DIAMONDS ACT - 1972 (NRCD 32)

    Section - 1 - Restriction on Sale of Diamonds.

    (1) The finder of any diamonds shall sell them to the Diamond Marketing Corporation (hereinafter called "the Corporation") or its local buying agent within four weeks after the expiry of the month in which he finds them or within such further period as the Corporation may in writing permit.

    (2) Save as aforesaid, no person other than the Corporation shall sell or dispose of any diamonds whether for valuable consideration or otherwise.

    (3) The Corporation may sell or dispose of any diamonds to any person whether for commercial or industrial purposes or otherwise, subject to such conditions, which may include conditions in respect of the failure to use any such diamonds for the purpose for which they were sold or disposed of, as the Commissioner may by legislative instrument prescribe.