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Minerals Marketing Corporation of Zimbabwe (Diamond Sales to Local Diamond Manufacturers) Regulations, S.I. 157/2010
Parliament of Zimbabwe
October 01, 2010

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MINERALS MARKETING CORPORATION OF ZIMBABWE (DIAMOND SALES TO LOCAL DIAMOND MANUFACTURERS) REGULATIONS, 2010

ARRANGEMENT OF SECTIONS

Section

1. Title and date of commencement.
2. Interpretation.
3. Retention of specified portion of diamonds produced locally for sale to local diamond manufacturers.
4. Application by local diamond manufacturers to buy rough diamonds.
5. Sale of diamonds from local diamond pool to local diamond manufacturers and duties of General Manager in relation thereto.
6. Duties of local diamond manufacturers who benefit from local diamond pool.
7. Denial or restriction of access to local diamond pool in certain cases.
8. Prevention of stockpiling of rough diamonds obtained from local diamond pool.
9. Inspections.
10. Offences and penalties.

FIRST SCHEDULE: Grading of Rough Diamonds by Clarity, Colour and Shape.
SECOND SCHEDULE: Form of application to purchase rough diamonds from Local Diamond Pool

IT is hereby notified that the Minister of Mines and Mining Development has, in terms of section 56 as read with section 20 of the Minerals Marketing Corporation of Zimbabwe Act [Chapter 21:04], and after consultation with the Minerals Marketing Board, made the following regulations—

Title and commencement

1.(1) These regulations may be cited as the Minerals Marketing Corporation of Zimbabwe (Diamond Sales to Local Diamond Manufacturers) Regulations, 2010.
(2) These regulations shall come into operation on the date of publication of these regulations or the 1st October, 2010, whichever is the later date.

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