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

Chapter IV : Licences and Permits

26. Kind of licence, and permit and certificate

 

Subject to this Chapter, the Regulator may issue the following licences, permits or certificates, namely –

a) a diamond dealer's licence entitling the holder to carry on business as a buyer, seller, or importer or exporter of unpolished diamonds;
b) a diamond beneficiation licence entitling the holder to polish diamonds for the purpose of business or trade;
c) a diamond beneficiation licence entitling the holder to set unpolished diamonds in tools, implements or other articles or to crush or to alter those diamonds for the purpose of such setting or for the purpose of trade;
d) a diamond research licence entitling the holder to do applied research and tests in connection with diamonds, but not to polish diamonds for the purpose of business or trade.
e) a temporary diamond buyer’s permit entitling a person who does not hold a licence in terms of this section to buy an unpolished diamond from a diamond exchange and export centre;
f) a diamond trading house licence entitling the holder thereof to facilitate the buying and selling of unpolished diamonds locally on premises registered in terms of section 47;
g) a certificate entitling a person to be in possession of an unpolished diamond obtained in a lawful manner.
h) a permit entitling a person to sell, export or import an unpolished diamond on prescribed conditions