G7 Russian Diamond Restrictions — Compliance Guide

The G7 restrictions on Russian diamonds, introduced in 2024, require companies importing diamonds into G7 countries to verify and document that diamonds do not originate from Russia. This guide explains the compliance requirements.

Direct Import Ban

From January 1, 2024, direct imports of Russian diamonds (1 carat or larger) are banned in G7 countries. This applies to rough diamonds, polished diamonds, and diamond jewellery containing diamonds of 1 carat or larger.

Traceability Mechanism

From March 1, 2024, a traceability-based mechanism applies to diamonds processed in third countries (primarily India). Diamonds of 1 carat or larger processed in third countries must be accompanied by documentation certifying they are not of Russian origin. The Antwerp World Diamond Centre (AWDC) and other industry bodies have developed traceability solutions to support compliance.

Documentation Requirements

Importers must maintain documentation demonstrating non-Russian origin, including: supplier declarations; KP Certificates; grading reports; and, for diamonds processed in third countries, traceability certificates issued under the G7 mechanism. Records must be maintained for at least 5 years.