Wednesday, October 1, 2008

Burmese ruby ban takes effect

Washington—A long-expected U.S. ban on gemstones from Myanmar took effect on Monday, 60 days from the date that President Bush signed the Tom Lantos Block Burmese JADE Act of 2008 into law.Gems from Myanmar (formerly known as Burma) that entered the country prior to the ban can still be bought and sold in the United States, at least as long as supplies last.The U.S. Customs and Border Protection agency has issued new, harmonized tariff system codes for all non-Burmese rubies and jadeite imported into the United States to distinguish those goods from the ones that have been banned, according to a press release issued on Monday by the Jewelers Vigilance Committee (JVC).The new codes, which encompass both rough and polished gemstones covered by the act, as well as jewelry containing ruby and jadeite, can be obtained by contacting the JVC."The Tom Lantos Block Burmese JADE Act of 2008 has a serious and long-term impact on U.S. jewelry manufacturers who import jadeite and rubies," said Cecilia Gardner, the JVC's president, chief executive officer and general counsel, in the release. "Use of the new Customs codes should begin immediately for all imports from non-Burmese countries of ruby and jadeite."

read more

http://www.nationaljewelernetwork.com/njn/content_display/colored_stones/e3i5452d1396a606a415cb2a0b049ee6387


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