On April 26, 2017, the Department of State published in the Federal Register a notice updating the list of Participants eligible for trade in rough diamonds under the Clean Diamond Trade Act of 2003 (the “Act”; Public Law 108-19) and Section 2 of Executive Order 13312 of July 29, 2003, and their respective Importing and Exporting Authorities, revising the previously published list of May 18, 2015 to reflect the removal of the suspension of the Central African Republic and the removal of the self-suspension of Venezuela. The Act requires the President to prohibit the importation into, or the exportation from, the United States of any rough diamond, from whatever source, that has not been controlled through the Kimberley Process Certification Scheme (KPCS). The implementing regulations are contained in the Rough Diamond Control Regulations at 31 C.F.R. Part 592.
