Canada Import Restrictions on Russian Diamonds and Diamond Jewellery-Related Products
Canada Import Restrictions on Russian Diamonds and Diamond Jewellery-Related Products
Overview
The Government of Canada has implemented Regulations Amending the Special Economic Measures (Russia) Regulations, aligning with G7 leaders’ commitment to prohibit Russian diamond imports and diamond jewellery-related products. Ongoing collaboration with G7 and other international partners aims to establish comprehensive controls against Russian diamonds in Canadian markets.Â
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Impact on Businesses in Canada
The Canada Border Services Agency (CBSA) has issued Customs Notice 24-05, detailing the updated regulations. In addition to direct imports of Russian diamond and diamond jewellery-related products being banned (effective December 5, 2023), natural diamonds mined or produced in Russia and weighing 1.0 carat or more, processed/polished in third countries and then exported to Canada, are also now prohibited.
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Imports of diamonds not originating from RussiaÂ
Additional documentation and/or information may be requested, and the CBSA strongly encourages importers and customs brokers to include a Diamond Origin Attestation form to help facilitate the customs clearance for diamonds that weigh 1.0 carat or more. See a detailed list of possible documentary evidence here.
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Additional Information and References