[miningmx.com] – THE South African government should force mining companies to avail a higher portion of their diamonds for cutting and polishing inside the country, said Bloomberg News citing the country’s State Diamond Trader.
Local cutters and polishers don’t have sufficient opportunity to buy the range and volume of stones they need for local manufacturing, Dolly Mokgatle, chairwoman of State Diamond Trader, said at a conference in Johannesburg.
Producers in South Africa, such as Anglo American’s De Beers unit and Petra Diamonds, are already required by law to sell as much as 10% of their stones to the SDT.
“The tightening of any loophole which allow companies to remove vast amounts of diamonds from the country may be something to consider,” Mokgatle told the newswire service. “Export laws should be in place and implemented.”
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