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Any federal regulation of gem-quality diamonds is based in monetary value, taxation, and movement of materials. When 'gathering' -- meaning en-massing ?? -- diamonds, there may be no federal regulation.

There are Rough Diamond Trade Controls and sanctions. Read more here: treasury.gov/resource-center/sanctions/Programs/Pages/diamond.aspx

About 80% of all diamonds mined are industrial diamonds, and federal regulation of these resources are based in commodity trading regulations.

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