BAKU, Azerbaijan, January 19. Azerbaijan will
introduce state control over the import, export, use, circulation,
accounting, storage, and tracking of unprocessed diamonds, Trend reports.
This measure is included in a draft law discussed today by the
Legal Policy and State Building Committee of the Azerbaijani
Parliament, which proposes amendments to the Law on Precious Metals
and Precious Stones.
Under the draft, unprocessed diamonds are defined as raw, simply
carved, fragmented, or broken stones identified according to
foreign economic activity nomenclature codes by the relevant state
authority.
State oversight of unprocessed diamonds, including their import,
export, use, circulation, accounting, storage, and tracking, will
be carried out by the authority designated by the relevant
executive body. The law also establishes that certification
requirements related to the export of unprocessed diamonds will
follow the Kimberley Process Certification Scheme (KPCS), with the
form and issuance of certificates determined by the designated
authority.
Imports and exports of unprocessed diamonds will be allowed only
from countries participating in the Kimberley Process Certification
Scheme (KPCS) and will require approval from the relevant executive
authority. Once adopted, the law will formalize procedures for
monitoring, controlling, and certifying unprocessed diamonds in
accordance with international standards.
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