Program aims to educate young consumers about mined stones’ positive qualities.
Plan is response to alleged leniency on forced labor.
Government likely to appeal decision.
Vote of six to three determines president exceeded his authority, but what this means in terms of refunds and taxes is unknown.
New rate is meaningful reduction, but further easing is necessary to fully revive demand and stabilize exports, industry says.
Terms that appeared most often in Rapaport’s newsfeed included “tariffs” and “De Beers.”
Implementing new 15% duty rate could take 10 to 12 days, according to Trump administration.
Taxes will remain in place until October 14 to give president time to appeal to Supreme Court.
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The August issue of the Rapaport Research Report outlines the trade’s options, from expediting exports to seeking out low-duty routes.
CEO David Bonaparte among delegates who have met with Trump’s senior counselor for trade and manufacturing.