PRECIOUS STONES TRADE ACT of Zimbabwe
CHAPTER 21:06 PRECIOUS STONES TRADE ACT
Acts 8/1978, 1/1982, 22/2001 (s. 4), 10/2007.
In this Act:
– “Deal” in relation to precious stones means to buy, sell, barter, pledge, exchange, give or receive, or offer or expose for sale, barter, pledge, or exchange, or engage in any other transaction whatsoever.
– “Holder of a mining location” refers to the person in whose name the mining location is registered. In the case of a deceased person, a company in liquidation, or any person under a legal disability, it means the executor, administrator, liquidator, trustee, tutor, curator, or other person who has the administration or control of the property of the person in whose name the location is registered.
– “Inspector of mines” means an inspector of mines appointed under the Mines Act.
– “Licence” means a licence issued in terms of section seven.
– “Licensed dealer” means a dealer licensed under section seven.
– “Mines Act” refers to the Mines and Minerals Act [Chapter 21:05].
– “Mining commissioner” means a mining commissioner appointed under the Mines Act.
– “Mining location” means a mining location registered under the Mines Act.
– “Minister” means the Minister of Mines or any other Minister to whom the President may assign the administration of this Act from time to time.
– “Permit” means a permit issued under section eight.
– “Permit holder” refers to the holder of a permit.
– “Postal article” means any letter, parcel, packet, newspaper, or any other article in the course of transmission by post or intended to be transmitted by post.
– “Precious stones” means rough or uncut diamonds, rough or uncut emeralds, or any other substance which is declared to be precious stones for the purposes of this Act under subsection (2). [Definition substituted by section 2 Act No. 10 of 2007]
– “Secretary” means the Secretary of the Ministry for which the Minister is responsible.
– “Tributor” means the lessee or assignee of the rights of the holder of a mining location.
(2) The Minister may, by notice in a statutory instrument, declare any substance to be precious stones for the purposes of this Act.
