
Supply Terms
Supply of Goods Terms & Conditions
The Diamond District LTD ("Supplier", "we", "us", "our")
Effective Date: [Insert Date]
1. Interpretation / Definitions
1.1 - In these Terms:
Business Day means a day (other than a Saturday, Sunday, or public holiday) in England.
Buyer means any business or company purchasing Goods from us.
Goods means diamonds, gemstones, jewellery or any other items supplied by The Diamond District LTD under a Contract, as more particularly described in each Order.
Specification means the detailed description or specification of the Goods (including carat weight, cut, clarity, colour, certificate, origin, finish, etc.) agreed in writing by the parties.
Order means a request by the Buyer to purchase Goods from us, in a form acceptable to us, including by email, platform-facing order form, or other written means.
Contract means a legally binding contract for the purchase of Goods, entered into when we accept the Buyer's Order.
Force Majeure Event means an event beyond our reasonable control (e.g., natural disaster, strike, import/export restrictions, government actions, transport disruption).
Confidential Information means any commercial, financial, technical, or other business information disclosed by either party to the other in connection with these Terms.
1.2 - A reference to a "party" includes its successors and permitted assigns.
1.3 - A reference to "writing" or "written" includes email.
2. Status of Terms
2.1 - These Terms apply to and govern all Orders submitted by the Buyer and the supply of Goods by us to the Buyer, unless otherwise agreed in writing.
2.2 - By submitting an Order, the Buyer confirms that it has read, understood, and agrees to these Terms.
3. Orders, Acceptance & Specification
3.1 - All Orders are subject to our acceptance in writing. We may, at our discretion, reject any Order.
3.2 - A Contract is formed when we send a written Order confirmation (or acknowledgment) to the Buyer.
3.3 - The Specification of the Goods must be agreed in writing by both parties. Any changes to the Specification must also be agreed in writing.
3.4 - Illustrations, images, or descriptions of Goods (e.g., in catalogues or online) are for reference only and do not form part of the Contract unless incorporated into the Specification.
4. Price and Payment
4.1 - Prices are quoted in GBP (£) unless otherwise expressly agreed in writing.
4.2 - We will issue an invoice in accordance with the agreed price and any other applicable charges (e.g., shipping or certification).
4.3 - Unless otherwise agreed in writing, payment must be made in full in cleared funds before we dispatch the Goods. We do not grant credit terms "by default" — any credit facility must be separately agreed in writing.
4.4 - The Buyer must provide all required business, regulatory, or "know your business" documentation (e.g., KYC, AML documentation) prior to first Order, and maintain its accuracy.
4.5 - Title in the Goods remains with us until we receive full payment of the invoice(s) associated with the Goods.
5. Delivery, Risk & Title
5.1 - We will arrange for delivery of the Goods to the address specified by the Buyer (or other agreed location).
5.2 - Risk in the Goods passes to the Buyer on dispatch from our premises, or as otherwise agreed. The Buyer is responsible for insuring the Goods from that point.
5.3 - Title in the Goods passes to the Buyer only when full payment has been received by us. Until then:
The Goods remain our property.
The Buyer must store the Goods separately, clearly identified as belonging to us.
If the Buyer fails to pay, we reserve the right to require the return of the Goods, at the Buyer's cost.
5.4 - If Goods are delivered in instalments, each instalment is treated as a separate Contract. A delay or defect in one instalment does not entitle cancellation of the whole Contract (unless we agree otherwise).
6. Inspections and Claims
6.1 - The Buyer shall inspect the Goods on delivery (or collection) and notify us in writing within 7 days of any defect, shortfall, or non-conformity with the Specification.
6.2 - If the Buyer fails to notify us within this period, the Goods shall be deemed accepted.
6.3 - If a valid claim is made, we may (at our discretion) either:
replace or repair the defective Goods; or
refund (in full or in part) the price paid for the affected Goods.
7. Quality, Warranties & Conformity
7.1 - We warrant that, on delivery, the Goods shall materially conform to the Specification.
7.2 - We do not warrant that any certificate or third-party grading report is accurate beyond the scope of what is included in that certificate — we provide certification where available, but do not guarantee the lab report's interpretations.
7.3 - We disclaim all other warranties, whether express or implied (including statutory or common law), except as specifically set out in these Terms, to the maximum extent permitted by law.
7.4 - Our warranty does not apply in the following cases:
misuse, negligent handling, improper storage, or alteration by the Buyer;
fair wear and tear;
any modification or repair not performed by us or by an authorised party.
8. Compliance, Ethics & Legal Requirements
8.1 - The Buyer undertakes to comply with all relevant laws, regulations, and industry standards in respect of:
anti-money laundering ("AML").
conflict-free sourcing (e.g., Kimberley Process, if applicable).
import/export compliance.
ethical sourcing, human rights, and modern slavery legislation.
8.2 - The Buyer warrants that it maintains adequate internal controls and policies for due diligence (e.g., KYC, supplier audits) to ensure such compliance.
8.3 - The Buyer shall not use or resell the Goods for any unlawful purpose.
9. Limitation of Liability
9.1 - Our liability (whether in contract, tort, or otherwise) in respect of any claim arising out of or in connection with the Goods shall not exceed the purchase price paid for the Goods in question.
9.2 - We shall not be liable for any:
indirect, special or consequential loss (including loss of profit, business, or reputation);
loss arising from the Buyer's breach of its own obligations (e.g., storage, handling).
9.3 - Nothing in these Terms limits our liability for:
death or personal injury resulting from our negligence.
fraud or fraudulent misrepresentation.
any statutory liability that cannot be excluded under applicable law.
10. Force Majeure
10.1 - We shall not be liable for any delay or failure in performance under these Terms caused by a Force Majeure Event.
10.2 - If a Force Majeure Event persists for more than 2 months, either party may terminate the Contract on 30 days' written notice without further liability (except for obligations accrued up to the date of termination).
11. Confidentiality
11.1 - Each party agrees to keep confidential any Confidential Information disclosed under or in connection with these Terms.
11.2 - Confidential Information may only be used to perform obligations under the Contract, and may only be disclosed to employees or professional advisers who need to know, provided they are bound by similar confidentiality obligations.
11.3 - These obligations shall survive termination or expiry of the Contract.
12. Termination
12.1 - We may terminate the Contract immediately by written notice if:
the Buyer fails to make payment in full when due;
the Buyer materially breaches any of its obligations under these Terms and fails to remedy the breach within 30 days of receiving written notice;
the Buyer becomes insolvent, enters administration, liquidation, or similar procedure, or is otherwise unable to pay its debts.
12.2 - On termination, the Buyer must promptly pay all outstanding sums, and (if required) return any Goods over which title has not yet passed, at its own cost.
13. Notices
13.1 - Any formal notice under these Terms shall be given in writing by email, or by recorded delivery to the registered office of the recipient.
13.2 - Notices are deemed delivered:
if by email: on the next Business Day after sending;
if by recorded delivery: on the second Business Day after posting.
14. Assignment
14.1 - We may assign, novate, or subcontract any of our rights or obligations under these Terms to a related entity or third party without the Buyer's consent.
14.2 - The Buyer may not assign or transfer its rights or obligations under these Terms without our prior written consent.
15. Entire Agreement
15.1 - These Terms (together with any Specification, Order, or other documents referenced herein) constitute the entire agreement between the parties concerning the supply of Goods and supersede all prior agreements, understandings, negotiations, or representations.
15.2 - The Buyer acknowledges that it does not rely on any representation except as expressly provided in the Contract.
16. Severance
If any provision of these Terms is held to be unenforceable or invalid, that provision shall be severed and the remainder of the Terms shall continue in full force.
17. Relationship
Nothing in these Terms creates a partnership, joint venture, or agency relationship between the parties.
18. Third‑Party Rights
No person other than the parties to the Contract shall have any rights to enforce any of its terms, except for our group companies (if we expressly state so).
19. Governing Law & Jurisdiction
19.1 - These Terms and any Contract to which they apply shall be governed by and construed in accordance with the laws of England and Wales.
19.2 - The parties agree that the courts of England and Wales shall have exclusive jurisdiction to settle any dispute arising out of or in connection with these Terms, unless otherwise agreed in writing.
20. Amendments
We may amend these Terms from time to time. We will notify the Buyer of any material changes in writing at least 30 days before those changes take effect. Continued placing of Orders by the Buyer after the changes take effect constitutes acceptance of the amended Terms.
21. Contact Details
Company: The Diamond District LTD
Email: [Insert Email]
Phone: [Insert Phone Number]
Address: [Insert Address]