Stable with minor fluctuations due to global demand for diamonds
Special Rates
Preferential Rate
0%
Applicable under the African Continental Free Trade Area (AfCFTA) agreement if accompanied by a certificate of origin and meeting rules of origin criteria.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
U.S. Increases Diamond Imports from Equatorial Guinea Amid Rising Demand
Recent trade data shows a significant uptick in unsorted diamond imports (HS Code 7102.10.00) from Equatorial Guinea to the United States, driven by growing demand in the jewelry sector.
October 15, 2023
Impact: This surge may strengthen trade ties between the two nations, potentially leading to more structured bilateral agreements on diamond trade.
Equatorial Guinea Faces Export Challenges for Unsorted Diamonds to U.S.
Logistical and regulatory hurdles in Equatorial Guinea have temporarily slowed the export of unsorted diamonds to the U.S., affecting supply chains for American importers.
September 5, 2023
Impact: Delays could lead to short-term price increases for unsorted diamonds in the U.S. market and may prompt importers to seek alternative suppliers.
U.S. and Equatorial Guinea Discuss Diamond Trade Transparency
Bilateral talks between U.S. and Equatorial Guinean officials focused on improving transparency and certification processes for unsorted diamonds to comply with international standards.
August 20, 2023
Impact: Enhanced transparency measures could boost confidence in the trade of unsorted diamonds, potentially increasing trade volume and ensuring ethical sourcing.
Policy Updates
U.S. Updates Import Regulations for Unsorted Diamonds
The U.S. Customs and Border Protection agency has introduced stricter documentation requirements for unsorted diamonds (HS Code 7102.10.00) to prevent illicit trade and ensure compliance with the Kimberley Process Certification Scheme.
Date: September 10, 2023
Equatorial Guinea Revises Export Tariffs on Diamonds
Equatorial Guinea has adjusted its export tariffs on unsorted diamonds, aiming to increase revenue while maintaining competitiveness in the global market, including trade with the United States.
