Acts Online
GT Shield

Diamonds Act, 1986 (Act No. 56 of 1986)

Chapter V : The Diamond Trade

56. Notes of receipt or purchase in respect of unpolished diamonds


1) Whenever a licensee receives or purchases any unpolished diamond he shall forthwith complete in duplicate a note of receipt or purchase on the prescribed form.


2) The original of every note of receipt or purchase completed in terms of subsection (1) shall be handed over to the person who delivered or sold the unpolished diamond, and the copy thereof shall be retained by the licensee for a period of at least five years after the date on which he or she received or purchased the unpolished diamond.