KYC Registration

Domestic Registration

To enable buying relations, we request you to take out some time to understand few key points of the terms stated below:

General Information:

Diamonds purchased/agreed to be purchased or confirmed, cannot be cancelled, returned or exchanged.
Invoice will be raised only in the name in which diamonds are confirmed for purchase/requested for consignment by the client.
Remittance should be made from the same company on which the invoice is raised.
The person Shall be responsible for reimbursing the cost of the damages caused to the diamond/s while viewing in Venus Jewel premises.
Goods invoiced after 7 days of confirmation will be charged at 9% p.a.

Payment Incentive System:

An incentive @ 9% p.a. and interest @ 9% p.a. will be given or charged for early / delay payment respectively. This is subject to change without any prior intimation.
The above amount, if applicable will be incorporated in your next invoice by way of charge or credit.

Update:

Clients are required to inform Venus Jewel of any changes in details of your Know Your Customer (KYC) form details; like name, address, structure, directorships, beneficial ownership or any other relevant information within 30days from the date of such changes.

Disclaimer:

Venus Jewel does not guarantee that the grading results of the diamond sold necessarily matches with those of any of the external laboratories.
Rap % wherever indicated are for reference purpose only.
The prices are always mentioned as 'per carat price'.
Certain terms implicit and inbuilt into our systems, as per the criteria defined therein form part of the terms of sale.
The terms mentioned in this document, under "Terms & Conditions" are subject to changes without any prior written notice.

If there may be any query, please contact your designated Sales Executive or write us at salesexecgroup@venusjewel.com

International Registration

To enable buying relations, we request you to take out some time to understand few key points of the terms stated below:

General Information:

Diamonds purchased/agreed to be purchased or confirmed, cannot be cancelled, returned or exchanged.
Invoice will be raised only in the name in which diamonds are confirmed for purchase / requested for consignment by the client.
Remittance must be made from the same company on which the invoice is raised to.
All local / overseas bank charges are borne by the remitter (please tick column no. 71A of Remittance Form of your bank, if applicable.
The person shall be responsible for reimbursing the cost of the damages caused to the diamond/s while viewing in Venus Jewel premises.

Shipment Incentive System:

An incentive of 9% p.a. is charged for goods exported after 7 days of confirming purchases. This is subject to changes without any prior intimation.
Barring free shipment limited to specific destinations and flights, a charge is applicable for all other destinations and flights. For more information please contact your designated sales executive.

Payment Incentive System:

An incentive of 9% p.a. and interest @9% p.a. will be given or charged for early / delay payment respectively. This is subject to changes without any prior intimation.
The above amount, if applicable will be incorporated in your next invoice by way of charge or credit.

Update:

Clients are required to inform Venus Jewel of any changes in details of your Know Your Customer (KYC) form details; like name, address, structure, directorships, beneficial ownership or any other relevant information within 30days from the date of such changes.

Goods sent on consignment:

Goods sent on International consignment (Memo) basis are based upon the terms decided by Venus Jewel from time to time. Our respective Sales executive will explain you the terms.
Once the Diamond leaves Venus Jewel Premises, any loss or damages caused to the diamond is borne by the buyer / consignee.
As soon as Venus Jewel has received an Advance Payment for Diamond/Diamonds in which are shipped to you for inspection; Venus Jewel has the right to deduct any charges caused by damages to the diamond, bank charges, and/or any currency rate changes or charges that are occurred.

Disclaimer:

Venus Jewel does not guarantee that the grading results of the diamond sold necessarily matches with those of any of the external laboratories.
Rap % wherever indicated are for reference purpose only.
The prices are always mentioned as 'per carat price'.
Certain terms implicit and inbuilt into our systems, as per the criteria defined therein form part of the terms of sale.
The terms mentioned in this document, under 'Terms & Conditions' are subject to changes without any prior written notice.

If there may be any query, please contact your designated Sales Executive or write us at salesexecgroup@venusjewel.com

Basic Details