Guangzhou Diamond Exchange decides to hold a Rough Diamond Tender on November 20-November 24, 2018. You are sincerely invited to register to view the goods and to participate the bid on line. Relevant matters are hereby announced as follows:
Name of Object
Round Diamond
Exhibition
20-24 Nov., 2018
Place of
Origin
Central African Republic
Lot No.
Weight
（ct）
Description of goods
GZDE1101
137.12
Average 3.12ct.
G to J,VS to SI
GZDE1102
9.55
Average 1.59ct.
Fancy Yellow,VS2
GZDE1103
148.99
Average 0.999ct.
D to K,VVS to SI2
GZDE1104
161.07
Average 0.994ct.
Mix Saw-able,VS2 to SI1
GZDE1105
78.55
Average 0.116ct.
G to M,VS2 - SI
GZDE1106
346.73
Average 0.378ct.
D to K,VS1 to SI2
GZDE1107
404.73
Average 0.397ct.
Mix Brown
GZDE1108
124.56
Average 0.106ct.
Mix Brown
Attachment
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The Bidding Rules for Rough Diamonds
Regulations for the rough diamond bidding transactions, Guangzhou Diamond Exchange Limited Liability Corporations (GZDE) conducts trading activities based on the principle of fairness, equity and good faith, issues clear bidding process specifications, and safeguards the legitimate rights and interests of participants. These rules are hereby formulated.
Place of Goods Inspection
Hong Kong
Time of Goods Inspection
November 20-November 24 10:00-17:00
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Form of Bidding
1.To conduct this Trading Activity, the Consignor entrusts GZDE to organize a consignment sale bidding, US dollar is the bidding currency.
2. This Trading Activity will use a “sealed bid” tender process. The final winner is determined through a “Highest bid price” including a “Bidding Time Priority” principle. Each bidder can bid more than once during the bidding period and the highest price is the valid bid.
3.The mobile bidding system on each bidder’s mobile phone will only show information related to the individual bidder, and public information relative to the organization of the bidding process.
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Registration Requirements of Participating Companies
1. The bidder shall be a corporate company or institution.
2. The bidder must sign the Bidding Commitment Letter by legal representative or his/her authorized representative before participating in the bidding. According to the stipulations of the Bidding Commitment Letter, the bidder pay the security deposit to the designated account of GZDE. The security deposit is US$1,000 (Say US Dollars ONE THOUSAND ONLY) or ￥5,000 (Say RMB FIVE THOUSAND ONLY). Comprehensive Trading Members of GZDE and the bidders designated by the Consignor or GZDE are exempted from making security deposit in this Trading Activity.
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Viewing and Bidding
1.Viewers designated by bidders shall register his/her individual identity and company details, present the originals of his/her own ID card/passport and business card, before being allowed for the viewing of the goods.
2. The List of Parcels will be shared at the viewing venue. The description of the goods as well as eventual price indications are opinions for reference only and do not constitute any guaranteed value. The organizers do not assume any responsibility for the quality or defects of the goods presented for bidding.
goods.
3. The subject parcels of the tender are subject to the “as is” object. Before the bid, the bidders should view and investigate the subjects in person, understand the current status of the subject parcels and know how the goods are delivered or handled, and fully understand the value of the subject parcels and all the flaws and disputes that exist.
4. If the parcels will be presented under bonded goods” regulation. The bidder must comply with the regulation of GZDE and the Customs of the People’s Republic of China on the supervision and the transfer of bonded goods and handle the goods accordingly.
5. After the viewing, the bidder need to enter and submit the bid price in the corresponding field(s) on the mobile bidding platform. Any bid received after the deadline will be regarded as invalid.
6. By submitting a bid the bidder will have no recourse relative to the representation and quality of the goods presented.
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Announcement of the Outcome of the Bidding
1. The winning bid or bids are announced, jointly and under the supervision of the representatives of both the GZDE and the Consignor. If the same price is given for the same subject parcel, the bidder who first submitted his/her bid wins.
After the bidding period is closed and the winning bid prices and their winners are determined, the identity of the winning party will not be disclosed and will remain confidential. The winning bidder and the bidders who offer the bid higher than 85% of the transaction price will be informed of the identified transaction price.
2.GZDE will contact the winning bidder(s) of the bidding results, through the authorized valid telephone number and email address mentioned in the Bidding Commitment Letter, with the Letter of Acceptance . The said three parties confirm the information of the subject parcel(s) and sign the Dealing Slip of Diamonds on site designated by GZDE. If the winning bidder is not able to participate on site designated by GZDE, GZDE will send the colored scanned copy of the Dealing Slip of Diamonds to the winning bidder’s designated email address, which is to be signed and sealed by the Consignor. After the said bidder’s authorized representative signs and seals, the electronic document of the colored scanned Dealing Slip of Diamonds should be sent to GZDE official email address trading@cngzde.com. The said Dealing Slip of Diamonds shall be regarded as effectively signed together by GZDE, Consignor and the winning bidder.
3. The winning bidder will solely bear the fees occurred to ensure the delivery of the goods, such as Customs declaration fee, logistics insurance fee, etc., and shall pay the full transaction payment and the necessary handling fees within 3 (THREE) working days of receiving the Letter of Acceptance to the account designated in accordance with the stipulations in the signed the Bidding Commitment Letter.
4. Should the bidder who wins the bid fail to complete the transaction payment as required, GZDE have rights to take the measures including but not limited to: confiscating the security deposit adding investigation on any incurred financial damages of the organizer and the consignor, canceling the transaction and the relevant contracts, adding the bidder to the list of bad creditors, and sharing this list with the industry organizations, in order to maintain the fairness and ethical conduct governing transactions.
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Notice and Rules for the Bidding
1. Bidders are requested to carefully read the Bidding Commitment Letter and check the List of Parcels, as well as familiarize themselves with the bidding rules. The bidders bear full responsibility for their bids.
2. The bidder must comply with the GZDE on-site arrangement and rules at the trading venue during the viewing of the parcels. The bidder is advised that video monitoring will be active within the viewing premises and during the whole viewing process. Any bidder found to be in violation of the rules will be immediately disqualified from further participation in the viewing and bidding process. Any damage to and or loss of goods presented attributable to the bidding party will be having to be compensated by the same party to the owner of the goods. GZDE will hold the right of exercising punitive damages (legal and/or financial) on the bidder.
3.The bidders will ensure that the installation and use of the bidding system on their mobile phones will operate smoothly. If there is any interruption occurring within the online bidding system of the GZDE which resulted in denying the bidders to log into the system or bid, the bidder shall inform GZDE as soon as possible, and continue the online bidding once the issue is resolved.
4. In case of “force majeur” interrupting the bidding process before the agreed deadline, GZDE and the Consignor reserve the right to make an interim decision on the winning bid or bids, and the interim decision has the same legal force as this rule.
5. These “bidding rules” are written in both Chinese and English. In case of any contradiction between the two versions, the Chinese version shall prevail.
6. The final interpretation of these rules rests with GZDE.
Contact Information
Contact Persons：Ms. Ma
Tel： 86-15728812002
E-mail：maruiyan@cngzde.com
Contact Persons：Mr. Liu
Tel：86-13602284101
E-mail：liuxiaojun@cngzde.com
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Guangzhou Diamond Exchange
Add: Building B2, Shawan Jewelry Industrial Park, 999 Fulong Road, Panyu District, Guangzhou, Guangdong Province 511400, China
Tel:+86-20-3902 2682
E-mail: info@cngzde.com
Website: www.cngzde.com
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