CaratLovers

Plan your jewellery in advance & DIAMONDTREE will contribute in your installments.

CARATLOVERS - A monthly jewellery installment scheme by DIAMONDTREE enables easy purchase of Diamondtree’s distinctive jewellery. Under this scheme, you Pay Less and Buy More because of the CARATLOVERS Privilege.

CARATLOVERS is available for your ease with two options a) 12 Months b) 6 Months. You may choose to go ahead with the scheme that suits your requirement. In this article we will explain both the options available to you.

Diamondtree’s Monthly Jewellery Installment Scheme - 12 Months Delight

Here is an example to explain the benefits of this scheme.


CARATLOVERS Description – 12 Months Delight

Monthly Installment (Rs)

Amount Payable (Rs)

CARATLOVERS Privilege

Jewellery Worth (Rs)

Rs 5,000/-

Rs 55,000/-

Diamondtree will pay full installment of the 12th month

Rs 60,000/-*

CARATLOVERS EDGE

CARATLOVERS Privilege: You contribute to the CARATLOVERS scheme for 11 months through equal monthly installments and DIAMONDTREE will pay full installment of the 12th month.

Luxuriate Yourself: At the time of final purchase DIAMONDTREE also provides you with 10% discount on the MRP of the jewellery purchased.

Weddings in the Family: CARATLOVERS enables youto plan your wedding jewellery purchase in advance with a special contributionfrom DIAMONDTREE.

Notable Occasions: Your special occasions can be made more memorable with the CARATLOVERS scheme. You can plan your Birthday, Mother’s Day and Anniversary surprises in advance.

Design Advantage: With multiple design options, each DIAMONDTREE design displays exceptional craftsmanship and style.

Comfort: You have the comfort of multiple payment modes such as cash*, cheque, credit card, debit card bank transfer and UPI. Conditions Apply*

CARATLOVERS SPECIFICS(For 12 months Scheme)

Description: CARATLOVERS is a monthly jewellery installment scheme where the customer has topay 11 installments and his/her date of maturity would start after 340 days from the date of joining the scheme.

Significance of the Scheme: Enrolling in this scheme signifies an advance for purchase of diamond jewellery at a later date.

Validity: CARATLOVERS allows you to pay 11 fixed monthly installments of a minimum Rs. 2,000 or above (multiples of Rs. 1,000). You pay one installment each month. More than one installment in a single month is not permitted.

Installment Payment: In any event when the customer fails to pay installments for any 2 months continuously, DIAMONDTREE will suspend the scheme and refund only the principal amount paid by the customer into his/her bank account directly without any prior intimation within 7 working days of suspension of scheme.

Redemption: The customer is mandatorily required to redeem his/her account before 365 days from the date of payment of the first installment. No refund is provided in case the item purchased is of lesser value than the redemption amount.

Post Maturity: In case the customer does not redeem within the set tenure, he/she will be refunded only the principal amount paid by him/her without any benefits after the 365th day (within 7 working days) into their registered bank account directly without prior notice.

Category Eligibility: Monthly installments paid under the scheme can be used only against the purchase of diamond jewellery at DIAMONDTREE Store. Gold Jewellery and Gold Coin cannot be purchased against the installments paid under CARATLOVERS.

Documents Required: CARATLOVERS holders are required to provide a copy of his/her government issued Photo ID like Ration Card/ Passport/Aadhar/Driving License/Voter ID & a cancelled cheque/bank details at the time of enrollment. For transactions amounting to Rs. 2,00,000 (two lakh) or above, its mandatory for the customer to provide a copy of Pan Card.

Refund/Premature Closure: Customers are allowed to withdraw the installments they have already paid, at any time before the maturity date by submitting the Foreclosure Form, only up to the amount of principal and in their respective bank accounts only. No discount or any other benefit by way of interest or otherwise would be given.  DIAMONDTREE shall refund the amount within 7 working days from the date of receipt of Foreclosure Form.

Diamondtree’s Monthly Jewellery Installment Scheme - 6 Months Delight

Here is an example to explain the benefits of this scheme.


CARATLOVERS Description – 6 Months Delight

Monthly Installment (Rs)

Amount Payable (Rs)

CARATLOVERS Privilege

Jewellery Worth (Rs)

Rs 5,000/-

Rs 27,500/-

Diamondtree will pay half installment of the 6th month

Rs 30,000/-*

CARATLOVERS EDGE


CARATLOVERS Privilege: You contribute to the CARATLOVERS scheme for 5 and a half months through monthly instalments and DIAMONDTREE will pay half instalment of the 6th month. 

Luxuriate Yourself: At the time of final purchase DIAMONDTREE also provides you with 10% discount on the MRP of the jewellery purchased.

Weddings in the Family: CARATLOVERS enables you to plan your wedding jewellery purchase in advance with a special contribution from DIAMONDTREE.

Notable Occasions: Your special occasions can be made more memorable with the CARATLOVERS scheme. You can plan your Birthday, Mother’s Day and Anniversary surprises in advance.

Design Advantage: With multiple design options, each DIAMONDTREE design displays exceptional craftsmanship and style.

Comfort: You have the comfort of multiple payment modes such as cash*, cheque, credit card, debit card bank transfer and UPI. 

Conditions Apply*

CARATLOVERS SPECIFICS (For 6 months Scheme)


Description: CARATLOVERS is a monthly jewellery installment scheme where the customer has to pay 5 full and 1 half installments and his/her date of maturity would start after 170 days from the date of joining the Scheme.

Significance of the Scheme: Enrolling in this scheme signifies an advance for purchase of diamond jewellery at a later date.

Validity: CARATLOVERS allows you to pay 5 full and 1 half monthly installments of a minimum Rs. 2,000 (Rs.1000 in case of half) or above (multiples of Rs. 1,000). You pay one installment each month. More than one installment in a single month is not permitted.

Installment Payment: In any event when the customer fails to pay installments for any 2 months continuously, DIAMONDTREE will suspend the scheme and refund only the principal amount paid by the customer into his/her bank account directly without any prior intimation within 7 working days of suspension of scheme.

Redemption: The customer is mandatorily required to redeem his/her account before 200 days from the date of payment of the first installment. No refund is provided in case the item purchased is of lesser value than the redemption amount.

Post Maturity: In case the customer does not redeem within the set tenure, he/she will be refunded only the principal amount paid by him/her without any benefits after the 200th day (within 7 working days) into their registered bank account directly without prior notice.

Category Eligibility: Monthly installments paid under the scheme can be used only against the purchase of diamond jewellery at DIAMONDTREE Store. Gold Jewellery and Gold Coin cannot be purchased against the installments paid under CARATLOVERS.

Documents Required: CARATLOVERS holders are required to provide a copy of his/her government issued Photo ID like Ration Card/Passport/ Aadhar/Driving License/Voter ID & a cancelled cheque/bank details at the time of enrollment. For transactions amounting to Rs. 2,00,000 (two lakh) or above, its mandatory for the customer to provide a copy of Pan Card.

Refund/Premature Closure: Customers are allowed to withdraw the installments they have already paid, at any time before the maturity date by submitting the Foreclosure Form, only up to the amount of principal and in their respective bank accounts only. No discount or any other benefit by way of interest or otherwise would be given. DIAMONDTREE shall refund the amount within 7 working days from the date of receipt of Foreclosure Form.

IMPORTANT TERMS AND CONDITIONS


  • Enrollment in the CARATLOVERS scheme by a customer would signify an expression of interest for purchase of diamond jewellery at a later date as per the design and specifications of the scheme chosen. 

  • This is a diamond jewellery purchase scheme.

  • Gold Jewellery and Gold Coins cannot be bought under this scheme.

  • No discount will be provided in case of premature closure of the scheme. 

  • The start date of CARATLOVERS scheme will be considered as due date of installment for consecutive months. 

  • Installments/advances must be paid within 7 days from the date when installment is due. Payment made beyond due date shall subject to penalty of Rs.100/- on delayed installment.

  • At the time of joining the scheme, you be will be supplied with a Scheme Passbook which you are required to keep under safe custody. Please check that all payments made are correctly entered in the Scheme Passbook. You are requested to kindly update your Scheme Passbook on a regular basis by visiting the enrolled showroom. Any discrepancy should be immediately brought to the notice of the store manager. 

  • Transfer of CARATLOVERS accounts between showrooms is not permitted. 

  • All customers are advised to read and comply with the security information and detailed terms & conditions in the Scheme Passbook.

  • All customers should mandatorily intimate DIAMONDTREE of any change in their Address or Mobile number within 7 days. 

  • DIAMONDTREE reserves the right to alter, amend, add or delete part or whole of the privileges of the scheme without prior notice.

  • DIAMONDTREE is the sponsor of this scheme and reserves the right to suspend the scheme at any time. In such event, the member may purchase any item at the store equal to the value of money accumulated in the account as on that day or of higher value, on payment of requisite amount.