We hereby inform the business community and other interested parties that as a result of the need to adjust the mechanisms for certifying the origin of rough diamonds, precious metals and gemstones, and to establish rules for marketing and control, in accordance with the requirements internationally established under the Kimberley Process, it has been approved a new Regulation for marketing of diamonds, precious metals and gemstones through the Decree no. 63/2021, of 1 September which repeals the previous Regulation.
The new regulation aims at establishing the rules that govern the marketing of rough diamonds, precious metals and gemstones, as well as to establish the conditions to undertake activities of marketing, import, export and transit of rough diamonds, precious metals and gemstones.
Among the novelties introduced by the new Regulation, we highlight the following:
- prohibition on the importation of diamonds by a person authorized to mine the ore under any mining title;
- requirement to submit the proof of sale to the Kimberley Process Management Unit (UGPK), after conducting an authorized sale in the context of exportations;
- introduction of fees for the issuance of Certificates of Origin for Precious metals up to 1999g and above 2000g, as well as for issuing Certificates of Origin for Semi-precious Stones;
- introduction of a fee for issuance of the Authorization for Exportation of Semi-precious Stones; and
- designation of UGPK as a facilitator in the export and import of diamonds, precious metals and gemstones in Commercial Warehouses
It should be noted that the new regulation entered into force on 01 September 2021, the date on which it was gazetted.