To be a socio-economic transformative regulator that is centred on local beneficiation of diamonds and precious metals and to strive for business excellence.
To render regulatory services by:
- Ensuring equitable access to diamonds and precious metals resource
- Promoting local beneficiation of diamonds and precious metals
- Collaborating with the industry and other stakeholders
- Developing strategies to support black industrialists
- Enforcing compliance with legislation
- Advancing intra-Africa diamond trade
- Promoting business development support and growth
- Supporting skills development in the diamond and precious metals’ industries
SADPMR Strategic Objectives
To ensure competitiveness, sustainable development and job creation in the diamond and precious metals industry.
To ensure effective transformation of the diamond and precious metals sectors.
To ensure equitable access to resources for local beneficiation.
To ensure compliance with legislative requirements.
To improve organizational capacity for maximum execution for excellence.
The South African Diamond and Precious Metals Regulator (SADPMR) was established by the Diamonds Act, 1986 as amended to implement the following legislation:
- Diamonds Act, 1986 (as amended)
- Precious Metals Act, 2005
- Diamond Export Levy Act, 2007 in collaboration with South African Revenue Services (SARS), and
- Diamond Export Levy (Administration) Act, 2007