South African Diamond and Precious Metals Regulator

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Our Programmes


Purpose: To provide strategic and administrative support services to the Regulator. It consists of the following Sub- Programmes:

  1. Office of the CEO
    • Internal Audit
    • Communication and KPCS
    • Corporate Governance
  2. Human Resources Management
  3. Security Risk Management
  4. Information and Communication Technology (ICT)
  5. Office of the Chief Financial Officer
  6. Legal Services


Diamond Trade programme comprises of Government Diamond Valuator, Diamond Export and Exchange Centre and Kimberley Process Certification Scheme sub-programmes.

The purpose of this programme is to regulate and facilitate the buying, selling, exporting and importing of diamonds to ensure that they are traded at fair market value as well as to prevent the trade in conflict diamonds in accordance with the Kimberley Process Certification Scheme.

Government Diamond Valuator

The Government Diamond Valuator (GDV) was appointed by the Regulator in July 2008 in term of Section 5(1) (c) of the Diamonds Act, 1986 as amended, which states that “the Regulator shall appoint a person who has expertise in market prices in respect of diamonds as a government diamond valuator’”.

The GDV functions are listed below:

Rough exports – Value all unpolished diamonds at the (Diamond Exchange and Export Centre) declared for export to ensure fair market value.

Polished exports – Examine and value all polished diamonds to be exported to ensure that all polished diamond are exported at fair market value.

Temporary exports (Deferments) – Examine and value all unpolished diamonds that are temporarily exported for expert opinion or marking.

Rough imports – Examine and value all imported unpolished diamonds to ensure fair market value. All rough importation of unpolished diamonds are meticulously sorted and valued by the GDV to ensure that the goods being imported are of fair market value. As importers receive credits on their import, hence it is important for GDV to ensure an accurate valuation.

State Diamond Trader (SDT) – Examine and value the 10% of production presented to SDT by all diamond producers, upon invitation from the State Diamond Trader. The GDV conduct a valuation on the 10% presented by the producer and collate as much data of the 90% as possible to ensure representative sample. The valuation presented by GDV is communicated to both parties and is regarded as fair market value.


Diamond Exchange and Export Centre (DEEC)

The Diamond Exchange and Export Centre (DEEC) was established in terms of section 59(b) of the Diamond Act, 1986, as amended and has been in operation since 14 January 2008. Its core functions are to facilitate the buying, selling, exporting and importing of diamonds.
The DEEC is a secure and controlled environment where diamonds are offered on tender to the diamond licence holders. It plays a vital role in ensuring that unpolished diamond tenders are facilitated fairly to the local market.
An additional service for the facilitation of polished diamonds was launched on the 15th February 2013 by DEEC and first tenders were facilitated from the 11th - 15th March 2013.


Regulatory Compliance comprises of Licensing, Diamond Inspectorate, Precious Metals and Beneficiation sub-programmes
Purpose of this programme is to regulate the diamond and precious metals industries


The Licensing sub-programme is responsible for receiving and processing all license applications for trade in unpolished diamonds, research and the beneficiation of unpolished diamonds. It also receive and process applications for license or permit for beneficiation of precious metals ,refining, research, jewellery making as well as precious metals import permits and export authorization.
Compliance audits on licensees are also conducted to monitor whether they are complying with the undertakings made in their business plans.

Diamond Inspectorate

This sub-programme is responsible for ensuring compliance with the Diamond Act legislation in terms of the following aspects:
(a)  Conduct business premises inspections prior to a license being issued in order to ensure that such premises comply with the requirements and conditions as prescribed in terms of the Diamond Act, 56 of 1986 as  amended
(b)  Ensure that business premises are utilized only for the purpose authorized for the license.
(c)  Ensure that clients at Trading Houses have valid licenses and permits.
(d)  Examine any J register or document or make an extract therefrom or a copy thereof, and require from any person an explanation of any entry in any such J register or document.
(e)  Require from any person who has diamonds in his/her possession or custody or under his/her control any J register or document in terms of the Diamond Act, 56 of 1986 to immediately produce to Diamond  Inspector at any such time and place any such J register or document.
(f)  Ensure that diamond producers or permit holders, are registered with the Regulator and are submitting J-registers every month.

Precious Metals and benefication

The Precious Metals & Beneficiation sub-programme of the Regulatory Compliance Programme is involved with two main functions:

Precious Metals Inspections

This function entails ensuring compliance with the Precious Metals Act, and involves:
(a)  Conduction of inspections relating to precious metals licences and applications for such licences and 
(b)  Monitoring of trade transactions through prescribed registers and information submission forms.


This function involves promoting the beneficiation of precious metals and diamonds in South Africa.