Under the Diamonds Act of 1986, it was made illegal to possess such diamonds without a license to mine, cut, polish or market them. Such license are purchased from the government through the South African Diamond Board, which was set up by the act to monitor and control the lucrative diamond trade.
What happens if you find a diamond in your backyard South Africa?
If you find any unpolished diamond, and you do not have a permit to prospect, dig or mine for diamonds, you must immediately take it to the nearest police station. It is an offence not to do this.
Can I mine diamonds in South Africa?
Ever since the Kimberley diamond strike of 1868, South Africa has been a world leader in diamond production. The primary South African sources of diamonds, including seven large diamond mines around the country, are controlled by the De Beers Consolidated Mines Company.
Is it illegal to sell uncut diamonds?
The Act prohibits the “importation into, or exportation from, the United States on or after July 30, 2003, of any rough diamond, from whatever source, unless the rough diamond has been controlled through the Kimberley Process Certification Scheme (KPCS)”.
Where can I dig for diamonds in South Africa?
The Cullinan diamond mine is located in the Gauteng province of South Africa. The site is situated 40km east of Pretoria in Cullinan. The diamond mine is also known as Premier mine.
Can I keep a diamond I found?
If you ever find a diamond ring, or any lost property, don’t assume that you can keep it. Always attempt to find the owner if possible, or turn the item in to the police. … So, unless you’re at Crater of Diamonds State Park, you cannot keep a found diamond.
Can you sell a diamond you found?
You can usually sell an uncertified diamond, but we expect the individual, jeweler, or pawn shop that you sell to might want to do their own examination or appraisal of the diamond to see whether it is worth purchasing from you.
Do you need a license to sell diamonds in South Africa?
Trading With Diamond And Precious Metals In South Africa. The SADPMR issues diamond licenses and permits such as Diamond Dealers license which allows a license holder to buy, sell import and export rough diamonds. The Diamond beneficiation license which allows you to cut and polish rough diamonds.
How do I get a diamond Licence in South Africa?
How to apply for a Diamond Licence?
- Download the application form (DD) below from the SOUTH AFRICAN DIAMOND AND PRECIOUS METALS REGULATOR. …
- Completing the application for the Diamond Dealers Licence. …
- Documents to submit with the application. …
- Submitting the application. …
- Process. …
- Licence Application help.
What type of diamonds are found in South Africa?
Alluvial diamonds and small diamondiferous fissures have been known and worked for many years along the southern banks of the Orange River as well as along and off South Africa’s west coast.
How much is a 5 carat uncut diamond worth?
Diamond Pricing: the prices per carat for 5 carat stones range from $9,350 to $147,400 PER CARAT. From 5 carats and up, diamonds are large enough to be cut into Heart Shape diamonds. Because of the Heart’s complex shape it will look more beautiful when the stone is larger.
Is it illegal to grow diamonds?
According to the FTC, it is illegal to use the term “diamond” for a lab-grown diamond unless you add a descriptor that makes it clear that it is lab-made and not natural.
Does airport scanner detect diamond?
Generally speaking scanners cannot identify diamonds. However they can identify metal that diamonds are mounted in, or if carried loose, the paper briefke in which the diamond is located. However, 99% of all airport staff will wave you through as cleared if you show them the paper briefke.