Diamonds Act, 1986 (Act No. 56 of 1986)Chapter VI : Export of Diamonds65. Examination and valuation of unpolished diamonds for export |
| 1) | The registering officer- |
| a) | shall examine any unpolished diamond registered for export in terms of this Act and verify any particulars furnished in respect thereof; and |
| b) | may retain such diamond in order to have the value thereof assessed in the prescribed manner or by any person designated by the Regulator for that particular valuation or for valuation in general. |
| 2) | The person who has assessed the value of an unpolished diamond referred to in subsection (1)(b), shall furnish the registering officer with a certificate in which he or she specifies the value of that unpolished diamond and the name of a person who is prepared to purchase that diamond at the value so specified. |
| 3) | A certificate furnished in terms of subsection (2) shall be deemed to be an offer to the exporter by the person specified therein to purchase the diamond in question at the value specified therein. |
[Section 65 amended by section 19(6) of the Diamond Export Levy (Administration) Act, 2007 (Act No. 14 of 2007)]