Diamonds Act, 1986 (Act No. 56 of 1986)Chapter IV : Licences and Permits32. Period of validity and renewal of licence, permit and certificate |
| 1) | Subject to subsection (2) – |
| a) | a diamond dealer’s licence contemplated in section 26(a) is period of five years; |
| b) | a diamond beneficiation licence contemplated in section 26(b) or (c) is valid for a period of five years; |
| c) | a diamond research licence contemplated in section 26(d) is valid until it is suspended or cancelled in terms of this Chapter; |
| d) | a temporary diamond buyer’s permit contemplated in section 26(e) is valid for a period of one month; |
| e) | a diamond trading house licence contemplated in section 26(f) is valid for a period of five years; |
| f) | a certificate contemplated in section 26(g) is valid for a renewable period of 10 years unless the holder of an unpolished diamond disposes of the unpolished diamond, in which case the certificate shall be transferred to the new holder of that unpolished diamond and shall be endorsed by the Regulator to reflect the changes. |
| g) | a permit contemplated in section 26(h) is valid for such period as the Regulator may determine. |
| 2) |
| a) | The Regulator may renew any licence, permit or certificate referred to in section 26. |
| b) | This Chapter applies with the necessary changes in respect of an application for the renewal of a licence, permit or certificate. |
| c) | In the event of the death of the holder of a certificate contemplated in section 26(g), his or her lawful successor must apply to the Regulator for the certificate to be endorsed to reflect the change in the holder of that…….to complete |