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How to Obtain a Diamond Dealers License (Local Trading) in Kenya

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How to Obtain a Diamond Dealers License (Local Trading) in Kenya by Kenyans247(1): Thu Jan 2020 07:27am
Procedure
A person should make an application for a diamond dealer's license to the Cabinet Secretary in the prescribed form and it should be accompanied by the prescribed fee.

An application should be accompanied by evidence sufficient to show that the applicant is in possession of, or commands, sufficient working capital to ensure that he can carry on the business that would be permitted under the diamond dealer's license.

The Cabinet Secretary, before issuing a license, require the applicant to provide security, by way of bond or cash deposit in the prescribed form as the Cabinet Secretary require, for the due payment of any prescribed fees or royalties which may become payable by such dealer in the course of his business under the law.

Required Documents
Application made in writing to the Commissioner
Physical address of the proposed trading premises (offices)
Registration document copies in case of a corporate body
Financial statements
Past experience in the trade or an indication of technical ability

Office Locations & Contacts
Licensing Body: Mines & Geology department
Physical Address: Madini House, Machakos Road, Industrial Area
Postal Address: P.O. Box 30009-00100, Nairobi Kenya
City: Nairobi City County
Tel: +254-020-558034, 558787, 556326, 650825
Email Address: cmg@bidii.com
Website: http://www.minesgeology.go.ke , http://www.mining.go.ke
Operating Hours: 8.00am - 1.00pm and 2pm - 5pm excluding weekends & public holidays.
Directions: View Directions http://www.businesslicense.or.ke/index.php/license/googlemap?office_type=1&id=29

Eligibility
For local diamond dealings, a person is required to apply to the Cabinet Secretary for a Diamond Dealers Licence.


Fees
Application Fee: No Fee
License Fee: KShs. 20,000/=

Validity
One Year

Processing Time
1 - 4 days

Instructions
Contact Office: Commissioner of Mines & Geology, Chief Mining Engineer &Warden of Mines

Resolution Criteria:

Fulfilled requirements
Payment of fees
The prepared diamond dealers license document and its duplicate are taken for stamp duty at the cost of/by the applicant.

Required Information
Full name and address of the applicant
Name and full address of firm/principal
Quantity by weight of diamond(s) in metric carats
Type(s) and number of packages
Number of pieces, specifications/description
Name(s) and locality of mine(s), name and address of supplier(s)
Name and full postal address of consignee
Agent and place of export
F.O.B. value in Kenya shillings and U.S. dollars


Need for the Document
A diamond dealers license in the prescribed form may be issued by the Commissioner and expires on the thirty-first day of December following the date of issue.



Information which might help
The holder of a diamond dealer's license should not:-

deal in diamonds except in accordance with the conditions set out in the license;
engage in mineral dealings concerning diamonds, as either principal or agent, except with either the holder of a mineral right who is authorized to mine diamonds, or the holder of a diamond dealer's license;
store diamonds except at the place or in the premises specified in the license;
deal in diamonds as either principal or agent, except at the place or in the premises specified in the license.
The holder of a diamond dealer's license should comply with any other condition specified in the license.
The holder of a diamond dealer's license should keep a register of dealings in diamonds in the prescribed form.
The holder of a diamond dealer's license should record in the register the following information in respect of transactions for diamonds
the nature and weight of the diamonds;
the price of the diamonds;
the date of the transaction;
in the case of a purchase of diamonds, details of the vendor's authority to sell the minerals; and,
the name and address of the vendor, purchaser or consignee.
The holder of a diamond dealer's license should submit to the Cabinet Secretary in the months of January, April, July and October of every year, a true copy of the register in duplicate for the preceding three months, together with a statutory declaration of the correctness thereof, and should also produce and exhibit the register to a police officer of or above the rank of Inspector whenever required in writing by the officer.

Other uses of the Document/Certificate
For dealing in diamonds locally.



External Links
Diamond Dealers License (Local Trading) http://www.businesslicense.or.ke/index.php/license/details/id/65

The Mining Bill, 2014 http://www.cickenya.org/index.php/legislation/item/download/348_295612c010b4b47c57a6833cdc43899f

Ministry of Mining http://www.mining.go.ke/



Others
A diamond dealer's license shall expire on the thirty-first day of December of the year in which it is granted.

A diamond dealer may apply for renewal of a diamond dealer's license to the Cabinet Secretary in the prescribed form and upon payment of the prescribed fee.

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