Investment GIA Diamond Auction

GUARANTEE Bid Global International Auctioneers offers a 100% money-back guarantee on all our diamonds if the diamond you purchase is not as described. A. All our diamonds come with GIA graded certificates that correspond to the diamond you purchase. B. All our diamonds have GIA laser inscriptions on the girdle of the diamond that correspond to the GIA graded certificate and verify the authenticity of the diamond. TERMS 1. All items are sold as-is, with all faults. All Sales are Final - unless the item is not as described. All items are available for inquiries prior to bidding. Written and oral descriptions are the opinions of BGIA. BGIA believes to the best of its knowledge that the information presented in any auction has come from reliable sources. However, such information is presented solely for the convenience of the prospective purchasers. BGIA attempts to catalog every lot correctly and will attempt to point out any defects but will not be responsible or liable for the correctness of the catalog or other descriptions of the lot. It is the responsibility of prospective bidders to examine all items in which they have an interest. By placing a bid, in any capacity, you signify that you have examined the items as fully as you desire and have had the opportunity to ask questions and receive answers from BGIA that you deem adequate. If you require absolute certainty in all areas of authenticity, and the results of your evaluation leave uncertainty in your mind, do not bid on the lot in question. All pictures of loose diamonds displayed are generic, bidders should always refer to the respective certification for clearer details of the diamonds. 2. Neither BGIA nor the consignor, as applicable, make any warranties or representations of any kind or nature with respect to property or its value, and in no event shall be responsible for the correctness of description, genuineness, attribution, provenance, authenticity, authorship, and completeness, condition of property or estimate of value. Any appraisals, Estimates (as defined herein), or evaluations provided are solely for the convenience of the bidder and BGIA makes no warranties of any kind relating to them. Appraisals may include valuations that reflect the full, highest retail price of the item in a specific geographic region. The terms Estimate or Estimated Value (collectively "Estimate") as used herein may be an arbitrary value and may fail to represent an actual resale value, insurance replacement value, or cost of a similar good. Similarly, no appraisal value should be considered to represent the actual resale value, insurance replacement value, or cost of a similar good. No statement (oral or written) shall be deemed such a warranty or representation, or any assumption of responsibility. In no circumstance will a vastly different appraisal or estimate of any third-party given on behalf of a purchaser in a BGIA auction be grounds for a return, cancellation, or refund. 3. In no event shall BGIA's liability for any breach, or act or omission exceed the Purchase Price (as defined herein) actually paid by the buyer, and in no event shall BGIA have any liability under any circumstances for special, indirect, incidental or consequential damages (including for loss of profits or revenue, costs of obtaining alternative property, claims of customers of buyer or otherwise), whether in contract, tort, negligence, strict liability, or otherwise, arising out of, resulting from or in any way relating to the lot or its purchase, sale, delivery or non-delivery, or the acts or omissions of BGIA. 4. The successful bidder is the highest bidder acknowledged by BGIA. In the event of any dispute between bidders, or in the event of doubt on BGIA's part as to the validity of any bid, the BGIA will have the final discretion either to determine the successful bidder or to re-offer and resell the article in dispute. If any dispute arises after the sale, BGIA's sale record is conclusive. While BGIA makes every effort to guarantee accuracy, in the event of a mistake on the part of the auctioneer, and a lot is accidentally declared sold by mistake of the auctioneer, BGIA reserves the right to cancel the sale and relist the lot in its sole discretion. Bids may be received by BGIA through the internet, telephone, facsimile, or e-mail. Bidding through a telephone, facsimile, or e-mail are only available to pre-qualified dealers or resellers. 5. The bidder assumes full responsibility for items at the fall of the hammer (or expiration of time in an online auction). A bid entered by mistake on the part of a bidder is NOT grounds for a cancellation of the bid. Each bidder is responsible for his or her own account and bids. By allowing access to another who enters a bid without your knowledge will NOT be grounds for a rescission of the bid(s). Therefore, any bid made on your account will bind you to the bid in accordance with these terms. If an entity places a bid on a lot, then the person executing such bid on behalf of the entity hereby agrees to personally guarantee payment for any successful bid. 6. All bids are subject to (i) a buyer's premium which shall be added to a successfully placed bid upon sale of each lot, (ii) any applicable local sales tax, and (iii) shipping and handling costs that are more fully described in the section entitled "Shipping and Handling" below (collectively, the "Purchase Price"). For all residents of Arizona or shipments to Arizona, applicable sales tax will be added to your invoice. Any bidder that represents a purchaser is personally and individually responsible for any obligations of the purchaser set forth in these terms and conditions. All purchasers purchasing pursuant to a valid resale license will need to provide appropriate documentation for the removal of state sales tax. Hammer Price & Buyer's Premium is as follows per item(s)/Lot #, not per invoice total: $1 -$200,000 - 18% $200,000- $500,000 - 15.5% $500,000- $800,000 - 13% $800,000 & Above - 11.5% 7. BID INCREMENTS: USD $0 - $500 by $50 USD $500 - $1,000 by $100 USD $1,000 - $5,000 by $250 USD $5,000 - $10,000 by $500 USD $10,000 - $20,000 by $1,000 USD $20,000 - $50,000 by $2,000 USD $50,000 - $100,000 by $5,000 USD $100,000+ by $10,000 8. Bidder's bid at all times represents an irrevocable offer by bidder to enter into a binding contract to purchase the lot in accordance with the specific provisions of the listing and these general terms and conditions, as applicable, even if a higher bid was received by BGIA. In the event that any reserve price of a lot is not exceeded by any bidder's bid, BGIA, in its sole discretion, with or without the knowledge of or notice to any bidder, may reduce any reserve price to an amount below the bid of bidder at any time during an auction and accept the bid made by bidder. Reserve prices are always the confidential information of BGIA and are not disclosed to bidders unless specifically stated as such during bidding. Nothing contained in any listing shall be construed to disclose any reserve price. In the placing of any bid, the bidder understands and agrees that the bid, once accepted by BGIA, will be the winning bid if there is no higher bid by another bidder and if any reserve or reduced reserve on the lot is exceeded by the bid. A