South Africa Tightens Rough Rules to Boost Local Manufacturing

Guidelines require producers to offer reasonable prices and assortments.
A De Beers employee holding three rough diamonds at the company’s sightholder sales building in Kimberley, South Africa by Ben Perry/Armoury Films/De Beers image

South Africa’s diamond regulator has introduced new guidelines requiring rough producers to offer their goods to local buyers on more attractive terms.

Miners in the country already have to make 10% of their run-of-mine rough available for the State Diamond Trader (SDT) to purchase. After that, producers — or dealers that bought rough from them — must offer…

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South Africa Tightens Rough Rules to Boost Local Manufacturing

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