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Burmese JADE Act Altered

January 23rd, 2009 Leave a comment Go to comments

RAPAPORT… President George W. Bush waived some provisions in the Tom Lantos Block Burmese JADE Act against Myanmar on January 15, less than one week before leaving office. The bill, which was supported by many in the U.S. diamond and jewelry trade, was signed into law in July 2008 and was intended to prevent rubies and jade from Myanmar from entering the U.S., whether directly or through third-party countries….

The importation ban does not apply to jadeite or rubies that are imported for personal use, i.e. to be worn by the importer. Furthermore, the bill does not address U.S. sales of any inventory of jadeite or rubies currently in the U.S. Importers and exporters can send questions to customs at jade.act@cbp.dhs.gov or read more at www.cbp.gov.

You can read the entire article HERE.

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