Definitive Diamond Business Credit Policy for Safe & Trusted B2B Diamond Trade

Clear Credit Terms Built on Trust & Transparency

At Ocean Star Diamonds, our diamond business credit policy is designed to support reliable retailers while protecting both parties from financial risk. This policy clearly explains how credit eligibility, limits, and B2B payment terms for diamond purchases are evaluated.

The goal of this policy is to maintain fair diamond trade practices, responsible credit management, and long-term partnerships built on trust, consistency, and timely payments.

Purpose of This Diamond Business Credit Policy

  • This credit policy for diamond retailers explains how credit facilities are offered, evaluated, and managed by Ocean Star Diamonds Company.
  • The purpose of this policy is to maintain strong business relationships while protecting both the Company and the retailer from financial risk.
  • This policy applies to retailers, traders, designers, and distributors making B2B purchases from the Company.
Diamond business credit policy outlining payment terms and credit conditions for diamond traders

Eligibility for Diamond Business Credit

Credit is not automatically granted. It is offered only to retailers who meet all the following conditions:

1

Minimum 3 completed and successful transactions

– Orders must be received, inspected, and fully paid on time.

2

Proper verification (Retailer must provide)

– GST certificate

– Store address

– Owner’s ID proof

– Business card / digital profile

– Registered WhatsApp number

3

Minimum 3 completed and successful transactions

Retailers must demonstrate regular purchase activity.

Credit is not available for:

New buyers, First-time orders, Fancy color stones, Large single stones (above 2 ct) unless highly trusted

Diamond Credit Duration & Payment Timeline

Under this Diamond Business Credit Policy, the maximum credit duration is limited to 15 days only.

The maximum credit duration is:

  • Up to 15 days only
  • No exceptions beyond 15 days unless formally approved in writing.

Diamond Business Credit Limit Criteria

Credit terms are strictly enforced and are calculated from the Date of Invoice.

Credit limit depends on:

  • Average monthly purchase volume
  • Timely payment history
  • Relationship duration
  • Type of products ordered
  • Risk category of the retailer

Typical limits:

  • New credit-eligible retailers: ₹25,000 – ₹1,00,000
  • Established retailers: ₹1,00,000 – ₹5,00,000+
  • Final limit is at the discretion of the Company.

Accepted Payment Methods for Diamond Trade

Following payment modes are accepted:

  • UPI
  • Bank Transfer (NEFT/RTGS/IMPS)
  • Debit/Credit Cards
  • Cash (as per legal limits)
  • PDC (Post-Dated Cheque) – only if eligible

Post-Dated Cheque (PDC) Rules for Diamond Credit

PDC is a privilege, not a right. Allowed only when:

  • Minimum 3 successful orders completed
  • Retailer has no pending disputes
  • Retailer has verified business history
  • Maximum 15-day cheque date

Cheque Bounce Consequences:

If a cheque bounces:

– All credit facilities are immediately stopped

– Buyer must make same-day full payment

– All legal/action charges are payable by the Buyer

– Future orders become 100% advance only

Retailer Responsibilities Under Diamond Credit Policy

Retailer must:

  • Make payments on or before the due date
  • Maintain proper communication
  • Not overextend or delay
  • Inform the Company if a client delays payment
  • Not resell on credit longer than they receive
  • Retailer is fully responsible for collecting payment from their own customers.

Company Rights in Diamond Business Credit Decisions

Ocean Star Diamonds reserves the right to:

  • Decline credit to any retailer
  • Modify credit limit
  • Pull back credit facility without notice
  • Demand full prepayment if risk is detected
  • Report fraudulent buyers

These rights are exercised to maintain fair and safe trade.

Dispute Resolution & Legal Jurisdiction

Any privacy-related disputes will be resolved under the jurisdiction of:

Contact for Diamond Credit Policy Queries

For any queries related to this diamond business credit policy, contact:

  • Ocean Star Diamonds
  • 3, Savani Ind. Soc., Kohinoor Road, Mini Bazaar,
     Surat – 395006
  • Website: ocsdiamond.com
  • Sales: +91-9510640173
  • Accounts: +91-8200524191
  • Email: info@ocsdiamond.com

Diamond Business Credit Policy FAQs

No. Credit is not available for new or first-time buyers. Retailers become eligible only after completing a minimum of three successful transactions with timely full payments.

The maximum credit period allowed is up to 15 days from the invoice date. No extensions are granted unless formally approved in writing by the Company.

All credit facilities are immediately suspended. The buyer must clear the full outstanding amount on the same day, and all future orders will be accepted on advance payment only.