Terms & Conditions
Effective Date: 18.06.2025
1. Introduction and Acceptance
These Terms & Conditions (“Terms”) constitute a legally binding agreement between you and Azar Wealth DMCC (“Azar Wealth”, “we”, “us”, “our”). By accessing our website, making inquiries, or engaging in any transaction with us, you acknowledge that you have read, understood, and agree to be bound by these Terms, our Disclaimer, and Privacy Policy.
IF YOU DO NOT AGREE TO THESE TERMS, DO NOT USE OUR WEBSITE OR SERVICES.
2. Definitions and Product Nature
2.1 “Investment Grade Diamonds” refers solely to our internal quality assessment criteria. This term is not a standardized industry classification, does not imply suitability for investment purposes, and is not endorsed by any regulatory body.
2.2 Products: We sell GIA-certified natural diamonds as physical, tangible luxury goods. These are not financial instruments or securities, regulated investment products, digital assets or tokens, units in collective investment schemes, or assets with guaranteed liquidity or resale markets.
3. Eligibility and Capacity
3.1 You must be at least 18 years old and have full legal capacity to enter binding contracts in your jurisdiction.
3.2 You represent and warrant that you are not prohibited from purchasing diamonds under any applicable laws, that all funds used are from legitimate sources, that you are not on any sanctions or prohibited persons lists, and that you will comply with all applicable laws regarding diamond ownership, import, and export.
4. Disclaimer and Risk Acknowledgment
4.1 NO INVESTMENT ADVICE: We are not registered investment advisers, broker-dealers, or financial services providers. Nothing on our website or in our communications constitutes investment, financial, legal, or tax advice.
4.2 RISKS: You acknowledge that diamond purchases carry substantial risks including complete loss of value, no guaranteed liquidity or resale market, ongoing storage, insurance, and maintenance costs, market volatility and subjective valuations, regulatory changes affecting ownership or trade, and currency exchange risks.
4.3 PROFESSIONAL ADVICE REQUIRED: You must consult independent professionals including financial advisors, tax consultants, and legal counsel before any purchase.
5. Orders, Pricing, and Payment
5.1 Quotations: All inquiries constitute requests for quotation only. Quotes are valid for 48 hours unless otherwise specified.
5.2 Contract Formation: A binding contract exists only when you accept our formal written quote, we receive full cleared payment, and we issue written order confirmation.
5.3 Pricing: Prices are in USD, EUR, or AED as specified and subject to change until order confirmation. Prices exclude shipping, insurance, duties, and taxes unless explicitly included.
5.4 Payment Methods: We accept bank wire transfers, cryptocurrency payments subject to additional KYC requirements and three network confirmations, and other methods as agreed in writing.
5.5 RESERVATION OF RIGHTS: We reserve absolute discretion to accept or reject any order for any reason, including AML/KYC concerns.
6. Anti-Money Laundering and Compliance
6.1 All transactions are subject to our AML/KYC procedures. You must provide all requested documentation promptly.
6.2 We reserve the right to refuse any transaction, require additional verification, report suspicious activities to authorities, and freeze or cancel transactions pending compliance review.
6.3 You warrant that all funds are from legitimate sources and not proceeds of crime.
7. Delivery, Title, and Risk
7.1 Risk Transfer: Risk of loss passes to you upon delivery to our designated carrier, regardless of shipping terms.
7.2 Insurance: We provide insurance up to invoiced value during transit. You are responsible for insurance thereafter.
7.3 Customs and Import: You are solely responsible for obtaining import permits and ensuring compliance, paying all customs duties and taxes, complying with local laws, and making any required declarations.
8. Inspection, Returns, and Disputes
8.1 FINAL SALE: All sales are FINAL. No returns, refunds, exchanges, or cancellations once order is confirmed.
8.2 Limited Exceptions: Claims may be considered ONLY for material deviation from specifications, which must be reported within 72 hours of delivery, or counterfeit products, subject to independent verification.
8.3 Inspection Period: You have 72 hours from delivery to inspect and report any issues in writing with supporting evidence.
9. Warranties and Disclaimers
9.1 NO WARRANTIES: ALL PRODUCTS AND SERVICES ARE PROVIDED “AS IS” WITHOUT ANY WARRANTIES, EXPRESS OR IMPLIED, INCLUDING WARRANTIES OF MERCHANTABILITY, FITNESS FOR PARTICULAR PURPOSE, FUTURE VALUE OR APPRECIATION, AND RESALEABILITY OR LIQUIDITY.
9.2 CERTIFICATION RELIANCE: While we provide GIA certificates, we make no independent warranties regarding specifications. You may obtain independent appraisal at your cost.
10. Limitation of Liability
10.1 MAXIMUM LIABILITY: Our total liability for any claim shall not exceed the amount you paid for the specific diamond at issue.
10.2 EXCLUDED DAMAGES: We are not liable for indirect, consequential, or punitive damages, lost profits or opportunities, market value changes, or third-party claims.
10.3 TIME LIMITATION: Any claim must be brought within ONE (1) YEAR of the transaction date.
11. Indemnification
You agree to indemnify, defend, and hold harmless Azar Wealth DMCC, its officers, directors, employees, and agents from all claims, damages, losses, and expenses (including legal fees) arising from your use of our website or services, your violation of these Terms, your violation of any laws, third-party claims related to your purchases, or your negligence or willful misconduct.
12. Intellectual Property
12.1 All content, trademarks, and materials on our website are our exclusive property.
12.2 You may not copy, reproduce, modify, or distribute any content without written permission.
12.3 You grant us a license to use any feedback or suggestions you provide.
13. Privacy and Data Protection
13.1 Our Privacy Policy governs data collection and use.
13.2 You consent to data processing for transaction purposes, including sharing with logistics and compliance partners.
13.3 We comply with applicable data protection laws including GDPR where applicable.
14. Force Majeure
We are not liable for delays or failures due to causes beyond our control, including natural disasters, war, terrorism, government actions or sanctions, market closures or disruptions, pandemic or health emergencies, and labor disputes or material shortages.
15. Dispute Resolution
15.1 MANDATORY ARBITRATION: All disputes shall be resolved through binding arbitration under DIAC (Dubai International Arbitration Centre) rules.
15.2 WAIVER OF JURY TRIAL: You waive any right to jury trial.
15.3 NO CLASS ACTIONS: You waive any right to class action proceedings.
15.4 VENUE: Arbitration shall occur in Dubai, UAE.
16. Governing Law
These Terms are governed by the laws of the United Arab Emirates and the Dubai Multi Commodities Centre (DMCC), without regard to conflict of law principles.
17. Severability
If any provision is deemed invalid or unenforceable, remaining provisions continue in full force.
18. Entire Agreement
These Terms, our Disclaimer, and Privacy Policy constitute the entire agreement between us, superseding all prior agreements or understandings.
19. Modifications
We may modify these Terms at any time. Continued use after changes constitutes acceptance. Check this page regularly for updates.
20. Contact Information
For questions about these Terms:
Azar Wealth DMCC
Jewellery & Gemplex 3
Dubai Multi Commodities Centre (DMCC)
Dubai, UAE
21. Special Notices
All diamonds comply with CITES regulations where applicable and meet Kimberley Process requirements. We do not transact with sanctioned individuals or entities. Tax obligations vary by jurisdiction, and you should consult your tax advisor regarding applicable taxes.
BY USING OUR WEBSITE OR SERVICES, YOU ACKNOWLEDGE THAT YOU HAVE READ, UNDERSTOOD, AND AGREE TO BE BOUND BY THESE TERMS.