Diamonds Act, 1986 (Act No. 56 of 1986)Chapter VII : Control Measures77. Control over production of diamonds |
| 1) | The Minister may at any time on the recommendation of the Regulator and by notice in the Gazette – |
| a) | determine the maximum quantity in value of unpolished diamonds which may during the period specified in the notice be disposed of or exported by any producer or a producer so specified; |
| b) | direct that the value of all unpolished diamonds, or of a class of unpolished diamonds specified in the notice, won or recovered by any producer or a producer so specified be assessed in the manner specified in the notice, and prohibit any such producer or specified producer to sell such diamonds, or class of diamonds, without the approval of the Minister at a price below the value so assessed; |
| c) | prohibit any producer or a producer specified in the notice to dispose of any unpolished diamond to, or export it through the agency of, any person other than a person specified in the notice; |
| d) | declare that – |
| i) | from the date specified in the notice no agreement entered into by any producer or a producer so specified for the disposal of unpolished diamonds shall be valid unless such an agreement is approved by the Minister; and |
| ii) | any agreement entered into prior to the date of the notice by any producer or a producer so specified for the disposal of unpolished diamonds shall be invalid in respect of unpolished diamonds delivered after that date in pursuance of such an agreement unless such an agreement is approved by the Minister. |
| 2) | The Minister may at any time amend or withdraw a notice referred to in subsection (1) by like notice in the Gazette. |