Abstract
With the global economic concerns putting pressure on many national and international trade concerns and entities, especially in the trade of high-value luxury goods, it is important to consider the South African diamond industry in modern times. The mining sector and the diamond industry have traditional relevance to the South African economy. This paper will consider diamond law in light of the licensing processes pertaining to mineral rights and diamond trade in modern South Africa. The purpose of this analysis is to consider whether or not the policy considerations of modern diamond law in South Africa have been supportive of the growth and development of the industry, especially in light of the more humane and inclusive provisions of the Diamonds Act 56 of 1986 and the Mineral and Petroleum Resources Development Act 28 of 2002, which seek to enhance local mining and beneficiation of diamonds.
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