The U.S. State Department is adding Gabon to its list of countries eligible to trade in rough diamonds under the Clean Diamond Trade Act of 2003, effective Friday.
The statute requires the president to prohibit the import into, or export from, the U.S. of any rough diamond, from whatever source, that hasn’t been controlled through the Kimberley Process Certification Scheme, a multilateral process established by the U.N. to prevent conflict diamonds from entering the mainstream rough diamond market.
US export controls to dam Huawei’s revenue
Chinese telecom giant’s CEO Ren Zhengfei expects his company to lose $30 billion in revenue in 2019, mostly due to Commerce’s Entity List and the U.S.-China trade war.
a month ago