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EU ADOPTS NEW CUSTOMS CODE FOR LAB-GROWN DIAMONDS

The code will be enforced starting January 1, 2020
Synthetic Diamonds
Credit: Sergei Lazon

In order to differentiate natural diamonds from lab-grown stones, the European Commission has adopted a new customs code for lab-grown diamonds, Rough & Polished reports. The European Commission is the executive branch of the European Union.

 

Synthetic Fancy, scio diamond
Credit: Scio Diamond Technology Corporation

 

The code, which will be enforced starting January 1, 2020, will be valid until January 1, 2022. Then, the customs code HS6, recently adopted by the World Customs Organization (WCO), will be applied by the EU.

 

Lightbox Jewelry lab diamonds
Credit: Lightbox Jewelry

 

The European Federation of Jewellery (EFJ) hopes that the new customs code “will facilitate the monitoring of synthetic diamond flows in Europe” and “ increase the efficiency of the Kimberley Process Certification Scheme”.



Tags: Diamonds News, Jewelry News, Diamond Industry News, Synthetic Diamonds News

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