Diamonds Act, 1986 (Act No. 56 of 1986)Chapter II : The South African Diamond RegulatorPart 2 : State Diamond Trader16. Functions of State Diamond Trader |
| 1) |
| a) | comply with the requirements of the Kimberley Process Certification Scheme in respect of any unpolished diamond it handles; |
| b) | provide insurance cover for itself against any loss, damage, risk or liability it may suffer or incur; and |
| c) | establish, maintain and expand a client base of local diamond beneficiators. |
| 2) | The State Diamond Trader may – |
| a) | acquire diamonds from other diamond producing countries; and |
| b) | enter into agreements with any person, including the State, for the |