Russia will impose an 8% export tax on certain diamonds from Sept. 1, local time, aimed at protecting its domestic diamond-cutting and processing industry. The tax covers uncut and partially processed diamonds weighing 0.45–10.8 carats and special-size diamonds above 10.8 carats; exports to Eurasian Economic Union members are exempt.

2026-06-20

Russia will impose an 8% export tax on certain diamonds from Sept. 1, local time, aimed at protecting its domestic diamond-cutting and processing industry. The tax covers uncut and partially processed diamonds weighing 0.45–10.8 carats and special-size diamonds above 10.8 carats; exports to Eurasian Economic Union members are exempt.