Diamonds Act, 1986 (Act No. 56 of 1986)

Chapter VI : Export of Diamonds

Purchase

For the purposes of levying export duty on any unpolished diamond in terms of this Chapter –

a)	the value of that diamond as specified in the return referred to in section 61 (2); or

b)	the value of that diamond as specified in the certificate referred to in section 65 (2),

whichever is the higher value, shall be deemed to be the fair market value of that diamond.

[Section 66 repealed by section 19(5) of the Diamond Export Levy (Administration) Act, 2007 (Act No. 14 of 2007)]