Embassy of Ghana - The Hague

• Application forms for Licenses to purchase Diamond may be obtained by any foreign company and/individuals from the PMMC. Completed forms must be returned to the Managing Director of PMMC with a non-refundable fee of USD$100.
• Processing of application forms requires a confidential status report on the company. Whilst this is being done, a temporary license may be issued not exceeding six months. A company so issued with a temporary license may commence purchase of rough diamonds only upon the payment in full US$1,000 per month for the period approved and an up-front payment transfer of not less than USD$250,000 is required. All unutilized funds will be transferable. Fees for permanent Licenses are US$12,000 per annum. This is renewable every year.
• Permanent license holders are required to purchase not less than US$150,000 worth of diamonds per month.
• All buying agents are provided with an office at Diamond House with basic office furnishing for the purpose of buying rough diamonds.
• A temporary or permanent buyer must engage resident valuer(s) to purchase the rough diamonds by negotiating directly with local winners and agents alongside other buyers at competitive prices.
• All purchasing activity must be done in this office at Diamond House and not at the mining sites.
• Rough diamonds purchased by License Buying Agents are kept in a special box at the end of each working day and transferred to PMMC for security safe keeping until required by the agent.
• A commission of not more than 3% on the export value of rough diamonds shipped at the request of the agent to a designated address is paid to PMMC.
• A license will be withdrawn immediately for the following reasons:
  • Inactivity for a period exceeding 21 days without prior notice
  • Buying diamonds outside the premises
  • Infringement or violation of Ghana's Mining Laws
  • An official adverse report on the status of the company
  • Buying malpractice including dealing with solely selected agents/winners
  • Using the office for other purposes other than buying diamonds

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