Q&A For Diamond Brokers

Q&A For Brokers

Please read these Q&A’s if you are a Diamond or Metal Broker, looking to submit a manifest or LOI to our Trade Desk before contacting us.

Do we deal with Brokers?

Yes, but only if they put us directly in touch with the actual Seller or Buyer. If you don’t know who the seller or buyer is, the offer you received was probably flown around the internet and is most likely fake anyways. Find out who the seller/buyer is, put us in direct communication, if a deal is negotiated and closed, you will get a commission.

Do we sign IMFPA’s and NCNDA’s upfront?

We never do, as it is highly illegal to request anyone to sign an IMFPA or Pay Order before any contract is signed. This is considered extortion, and no IMFPA has any value without contract codes anyways! So do not ask us for IMFPA’s as they would have absolutely no value to you, and can certainly land you straight to prison, there are no benefits to do so. We are willing to sign an NCNDA with a working agreement if necessary.

As a broker, you MUST understand that the most important thing for a Buyer or Seller of commodities is banking! If you wire funds to someone who is black listed by a Bank, you automatically become blacklisted! Therefore, we will NEVER engage in anything until we have full disclosure and know exactly who the title holder is, and where the funds are going.

Before purchasing any diamonds from us or receiving anything, all Buyers have to fill out our CIS package as we practice “KYC” (Know Your Customer for Banking Purposes).

Will we ever sign ANY documents on ICC Letterhead?

Not in a million years, what most brokers don’t understand, is that no documents on ICC letterhead have recourse in any court of law, ICC is not an enforcement agency, just a mere non profit organization, in other words, no documents signed with ICC letterhead has ANY value, does not stand on any legs, not even worth the ink you use to print them.

Can you send me a manifest?

We use Blockchain technology, once a client has submitted his/her CIS package on our format, and the buyer has cleared compliance, we will be in direct communication with the buyer, and determine the Buyer’s needs. We will prepare a test parcel based on Buyer’s requirements, and once the parcel arrived in the USA, the buyer will receive the manifest directly through the blockchain, and an invitation letter from our Trade Desk. We NEVER send any manifests through brokers.

Do we accept sanitized manifests?

We never do, how could we get any manifest signed without knowing who the seller is? It would be completely insane to accept and sign a blank manifest without being able to do due dilligence on the seller! We need 100% transparency, other wise, we have no interest at all.

Would you sign a purchase order on a car without knowing the brand?

I have a Manifest, but the Broker who sent it to me refuses to release the Seller’s information.

We are not interested in talking to that Broker or any other brokers, we pass

What if your Trade Desk lies to us and does a deal behind our back?

We have one major rule of engagement, we NEVER lie to anyone regardless of their position. This business has enough liars as is. We will always be truthful with anyone involved in our transactions, and expect the same from all Brokers! Lying and making up stories is completely idiotic, as it will only land you in trouble, and ruin your reputation for a lifetime.

Furthermore, it would make no business sence for us to lie and close deals behind your back as you would never bring us another deal.

The job of a broker or facilitator is to “facilitate” meaning opening doors and making it easy for the Buyer and Seller to close the deal. You will NEVER close a deal if you don’t open communication between the parties, you will only close the doors shut.

Rough Diamond Prices on a Downwards Trend For the Last Few Weeks

With some of the largest mining companies slashing their prices by 10% and more, and the pressure on these companies from the Indian market to keep prices low, prices are going down.

This softer market is unlikely to remain for the long term as demand in Asia is expected to pick up within the next 6 months. Despite the lower global production in 2014, most of the major producers like Russia and Botswana’s productions have increased.

Rough Diamonds will always remain a strong commodity on the global market and despite fluctuations in value like all other commodities,  the core value of the asset will always be strong.

TO PURCHASE ROUGH DIAMONDS CALL +1-754-250-9100 or email vince@madnox.com