De Beers Group has announced its readiness to comply with newly imposed G7 diamond import regulations, which now cover diamonds weighing 0.5 carats and above, down from the previous threshold of 1 carat.
For years, De Beers has maintained rigorous diamond traceability through its Best Practice Principles and Pipeline Integrity standards, ensuring its diamonds are sourced responsibly. These systems provide verifiable proof of origin, enabling De Beers’ customers to adhere to the newly expanded G7 import guidelines without disruption.
De Beers expressed support for the G7’s collaborative efforts with the diamond industry and producing countries. The company praised the G7’s decision to extend the sunrise period, which allows stakeholders more time to comply with the new rules, and highlighted the inclusion of provisions for “grandfathered” diamonds—those purchased before the restrictions on Russian diamond supplies—as a pragmatic solution.
As part of its ongoing commitment to transparency, De Beers continues to expand its Tracr blockchain platform, which currently tracks over 2.6 million rough diamonds and 370,000 polished stones. The Tracr platform provides secure and accurate tracking of a diamond’s journey from mine to market.
“We fully support the G7’s efforts to limit the trade of Russian diamonds,” said De Beers Group CEO Al Cook. “We are committed to working with the G7, the diamond industry, and governmental partners to build an effective system that ensures the integrity of diamond sourcing.”
De Beers’ proactive approach reinforces its leadership in transparency and ethical sourcing within the global diamond industry.