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Lay-Buy option

At Shani D Jewellery we know that times are tough which makes it even more difficult to save for that one special piece, whether you are saving for an engagement or an heirloom. That’s why we do offer a lay-by agreement for all pieces over R3000.

How it works

Request a quotation on your desired jewellery piece using our request a quote option, ticking the lay-buy box. After receiving the quotation, you will also receive our lay-by contract which needs to be signed. On approval of the estimated quotation, you then choose a savings plan between 1-3 months or 1-6 months.

As soon as 70% of the amount is reached, we start with the design process which will continue once approved, to manufacturing. The jewellery piece is kept safe once finished until the full amount is paid.

Terms and conditions

“Lay-Buy” means:

Offering of a facility where we reserve goods on your behalf, which you have chosen, which you pay for over a period of time, while we hold onto the said goods until they are paid in full.

1.       Record of Payment

A record of payments transaction history will always be available for both the merchant and buyer, recording all amounts paid to-date and the date and value of all future pending payments as per your agreed lay-by policy. A statement will be sent once a month notifying the merchant and buyer of the total amount paid and outstanding.

Once 70% of the total of Installments is reached the seller will purchase materials needed for manufacturing the desired piece chosen by client.

2.       Storage and Identification of Lay-Buy Products

Product’s on Lay-Buy will be set aside and stored separately to other products. Products will be clearly identified as ‘Lay-By contract’ products by a number or some other identification.

3.       Cancellation of Lay-Buy by Buyer

The buyer may not cancel upon the agreement as materials are already purchased for the customised piece. If the buyer can’t pay the full instalment, the amount paid will be given as credit to use within Shani D Jewellery Design, this is only applicable when the amount is below the 70% deposit before the merchant buys materials. If the amount is above the 70% of total, services rendered and materials purchased will be deducted first before refunding the client, the client then may receive purchased gems and stones as it’s already been paid for.

4.       Cancellation of Lay-Buy by Seller

The seller under a Lay-Buy must not cancel it unless:

  1. The buyer breaches a term of the Lay-Buy; or
  2. The seller stops trading; or
  3. The products are no longer available

5.       Cancellation on breach by Buyer

If a buyer has breached a term of a Lay-Buy and seller intends to cancel the Lay-Buy, before doing so seller must:

  1. Give the buyer notice of seller’s intention to cancel the Lay-Buy; and
  2. Allow the buyer at least 14 days within which to rectify the breach; and
  3. The notice has to be given in writing, sent to the buyer’s last known email address, or, if the buyer so agrees, orally; and
    • must specify the breach of the Lay-Buy for which the Lay-Buy is being cancelled; and
    • must state the time within which the buyer must rectify the breach;
    • must state the matters listed per below:* the purchase price of the products;
    • all cancellation charges payable under the agreement; and the total amount paid under the Lay-Buy;
    • any amount owing to either the buyer or seller under the terms of the Lay-Buy on the cancellation of the Lay-Buy.The Lay-Buy is cancelled at the end of the period specified in the notice unless the buyer rectifies the breach before then or Seller agrees not to cancel it.

6.       Cancellation where business closes

If Seller under a Lay-Buy agreement proposes to stop trading before the agreement is completed, Seller must give notice of the proposal to the buyer and must either:

  • allow the buyer 7 days within which to complete the agreement; and
  • cancel the Lay-Buy

7.       Cancellation where products not available

If the products are no longer available, Seller must cancel the Lay-Buy and refund all monies to the buyer.

8.       Service Fee

Seller shall not charge the customer any interest charges, membership fee or service fee on any Lay-Buy sales transaction.

9.       Lay-Buy Reporting

Seller shall have reporting in place for all Lay-Buy deals covering Down Payment made, Lay-Buy period, Frequency of payments required, Payment amount required per installment; and a full record of all payments made to-date (amount and date on which made).

10.   Delivery

The seller will only dispatch the buyer product/s after receiving the final installment payment for all Lay-Buy deals.

11.   Installments not being paid during the specific time frame.

Payments not being made during the chosen time frame will allow for a price increase upon original quotation, an updated quotation will then be given once the time frame given, exceeds.

Rings that are completed and not yet paid in full will be kept safe and under the company’s insurance, an insurance fee of R200 per month must be payable by the client until full instalment is met.

12.   Miscellaneous

This Agreement shall be binding upon, inure to the benefit of, and be enforceable by the representatives, successors and assigns of the parties

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