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Market NewsNewsSA State Diamond Trader under fire

SA State Diamond Trader under fire

The performance of the State Diamond Trader, which was set up to promote the local beneficiation of diamonds, was not satisfactory, Parliament’s mineral resources committee has concluded, Business Day reported.

Diamond exporters have to make up to 10% of their rough diamonds available to the State Diamond Trader so that it can supply historically disadvantaged beneficiators. The finding was made in the committee’s report on the annual 2017-18 performance plan of the Department of Mineral Resources and its entities, the Business Day report said.

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