United States restores tariff exemption for European cut diamonds after recent negotiations. Intense lobbying by Antwerp World Diamond Centre led to renewed trade agreement changes.

Ten percent import duty was in effect for six months before reversal announcement.

AWDC highlighted no diamond mining or cutting takes place within United States borders. Earlier negotiations involved both European Commission representatives and American officials, seeking exemptions.

American government cited trade law Section Three Hundred One to justify previous tariff plans. Antwerp industry celebrates, exporting over two billion euros worth of diamonds last year.