The following Terms and Conditions of Sale apply to all client purchase transactions, unless specifically altered in writing by Premier Diamond Group (North America) Ltd. Please read the Terms and Conditions carefully. Premier Diamond Group (North America) Ltd. Is a specialty dealer in Natural Colored Diamonds with offices in Toronto, Canada, Tel Aviv, Israel and an affiliate office in Malta.
Premier Diamond Group (North America) Ltd. May act either as principal or agent in connection with the sale or purchase of colored diamonds. Prices paid by the client will be higher than those that prevail at the dealer to dealer level. Title to a gemstone passes to the purchaser only upon payment in full. All goods shipped FOB point of departure or held in safekeeping at client’s written request. Shipping is done by registered mail or courier. All goods are fully insured for face value identified on invoice. Client and Premier Diamond Group (North America) Ltd. shall be jointly listed as named insured. In the unlikely event of loss, the client authorized Premier or its duly appointed agent to deal on his/her behalf to recover the insurance proceeds for the benefit of the owner.
In consideration of Premier Diamond Group (North America) Ltd. accepting the account of any client, Premier will not disclose client information (financial or personal) to any third party without the expressed written consent of said client. In the event of a request for information by a government agency, Premier will forward the request to the Company’s attorney who will assess and respond to the request in accordance with the laws of Canada. Further, Premier undertakes to assure its clients that all diamonds sold by the Company have been purchased from legitimate sources not involved in funding conflict and are in compliance with all appropriate United Nations resolutions.
Unless arrangements are made in writing to the contrary, payment in full for all diamonds purchased shall be made in advance of shipping. Title to a diamond passes to the customer, from the Company, once full payment has been received, and processed in the Company’s account by the Company’s bankers. In the event the customer fails to settle the balance of its indebtedness by the Settlement Date shown on the sales invoice, Premier Diamond Group (North America) Ltd. may, without further notice, sell the allocated diamonds to another buyer or return the diamond to the Company’s inventory. Any such sale may be made by the Premier Diamond Group (North America) Ltd. upon any exchange or other market or by public or private sale upon such terms and in such manner as Premier Diamond Group (North America) Ltd., in its sole discretion, may determine.
Upon receipt of payment, any transaction indicated or referred to in any invoice, notice, statement, verbal confirmation or other communication and every statement of account shall be deemed as authorized and correct as ratified and confirmed by the customer. In the event of a possible discrepancy, the customer shall provide written notice to the contrary within ten (10) days from the time such notice, statement, confirmation or other communication is forwarded to the customer. Such notice shall be sent by registered mail to Premier Diamond Group (North America) Ltd.’s business address for correspondence or to some other address communicated to and acknowledged by Premier Diamond Group (North America) Ltd. Any and all written notices and communications sent by Premier Diamond Group (North America) Ltd. to the customer shall be deemed to have been received if sent by mail or by any recorded means such as courier, facsimile or e-mail either delivered to the customer at the address indicated on the customer’s initial correspondence or at some other address communicated to and acknowledged by Premier Diamond Group (North America) Ltd.
The courts of the Province of Ontario, Canada shall have exclusive jurisdiction and venue with respect to any dispute arising from the business relationship between the customer and Premier Diamond Group (North America) Ltd., and the parties consent to personal jurisdiction in the courts of Ontario and waive any objection to jurisdiction. All claims arising from the relationship between the parties, whether sounding in contract, tort or otherwise, shall be governed by and interpreted in accordance with the laws of Ontario, excluding its choice-of-law principles.
In Terms & Conditions – Payment (in whole or in part) or any invoice transmitted by Premier Diamond Group (North America) Ltd. constitutes an acknowledgement by the customer that he/she has received and reviewed the Company profile, and accepts the Terms & Conditions of Sale
Premier Diamond Group (North America) Ltd. has the right to refuse to act as agent for or to accept repurchase or resale instructions from its clients at any time wherever Premier Diamond Group (North America) Ltd. at its sole discretion deems it necessary for its own protection. By settling the invoice with payment, the customer waives any and all claims against Premier Diamond Group (North America) Ltd. for any loss or damage arising from or related to any such refusal.
The provisions of this agreement shall enure to the benefit of and be binding upon Premier Diamond Group (North America) Ltd. and its successors and assigns and upon the successors, assigns, heir, executors and administrators of the customer and shall continue in full force and effect in the event of the death, bankruptcy (whether voluntary or involuntary) or mental incompetency of the customer. No action taken by Premier Diamond Group (North America) Ltd., nor any failure to take action or exercise any right, remedy or power available under this agreement, shall be deemed to constitute a waiver or other modification of any of Premier Diamond Group (North America) Ltd.’s rights, remedies or powers and this agreement is subject to modification only by a further agreement in writing, signed by both parties, between Premier Diamond Group (North America) Ltd. and the customer.
Premier Diamond Group (North America) Ltd. is not licensed as an Investment Advisor to provide Investment Advice. Anyone contemplating the purchase of Natural Colored Diamonds for Wealth Accumulation purposed should perform a proper due diligence. We encourage potential clients to contact our attorneys and accountants listen on Page 23 of this Company Profile to establish our Company bonafides and to consult with their own financial advisors and/or attorneys to movement. Premier cannot guarantee that this historical upward movement in prices will continue in the future.
BIBLIOGRAPHY & ACKNOWLEDGEMENTS
- Fancoldi Limited
- Fancy Colored Diamonds – Harvey Harris
- Collectiong & Classifying Colored Diamonds – Stephen C Hofer
- Diamond Mining in Canada’s North – Indian & Northern Affairs Canada
- Rapaport Diamond Report – October 6-06 “Every Diamond Tells A Story”
- Bloomberg.com Oct 9-07
- Sotheby’s Press Release
- National Jeweler Network Dec 11-08
- Petra Diamond Press Release
- FT.com Financial Times May 15-09 T. Burgis
- A Consumers Guide to Colored Gemstones – David Federman
- Practical Private Strategies – David Marcum
- The Nature of Diamonds – Colored Diamonds chapter by Dr. Emmanuel Fritsch
- Argyle Mine – various spokespersons