Practical Examples - US Tariffs
Rough Sale:
Rough diamond from Botswana -> US
1ct rough diamond (price) + 38% import tariff (Origin: Botswana)
Beneficiation:
Rough diamond from Botswana -> Manufactured in Botswana -> US
1ct polished diamond (price) + 38% import tariff (Origin: Botswana - Beneficiation)
Grading/certifying:
Example DOR (Diamond Origin Report) Report GIA rough:
Rough diamond from Canada -> purchased in Belgium -> Grading US
1ct rough diamond (price) + 25% import tariff (Origin: Canada)
Rough diamond from Canada -> manufactured in Belgium -> Grading US
1ct polished diamond (price) + 20% import tariff (Origin EU/Belgium)
Polished Sale or consignment:
Rough diamond from Botswana -> Manufactured in India -> US
1ct polished diamond (price) + 27% import tariff (Origin: India)
Rough diamond from Botswana -> Manufactured in Belgium -> US
1ct polished diamond (price) + 20% import tariff (Origin EU/Belgium)
Rough diamond from Angola -> Manufactured in India -> US
1ct polished diamond (price) + 27% import tariff(Origin: India)
Rough diamond from Angola -> Manufactured in Belgium -> US
1ct polished diamond (price) + 20% import tariff (Origin EU/Belgium)