© Crown copyright 2019
This publication is licensed under the terms of the Open Government Licence v3.0 except where otherwise stated. To view this licence, visit nationalarchives.gov.uk/doc/open-government-licence/version/3 or write to the Information Policy Team, The National Archives, Kew, London TW9 4DU, or email: firstname.lastname@example.org.
Where we have identified any third party copyright information you will need to obtain permission from the copyright holders concerned.
This publication is available at https://www.gov.uk/government/publications/brexit-and-the-uk-trade-in-rough-diamonds/brexit-and-the-uk-trade-in-rough-diamonds-letter
Trading in rough diamonds after the UK leaves the EU
The UK trade in rough diamonds, which is regulated by the Kimberley Process (KP) Certification Scheme, will be affected by the UK leaving the EU on 29 March 2019.
If the UK leaves the EU with a deal
The EU is a participant of the KP and currently acts on behalf of the UK.
We have agreed with the EU that they will treat the UK as a Member State for the purpose of the KP until 31 December 2020.This means you will be able to trade in rough diamonds in exactly the same way as you do now.
After 31 December 2020, we would then move to independent UK participation.
If the UK leaves the EU without a deal
If the UK leaves the EU without a deal on 29 March 2019, UK based businesses will not be able to trade internationally in rough diamonds until the UK has secured independent participation in the KP.
The government is already taking steps to do this. We have applied for KP participation, to take effect from the point at which the UK is no longer represented by the EU. We have prepared the secondary legislation necessary to enact the KP in the UK, and will have ready a new UK KP certificate to replace the EU one.
Preparing your business
You should consider making arrangements to have any rough diamonds on consignment or loan to countries in the KP (including the EU) returned to the UK before the UK has left the EU. This would avoid delays until the UK secures independent participation.
When the UK becomes an independent participant in the KP, all rough diamond exports from the UK to the EU will require UK KP certification. Rough diamond exports from the EU to the UK will also need an EU issued KP certificate. Traders should consider how this will affect their EU customers and plan accordingly for future trading.
Check the guidance on trading in rough diamonds for updates on the UK’s KP application.
If you would like to discuss this further please do contact the Government Diamond Office at email@example.com