Getting a diamond license requires following regulations that vary by location.
Here’s a quick guide:
- Know Your Location’s Laws: Diamond dealing regulations differ by country or state. Research your local requirements.
- License Types: Different licenses exist for activities like buying uncut diamonds (rough) or selling polished stones. Choose the right one.
- Eligibility: Meet requirements like minimum age, residency, and clean criminal record. Some may require good character, diamond knowledge, or financial stability.
- Regulations: Understand and comply with local rules, including KYC/AML procedures, recordkeeping, security, and Kimberley Process adherence.
- Apply: Once prepared, gather documents and submit your application to the designated authorities. Fees, interviews, and inspections may be involved.
Additional Resources:
- EvanRoberts Diamond Consulting https://evanroberts.co.za
- Diamgold Academy Diamond Education https://diamondcollege.co.za
- Diamond Articles and Resources https://24hourdiamondnews.com