Looking through some old UK documentation on markings, from 1948, 1954, and 1964, the light blue colour used in these documents is stated to be "Turquoise No. 102".
In 1948 and 1954 documents the aforementioned 'Turquoise No. 102' was used for semi-armour piecing (SAP) projectiles with a HE filling. The 1954 document also states that SAP-HE projectiles between 1954-1948 and pre-1945 were of an overall buff colouration.
The 1964 states that "Turquoise No. 102" was now used for practice projectiles.
Referring to far later official documentation from 2006 (DEF STAN 00-810) practice ammunition is now stated to be "Deep Saxe Blue No. 113".
Unfortunately I don't have documentation for between 1964 to 2006, so I don't know when the change in colouration from 'Turquoise No. 102' to 'Deep Saxe Blue No 113' occurred?
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Munition paint colours used, as per the 1948 document.
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Munition paint colours used, as per the 1964 document