsindia.com\/index.php\/2024\/09\/06\/de-beers-group-announces-readiness-for-stricter-g7-diamond-import-regulations\/","title":{"rendered":"De Beers Group announces readiness for stricter G7 diamond import regulations."},"content":{"rendered":"\n<figure class=\"wp-block-image aligncenter size-full is-resized has-custom-border\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1000\" height=\"563\" src=\"https:\/\/jewellerynewsindia.com\/wp-content\/uploads\/2024\/09\/IMG-3-2.webp\" alt=\"\" class=\"wp-image-9372\" style=\"border-width:3px;border-radius:5px;width:648px;height:auto\" srcset=\"https:\/\/jewellerynewsindia.com\/wp-content\/uploads\/2024\/09\/IMG-3-2.webp 1000w, https:\/\/jewellerynewsindia.com\/wp-content\/uploads\/2024\/09\/IMG-3-2-300x169.webp 300w, https:\/\/jewellerynewsindia.com\/wp-content\/uploads\/2024\/09\/IMG-3-2-768x432.webp 768w, https:\/\/jewellerynewsindia.com\/wp-content\/uploads\/2024\/09\/IMG-3-2-200x113.webp 200w, https:\/\/jewellerynewsindia.com\/wp-content\/uploads\/2024\/09\/IMG-3-2-600x338.webp 600w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><\/figure>\n\n\n\n<p>The new laws now apply to diamonds weighing 0.5 carats or more, lowering the previous limit of 1 carat.<\/p>\n\n\n\n<p>For years, <a href=\"https:\/\/www.debeersgroup.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">De Beers<\/a> has ensured diamond traceability through its Best Practice Principles and Pipeline Integrity standards. These programs give verifiable verification of the provenance of De Beers diamonds, allowing its customers to comply with the newly enhanced G7 import regulations without disruption.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.debeersgroup.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">De Beers<\/a> applauds the G7&#8217;s collaborative approach to the diamond industry and producing countries, particularly the extending of the sunrise period and the emphasis on attaining solid traceability. Furthermore, the inclusion of allowances for &#8220;grandfathered&#8221; diamonds\u2014those purchased prior to Russian supply restrictions\u2014has been viewed as a feasible alternative.<\/p>\n\n\n\n<p>As part of its continuous commitment to diamond traceability, <a href=\"https:\/\/www.debeersgroup.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">De Beers<\/a> is expanding its Tracr blockchain network, which now tracks more than 2.6 million rough diamonds and 370,000 polished diamonds.<\/p>\n\n\n\n<p>&#8220;We fully support the G7&#8217;s efforts to restrict the trade of Russian diamonds,&#8221; stated <a href=\"https:\/\/www.debeersgroup.com\/about-us\/leadership#al-cook\" target=\"_blank\" rel=\"noreferrer noopener\">De Beers Group CEO Al Cook<\/a>. &#8220;We are dedicated to working with the G7, the diamond industry, and our governmental partners to establish an effective system that ensures the integrity of diamond sourcing.&#8221;<\/p>\n\n\n\n<p>This proactive stance strengthens <a href=\"https:\/\/www.debeersgroup.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">De Beers<\/a>&#8216; position as a global leader in transparency and ethical sourcing.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The new laws now apply to diamonds weighing 0.5 carats or more, lowering the previous limit of 1 carat. For years, De Beers has ensured diamond traceability through its Best Practice Principles and Pipeline Integrity standards. These programs give verifiable verification of the provenance of De Beers diamonds, allowing its customers to comply with the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9371,"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-9370","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 Group announces readiness for stricter G7 diamond import regulations. - 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\/06\/de-beers-group-announces-readiness-for-stricter-g7-diamond-import-regulations\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"De Beers Group announces readiness for stricter G7 diamond import regulations. - JNI\" \/>\n<meta property=\"og:description\" content=\"The new laws now apply to diamonds weighing 0.5 carats or more, lowering the previous limit of 1 carat. 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For years, De Beers has ensured diamond traceability through its Best Practice Principles and Pipeline Integrity standards. 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