Diamond Tree

 

Features

  • The scheme is applicable for the purchase of Diamond Jewellery / Gemstone Studded Jewellery
  • Customers would be required to deposit Rs.1000/- (or multiples thereof) every month for a period of 12 months.
  • The scheme can be started on any day of the month.
  • At the end of 12 months, the scheme will mature. On maturity, the customer can purchase any gemstone studded jewellery or diamond jewellery of value greater than the total of 13 installments. On maturity, we shall give the 13th installment in the form of discount equal to single installmentamount of the scheme.
  • Customer will be given a Card which will bear the record of payments made by him/her which will be updated every month.
  • Any member wishing to terminate the Membership may do so by asking for a refund.

 

Diamond Tree Scheme – Terms and Conditions

  1. The scheme is applicable for the purchase of Diamond Jewellery / Diamond/Studded Jewellery only. Gold ornaments, gold coins, wali etc. are not covered under scheme.
  2. Customers would be required to deposit Rs.1000 /- (or multiple thereof) every month for a period of 12 months.
  3. The scheme can be started on any day of the month. Further advances should be paid on or before the same date of subsequent months. In case of delay in payment of an installment, the due date of the scheme will be extended correspondingly.
  4. The customer can purchase Jewellery against the installments at the end of 12 months from the start of the scheme or the extended date (in case of delayed payments) whichever is later.
  5. A member would not be entitled for any benefits under the scheme till he/she makes good the default up to date by making necessary payments for delayed “Advances”.
  6. The deposits are to be made by cheque or credit card. In case of payment by credit card, the card charges will be collected extra.
  7. In case of dishonour of cheque the said “Advance” would be treated as unpaid and the customer will have to bear the back charges – thereby attracting provisions of default in “Advance” as stated elsewhere in this note.
  8. At the end of 12 months, the scheme will mature. On maturity, the customer can purchase any gemstone studded jewellery or diamond jewellery of value greater than the total of 13 installments. On maturity, we shall give the 13th installment in the form of discount equal to single installment amount of the scheme. For example: A customer who starts the scheme with Rs 1000/- monthly advance, would be able to purchase jewellery worth Rs.13,000/- against the payment of Rs.12,000/- made by him/her.
  9. Customer will be given a Card which will bear the record of payments made by him/her which will be updated every month when the payment are made. A replica of the card – Membership Record will be maintained by us in the shop which will be updated simultaneously.
  10. The “Membership Record” maintained at the shop which will bear the signature of the customer as well a manager of the shop will be the conclusive documentary record for the purpose of operation of the scheme.
  11. Any member wishing to terminate the Membership may do so by asking for a refund. While refunding the money there will be deduction of 5% (of money deposited) towards administrative cost. There will also be deduction for benefit already availed under the scheme (by way of various discounts that may be offered from time to time to the members). The said member would not be entitled for any future benefits (including one additional installment at the end of scheme period to be contributed by us).The refund amount shall be paid by account payee cheque only.
  12. The management will have the right to terminate the scheme at any time, without giving any reason by refunding the money collected under the scheme.