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Buy Rough Diamonds

  • USA USA  
  • Last Updated:
    Posted on: 25 Jul 2020

RFQ Details

Diamonds Required : D-G and VVS1 and VVS2

Quantity : Min 25, 000 Carts per transaction, 50, 000 carat min preferred, We can start at lower monthly volumes (4K-5K) so long as a relationship can be established that will lead to larger monthly volumes

Preferred TTM location Geneva

Procedure Diamonds
a) Seller send manifest or offer, the offer should clearly indicate how seller proposes to show POP, in what format and when , also the documentation that will be shown as POP needs to be clearly stated, It should also clearly outline how seller will accept POF and in what format , Commissions , origin., . quantity , clarity , colour and current location should also be listed, the offer should be on sellers letter head and buyer can not engage with an unknown counterpart,

b) Buyer responds with LOI against manifest /offer or may of appropriate enter contract immediately

c) if contract is not entered immediately -Seller may send FCO , Buyer signs, seals and returns FCO

d) contracts are issued, signed, sealed and returned (Note: we require Sellers Financier to sign SPA and provide passport), SPA/Contracts lodged with buyers + sellers bank

e) Seller shows POP either via his bank or the showing of export certificates, certificates of ownership , SKR or Kimberley certificates , Currently dated Photographs on white paper would also be welcome although not essential

f) Buyer issues MT799 which is a bank responsible swift to sellers bank not only showing buyers POF but also stating that funds are held internally by buyers bank in favoir of the specific transaction as referenced in the contract for a period usually of 20 days, This allows buyer to move diamonds in the full knowledge that he will be paid on delivery

g) Seller delivers Diamonds to Europe (Geneva or Zurich) and Gemologist inspects, transaction closes with payment by funds transfer against exchange of ownership documents


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