Embargo on Iranian made rugs and Persian Carpets
want to share this interesting article recently found on-line
release dated - July 1st, 2010
President Obama has signed the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 (CISADA) which was passed just one week ago by Congress to prohibit the importation of Iranian goods. The Divestment Act will be effective September 29, 2010, and does in fact encompassed hand knotted rugs and carpets from Iran. For importers with overseas inventories, or rugs which are warehoused, they must be entered into U.S. territory or U.S. Customers before September 28th, 2010.
According to the Iran National Carpet Center Public Relations, this news comes amidst noted increase in exports of hand knotted rugs which has "seen considerable growth this year in terms of weight and value in the first two months."
Based on IRICA customs release data, value of exports in the first two months of 2009 was $43.6 Million and 700 tones, compared to this years $56 million dollars and 800 Tones. Tracking back to 2008, Iran's exports to the United States reached more than half a billion dollars total.
This is certainly not the first embargo on Persian rugs, and the timing has come at an ever so similar as in years past. Although great disparity between new and old rugs, in the past three years the top three highest prices paid for publically purchased hand knotted rugs sold at auction made World records. Those of which include a $9.6 million VaseCarpet, Doris Duke Isfahan for $4.45 million and another antique Ifahan $4.3 million to name just a few. Auction prices for old Persian rugs have been hitting new highs across the board in many instances, despite signs of lackluster economies. Similarly, before the 1979 embargo during the Iranian Revolution, the Persian rug market had continued to soar worldwide, with rugs exceeding figures previously fathomable.
Below are just a few of these "most expensive rugs and carpets".
A Kerman, 'Vase Carpet' featured in Sotheby's sale 7845 lot 100 from Southeast Persia: A Mid-17th century in the size of 11'1" x 5' at a record sale price and per square foot basis ($173,232.97 USD per square foot) and a record price of $9.599 Million!

October 7, 2009 400 year old hand knotted, Safavid silk rug from Isfahan, Persia sold at Sotheby's London, shattering the highest price per square foot paid for an oriental rug. This rug sold for for 2,729,250 GBP including buyer Premium: $4,335,415.63 ]USD. Just ~ $100,000 short of the most expensive rug. A record investment of $226,853.11 per square foot (measuring 3'7"x 5'4")
Measuring 7'7" x 5'7", this is not only the highest price paid for an Oriental Rug, but also the Second highest investment per square foot. The rug was last sold in 1990 to tobacco heiress doris duke who then donated it to the Newport Restoration Foundation after her death. It was then auctioned at Christies in 2008. Originally the rug was categorized as a Silk kashan, but has since been re-evaluated as being what would more appropriately considered an isfahan dating to the early 1600's: A Silk Safavid Carpet. Sold at Christies on June 3rd, 2008 at Christies Auctioneers in New York City with a hammer price of $4,450,500! That translates to $105,113.37 per square foot.