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 Trading

Madnox is a full service Rough Diamonds Trade Desk, who will handle your trading transaction from start to finish, insuring that both buyers and sellers are fully satisfied from the beginning to the end, and that your trading process is flawless.

  • Minimum transaction is 100 CT (most of the time), no maximum
  • If brokers are involved in the transaction, an NCNDA will be signed upon request, but we only deal directly with direct Sellers of the commodities, in order to communicate properly and finalize the transaction.

Sellers must have clear title to the goods and records which prove they own the goods that are offering for sale. Any brokers trying to act as a seller, issuing false documents will be reported to the Authorities immediately! 

  • Our Desk Only Trades Rough Diamonds Wholesale and Gold & Precious Metals Wholesale, nothing else +1-754-250-9100

White Fluorescence in Diamonds

Diamond fluorescence, is the effect that ultraviolet (UV) light has on a diamond. When you stand under an ultraviolet light or blue light, sometimes you can see your whites get brighter or your teeth appear to glow under these lighting conditions. This is the same effect the diamond has under UV rays. Fluorescence is the visible light that a diamond emits when it is exposed to the UV rays.

On a GIA Diamond Grading Report, fluorescence refers to the strength, or intensity, of the diamond’s reaction to long-wave UV, an essential component of daylight. The light emitted lasts as long as the diamond is exposed to the ultraviolet source of light.

There are three elements that can be absorbed by the diamond that will cause fluorescence:

Aluminum

Boron

Nitrogen

It is rare to come access a white fluorescence stone, this Liberian rough diamond has a white fluorescence glow. White fluorescence usually does not affect the value of the rough diamond. Other fluorescent rough diamonds can lose up to 80% of their value due to fluorescence or phosphorescence.

Diamond Regulations and Trading

Diamond regulations

 

FOR ROUGH DIAMOND CONSULTING SERVICES OR ROUGH DIAMOND GRADING SERVICES CALL +1-305-600-1814 NOW OR EMAIL VINCE @MADNOX.COM

 

“Fantomas” Makes Diamonds “Magically Disappear”

News of Alrosa & related companies being victim of a theft is going around the diamond community. Alrosa is the largest diamond producing company worldwide, by far. It is owned by the Russian Government and Private Companies.

The Gokhran Depository is holding precious metals, jewels and stones, and has fallen victim of theft before. It is reported that several large stones were stolen from a large parcel on deposit and replaced by smaller ones.

The depository holds Russia’s supplies of gold, silver, platinum, diamonds, emeralds, sapphires, pearls and other stones and precious metals, and has been robbed several times over the years.