Diamonds Act, 1986 (Act No. 56 of 1986)Chapter V : The Diamond Trade48. Dealings in unpolished diamonds restricted to approved premises |
| 1) | No producer, manufacturer of synthetic diamonds or dealer or shall sell any unpolished diamond elsewhere than on- |
| a) | the business premises of a licensee; |
| b) | any premises licensed as a diamond trading house in terms of this Act; |
| bA) | the premises of any diamond exchange and export centre established by the Regulator in terms of this Act; |
| bB) | the premises of the State Diamond Trader, or |
| c) | [Deleted by Act No. 30 of 2005 by the Diamonds Second Amendment Act]; |
| d) | such other premises as the Regulator may approve under section 49 on application in writing by such producer, manufacturer or holder. |
| 2) | No licensee shall receive or purchase any unpolished diamond elsewhere than on – |
| a) | the business premises of a licensee; |
| b) | any premises licensed as a diamond trading house in terms of this Act; |
| bA) | the premises of any diamond exchange and export centre established by the Regulator in terms of this Act; |
| bB) | the premises of the State Diamond Trader, or |
| c) | [Deleted by Act No. 30 of 2005 by the Diamonds Second Amendment Act]; |
| d) | such other premises as the Regulator may approve under section 49 on application in writing by the licensee. |