Clean Diamond Trade Act Law and Legal Definition

The Clean Diamond Trade Act (Act) is a federal legislation prohibiting finance to military activities from funds derived from the sale of rough diamonds. The Act was established in 2003 and was mainly designed to prevent the trade of blood diamonds that fund violent civil conflicts in many African countries. According to the Act, the U.S. President is authorized to prohibit the import and export of any rough diamond, from whatever source, that has not been controlled through the Kimberley Process Certification Scheme.

According to 19 USCS § 3907, the U.S. Bureau of Customs and Border Protection and the U.S. Bureau of Immigration and Customs Enforcement are authorized to penalize those persons who willfully violate, or willfully attempt to violate, any license, order, or regulation issued under the Act.