AUSTRALIA: Changes to Synthetic Diamond Imports

Source: Jeweller Magazine

The Australian Government has provisionally approved a new import classification for synthetic diamonds after discussions with CIBJO and the Jewellers Association of Australia (JAA).

The tariff classification will differentiate lab-grown stones from natural diamonds, with the Department of Home Affairs (DHA) agreeing that the move is a “necessary step to safeguard the Australian jewellery industry” as well as consumers.

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