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LIFETIME EXCHANGE / BUY-BACK POLICY

i.       A customer may avail of the Lifetime Exchange/Buy-back Policy of a product purchased from Araanz at any time after a period of 15 days from the date of delivery of the Araanz product.

 

ii.      For any such Lifetime Exchange/Buy-back, the customer shall make a request by contacting Araanz on email or calling Araanz’s toll-free number during our operational hours.

 

iii.     For availing the Lifetime Exchange/Buy-back, the customer will have to ensure providing:

         a.       Original Certification

         b.      Invoice Copy

 

iv.     If an Original Certificate is not produced, customer shall bear the cost of re-certification. The cost for shipping and certification shall be borne by the customer.

 

v.      For Lifetime exchange or buy-back of a product purchased from Araanz, the valuation of Diamond Jewellery will be valued at 80% of the

         prevailing value at the date of the exchange/buy-back rate after deducting making charges and LST/CST/GST/ VAT.

 

vi.     Jewellery made of gem stones shall be exchanged at 70% of the prevailing market value of the gemstones at the time of the exchange/buy-back and the value of gold shall be prevailing

         market value at the time of the exchange/buy-back.

 

vii.    Plain gold jewellery/gold coins shall be exchanged at the prevailing gold rate at the time of the exchange/buy-back after deducting making charges and LST/CST/GST/ VAT.

 

viii.   The prevailing market value will be determined by Araanz and shall be binding on the customer.

 

ix.     For all Buy-Back transactions, VAT/GST at the applicable rate shall be adjusted from the Buy-Back value.

 

x.      Araanz reserves the right to change the lifetime exchange amount of the product based on the Quality Inspection.

 

xi.     The Lifetime exchange/buy-back shall be in the sole discretion of Araanz.

 

xii.    Araanz reserves the right to adjust the buy-back amount of the product based on the Quality Inspection. Any item returned showing signs of wear or engraved, altered,

         resized ( by any person / entity other than Araanz ) or damaged in any other manner shall not be accepted for return.

 

xiii.   In case, any Coupon, Discount or Promo Codes were used during the original purchase, the amount due will be reduced by an amount equivalent to the

          Coupon, Discount or Promo Codes, as applicable.

 

xiv.   In case the exchanged value is higher than the value of the old product, the customer will have to pay the difference between the new product

         chosen and the valuation of the old product.

 

xv.    In case of a refund on a lifetime exchange/buy-back, payment of any amount payable to the customer shall be made by way of an online bank transfer to the customer’s

        bank account within 15 days of completion of the inspection process.

 

xvi.  

a.       In the case of Lifetime Exchange of the product purchased from Araanz, the customer will pay for two-way shipping and insurance charges. 

 

b.      In the case of Lifetime Buy-back, the customer will be liable to pay for shipping and insurance charges for return of the product to Araanz.

 

xvii.  Araanz reserves the right to amend the terms and conditions of the Lifetime Exchange/Buy-back Policy at any time.