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Sierra Leone Diamond Valuation Procedure
1. All exporters are required to make a 24 hour appointment at the PMT
before export commences.
2. Valuation starts by receiving the rough diamonds from a licensed
exporter. The goods are then weighed in order to confirm the weight brought
in by the exporter.
3. The goods are then sized according to the prescribed sizes on the
schedule B.The different sizes of diamond are shared among the valuers for
sorting and valuation process. At the same time, the consultant from the
diamond counsellor international (DCI) also sorts and values the diamonds
which serves as counter valuation check for transparency purpose. The weight
of each size is entered into the valuation worksheet and signed by the
exporter.
4. After completion of valuation by the PMT officials, DCI (Diamond
counsellor international and the declared value from the exporter, the
prices are then computerised by the valuer. The highest of the three Prices
is indicated as the final value on the schedule B and Kimberley certificate
and analysis sheet.
5. The rough diamonds are then reweighed by a valuer in the presence of the
exporter and Mines Monitoring Officer and put into a wooden box. The
signatories of the Director/Manager, Mines Monitoring Officer, and Customs
Officer are indicated on the wrapped box. The consignee address, random
number, parcel number, parcel code, weight and dimension of the box are also
indicated on the wooden box by a valuer.
6. Before preparing the Kimberley certificate, the exporter produces the
inflow (bank statement) as part of the supporting document for the eventual
signing of the Kimberley certificate.
7. The inflow from the exporter is used to prepare the declaration form. The
valuation price of the goods is subtracted from the total amount of money in
foreign currency deposited by a licensed exporter. The inflow should cover
the total value of the goods brought in by the exporter for valuation.
8. The exporter uses a copy of the schedule B sheet to pay the 3.03 % export
duty to the central bank. The Exporter comes with the paid slip to the
Trading and Auditing department and a PMT receipt is prepared.
9. The following documents below are then taken to the National Minerals
Agency for vetting and then to the ministry of mines for signatories:
a perusal form
a valid diamond export license
a signed Kimberley certificate
a schedule B (input of final valuation price) and a copy
a comparative valuation analysis sheet and a copy
declaration form where valuation prices are balanced with inflow(bank
statement)
an inflow or bank statement from any commercial bank
a receipt of the export duty paid i.e. 3.03%
10. A photocopy of the Kimberley Certificate is attached to the above and
sent to the Directorate of Mines, National Minerals Agency for vetting
11. The signed certificates from the NMA/Mines are then brought back to the
office. The Kimberley certificate is sealed in a polythene bag with wooden
box. Snapshots of the Kimberley certificate are not allowed by exporter.
12. Copies of the Kimberley certificate and schedule B are handed over to
the exporter together with the sealed certificate and box. The photocopies
are to be deposited to the respective authorities at the lungi international
airport. Copies of the Kimberley certificate and schedule B are kept in the
PMT for record purpose.
13. On completion of the valuation process the manager of trading and
auditing department collect useful information from the exporter including
address of exporter in Sierra Leone, valid inflow and date of departure from
Sierra Leone. This date is liable to confirmation from the customs in Lungi
where copies of the Kimberley certificates should be deposited for legal
export of diamonds from Sierra Leone. This information collected from
exporter also helps in preventing forgery of the Kimberley certificate given
to them. The Kimberley certificate certifies the legality of diamonds
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