IBTN Buyer Guidelines for Gold & Diamonds

 

 

1. Understanding Our Products

  • Gold: We offer gold of +92% purity, including investment-grade bars (minimum 22 karats) and 18-karat gold for jewelry.

  • Diamonds: We provide rough, uncut diamonds sourced from ethical suppliers.

2. Eligibility to Purchase

  • Buyers must be legally eligible to purchase and trade gold and diamonds in their respective jurisdictions.

  • Corporate buyers must provide company registration details and relevant trade licenses.

3. Initial Inquiry and Verification

  • Interested buyers must submit an official Letter of Intent (LOI) detailing their purchase requirements.

  • Buyers must undergo a Know Your Customer (KYC) verification process, providing identification and proof of funds.

4. Pricing and Payment Terms

  • Prices are based on current market rates, determined by the London Bullion Market Association (LBMA) and international diamond trading benchmarks.

  • Before the first sale, buyers must provide a bank guarantee, which may include LC (Letter of Credit), DLC (Documentary Letter of Credit), BG (Bank Guarantee) or Documentary Credit Bank International.

  • Payment is accepted via bank transfer (SWIFT/TT), escrow, or other mutually agreed secure methods.

  • No cash payments or cryptocurrency transactions are accepted.

5. Inspection and Certification

  • Gold and diamonds are accompanied by relevant certification from recognized assay and gemological laboratories.

  • Buyers can request third-party verification before finalizing the purchase.

  • Inspections are conducted at designated secure locations.

6. Logistics and Delivery

  • Shipping is arranged through secure, insured logistics providers.

  • Buyers are responsible for any import duties, taxes, and customs clearance procedures in their respective countries.

7. Risk Management and Compliance

  • IBTN ensures compliance with international anti-money laundering (AML) and conflict-free trade regulations.

  • Buyers are advised to familiarize themselves with relevant import/export restrictions.

8. Dispute Resolution

  • Any disputes will be resolved through arbitration under internationally recognized trade laws.

  • Buyers are encouraged to seek independent legal and financial advice before entering into transactions.

9. Protection Guidelines for Intermediaries

  • Intermediaries must ensure that they formalize their agreements with the buyers they represent.

  • A separate document must be drafted between the intermediary and the buyer, clearly specifying the details of the sale and the agreed commission or earnings to protect their interests.

  • This document should outline the scope of services, the specific transaction it relates to, and the percentage or fixed amount to be earned.

  • IBTN always honors the agreed commissions. However, if intermediaries are not listed in the final documents and there is no binding contract between the buyer and the intermediaries, IBTN cannot be held responsible for ensuring these commissions. We advise intermediaries to take legal precautions to prevent being bypassed.

For further inquiries, please contact IBTN’s sales team at mandate@ibtn.pro .