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South Africa Tightens Rough Rules to Boost Local Manufacturing
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South Africa Tightens Rough Rules to Boost Local Manufacturing
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 the remaining goods for at least four days at the Diamond Exchange and Export Centre (DEE…
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