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1.
The WCM Natural Color
Guarantee.
All
Fancy Colored Diamonds offered by Wexford Capital
Management are guaranteed to be Natural Colored, free of any
effects of irradiation, doctoring, or color enhancement techniques.
2. Clients must confirm an order for a Fancy Colored Diamond
by telephone. Emails are not sufficient to confirm a
commitment to purchase these limited availability products.
3. Minimum order size, per invoice, is currently $3,500.
4. Due to the nature of the
international diamond market, payment must be received by WCM within
7 business
days of invoice date.
5. Payments may be made by Personal Check, Corporate Check,
Cashier's Check, Bank Draft, or Bank Wire. All Personal and Corporate Checks require a mandatory
7-Day Hold
after receipt by WCM for depository clearing. Payments by Bank Wire
are the most expeditious
means of payment, shortening "time-to-shipment" by 7 to
10 days, but are only required for orders of $10,000 and above.
We do not handle credit card payments due to costs and security
reasons.
6. All WCM Fancy Colored Diamonds are shipped to
clients free of charge by USPS Registered Mail or via diamond
couriers depending on transaction value.
7. Clients have a 10-Day Return Privilege, commencing on the
next day after physical receipt of their order; this policy means
that the return shipment from client must have a postmark or
registered receipt dated within this 10-day period. The returned
diamond must be re-shipped at the client's expense, fully-insured
using either USPS Registered Mail or a WCM approved shipper.
Upon presentation to WCM of a legible copy of the receipt for
return shipping costs to the diamond supplier as instructed by WCM
, the advisor will reimburse the client by check. A full
refund for a returned diamond will be issued to the client, by
check or by bank wire, depending upon the original form of payment
from the client, provided the following industry practice
conditions are met:
| a. The diamond
received by the designated WCM diamond broker must match
the original gemologist's description and the grading
certificate accompanying the relevant transaction.
Any returned diamond(s) that does not match these documents
will be either returned or delivery refused. |
| b. The diamond
must have been returned in its original condition. |
| c. The diamond
must not have been worn, mounted, or altered in any
manner. |
| d. The
10-day
re-shipping time limitation must have been adhered to; delays in
actual shipping time to receipt by WCM's diamond brokers
are considered out of the client's control. |
8. Virginia residents must be invoiced for the
5.0% Virginia
Sales
Tax.
9. WCM
will accept previously purchased WCM Fancy Colored Diamonds on a
consignment basis to pursue a resale based upon the client's
stated residual price. A flat fee of 5% will be charged for this best efforts/
consignment sales service. Clients are herein acknowledging that Fancy Colored
Diamonds are considered a long-term investment of a minimum from 5
to 10 years, and that offering prices from members of the diamond
trade are usually at wholesale prices, not jeweler's retail or
appraised value.
10. All asset markets can be volatile in nature, and fancy
colored diamonds can experience adverse market conditions from
time to time that would make resale difficult and/or
time-consuming. Wexford Capital Management can not guarantee
that the past performance of the Fancy Colored Diamond market will
continue into the future, and that a fancy colored diamond
purchased from WCM will provide a net gain on resale. It is
assumed between client and WCM that many of the purchased diamonds
will be acquired for aesthetic, jewelry, estate, or collectible purposes, and
not merely for investment purposes.
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