Gov�t seeks first right to �historic� diamond finds

The state wants to buy 'unusual' diamond finds to keep as national treasure
The state wants to buy 'unusual' diamond finds to keep as national treasure

Government is amending the law to give the state the first option to buy ‘unusual’ diamond finds such as the historic Lesedi La Rona discovered at Karowe Mine two years ago.

A recently gazetted draft Bill for amending the Precious and Semi-Precious Stones Act contains a new clause that compels any producer that comes into possession of an unusual rough or uncut diamond to notify the minister within 30 days following which government shall have the right of first refusal to the stone.

“The price to be paid by government for a rough or uncut precious stone offered for sale by the producer shall be agreed between the parties in accordance with the current market price of the rough or uncut precious stone,” read the Bill.

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

Have a Story? Send Us a tip
arrow up