Purchase of Goods – Terms & Conditions
Governing the purchase of diamonds, jewellery, rough stones, bespoke products, and related goods.
Nature of the Platform & Transaction Model
Etalery operates a managed, institutional-grade B2B sourcing platform and is not a retail marketplace.
These Purchase Terms apply in addition to Etalery’s Platform Terms & Conditions, Buyer Terms & Conditions, License Agreement, AML Policy, Privacy Policy, and Code of Conduct.
In the event of conflict, these Purchase Terms shall prevail with respect to the purchase and supply of Goods.
Key Characteristics:
- Prices displayed on the Platform are indicative, not fixed
- Goods are sourced through verified manufacturers via Etalery
- Etalery conducts negotiations with suppliers on behalf of the Buyer
- Buyers and suppliers do not have direct contact
- Transactions are concluded only upon Etalery’s confirmation
- All purchases are subject to Etalery’s governance, verification, and approval processes
Purchase Model
- Managed Institutional Sourcing
- Verified Manufacturer Network
- Governed Negotiations
- Secure Global Trade
All purchases are B2B commercial transactions. Consumer protection laws applicable to retail consumers do not apply.
Purchase Terms & Conditions
These Purchase of Goods Terms & Conditions (“Purchase Terms”) govern the purchase of diamonds, jewellery, rough stones, bespoke products, and related goods (“Goods”) by buyers (“Buyer”) through the Etalery platform (“Platform”).
Indicative Pricing & Live Negotiation
All prices displayed on the Platform are indicative estimates based on market conditions, specifications, and availability.
Indicative prices: Do not constitute an offer; Are subject to change without notice; May vary due to market movement, availability, or supplier confirmation.
Etalery may: Negotiate pricing with suppliers; Adjust pricing upward or downward; Consolidate or split selections; Decline to proceed if commercial terms cannot be agreed.
A purchase becomes binding only when Etalery issues a final commercial confirmation to the Buyer.
Order Placement & Confirmation
Buyers may: Add Goods to cart; Submit expressions of interest; Request quotation or negotiation.
Submission of a cart or request does not create a binding order.
A binding purchase occurs only when: Etalery confirms final pricing and availability; Buyer accepts the final commercial terms; Payment is received as required.
Etalery reserves the right to: Reject any order; Modify quantities or specifications; Withdraw Goods prior to confirmation.
Payment Terms
Unless otherwise agreed in writing: 100% advance payment is required prior to order execution.
Payments shall be made: In the currency specified by Etalery; Through approved banking or payment channels.
Etalery may hold Buyer funds in escrow-like operational accounts until supplier obligations are fulfilled.
Etalery shall not be responsible for: Bank charges; Currency conversion costs; Delays caused by financial institutions.
Sourcing, Manufacturing & Fulfilment
Goods are sourced from verified manufacturers and suppliers operating within Etalery’s ecosystem.
Suppliers deliver Goods to Etalery’s designated India export hub.
Etalery: Conducts internal checks and documentation verification; Manages export procedures from India; Coordinates shipment to Buyer’s designated destination.
Delivery timelines are indicative and subject to: Supplier fulfilment; Export clearance; Logistics and customs processes.
Export, Import & Regulatory Compliance
Etalery manages export formalities from India.
Buyer is solely responsible for: Import compliance in destination country; Customs duties, taxes, and levies; Import licenses and regulatory approvals.
Etalery does not guarantee import clearance in Buyer’s jurisdiction.
Any delay, seizure, or rejection due to import non-compliance is the Buyer’s responsibility.
Risk, Title & Insurance
Title to Goods transfers in accordance with the agreed Incoterms or as specified in Etalery’s confirmation.
Risk of loss or damage transfers: As specified in shipment terms; Or upon handover to logistics provider, unless otherwise agreed.
Insurance coverage, if any, shall be specified separately. If not specified, insurance is the Buyer’s responsibility.
Inspection & Acceptance
Buyer must inspect Goods promptly upon receipt.
Any discrepancy must be reported within the timeframe specified by Etalery. Failure to notify within the specified period constitutes acceptance.
Variations in: Colour; Weight; Cut; Craftsmanship; Within industry-accepted tolerances shall not constitute defects.
Returns, Rejections & Cancellations
All sales are final, unless expressly agreed otherwise in writing.
Returns or cancellations are not permitted for: Custom or bespoke Goods; Special-order Goods; Goods sourced against confirmed Buyer instruction.
Any approved return is subject to: Etalery’s inspection and approval; Restocking, handling, and administrative charges.
Custom & Bespoke Orders
Custom or bespoke Goods are produced strictly to Buyer specifications.
Once production begins: Orders cannot be cancelled; Payments are non-refundable.
Minor deviations inherent to craftsmanship are acceptable and not grounds for rejection.
Confidentiality & Platform Integrity
Buyer acknowledges that: Supplier identities are confidential; Commercial structures are proprietary.
Buyer shall not attempt to: Identify suppliers; Circumvent Etalery; Replicate sourcing outside the Platform.
No Retail Consumer Rights
All purchases are B2B commercial transactions.
Consumer protection laws applicable to retail consumers do not apply.
Force Majeure
Etalery shall not be liable for delays or failure caused by events beyond reasonable control, including but not limited to: Acts of government; Trade restrictions; Logistics disruptions; Natural disasters.
Limitation of Liability
Etalery’s liability shall be limited to the amount paid for the specific Goods.
Etalery shall not be liable for: Indirect or consequential losses; Loss of profit or market opportunity.
Governing Law & Jurisdiction
These Purchase Terms shall be governed by applicable laws as determined under Etalery’s corporate governance framework.
Jurisdiction shall lie with competent courts as designated by Etalery, subject to applicable law.
Amendments
Etalery may update these Purchase Terms from time to time.
Continued use of the Platform constitutes acceptance of updated terms.
Entire Agreement
These Purchase Terms constitute the entire agreement governing the purchase of Goods and supersede prior understandings relating to such purchases.