15A. Forfeiture of precious stones on conviction of offence 16. Procedure on confiscation of precious stones.
AN ACT to regulate the possession of and dealings in precious stones; and to provide for matters incidental to and connected with the foregoing.
[Date of commencement: 21st April, 1978.]
1 Short title
This Act may be cited as the Precious Stones Trade Act [Chapter 21:06].
“deal”, in relation to precious stones, means buy, sell, barter, pledge, exchange, give or receive, or offer or expose for sale, barter, pledge or exchange, or have any other dealing or transaction whatsoever;
“holder of a mining location” means the person in whose name the mining location is registered and, in the case of a deceased person, a company in liquidation or any person under a legal disability, means the executor, administrator, liquidator, trustee, tutor, curator or other person who has the administration or control of the property of the person in whose name such location is registered;
“inspector of mines” means an inspector of mines appointed in terms of the Mines Act;
“licence” means a licence issued in terms of section seven;
“licensed dealer” means a dealer licensed in terms of section seven;
“Mines Act” means the Mines and Minerals Act [Chapter 21:05];
“mining commissioner” means a mining commissioner appointed in terms of the Mines Act;
“mining location” means a mining location registered in terms of the Mines Act;
“Minister” means the Minister of Mines or any other Minister to whom the President may, from time to time, assign the administration of this Act;
“permit” means a permit issued in terms of section eight;
“permit holder” means the holder of a permit;
“postal article” means any letter, parcel, packet or newspaper or any other article whatsoever in the course of transmission by post or intended to be transmitted by post;
“precious stones” means rough or uncut diamonds, or rough or uncut emeralds or any other substance which is, in terms of subsection (2), declared to be precious stones for the purposes of this Act;
[Definition substituted by section 2 Act No. 10 of 2007]
“Secretary” means the Secretary of the Ministry for which the Minister is responsible;
“tributor” means the lessee or assignee of the rights of the holder of a mining location.
(2) The Minister may, by notice in a statutory instrument, declare any substance to be precious stones for the purposes of this Act.
(1) Except as provided in this Act, no person shall deal in or possess precious stones unless he is— (a) a licensed dealer; or
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We need the type of information you release to the public and interested parties.
\the gemstone sector seems to be fraught with secrecy and is generally not transparent and accessible to individuals interested in this seemingly lucrative sub-sector of the extractive industry.
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