THE BENEFITS OF USING AN ESCROW SERVICE WHEN BUYING A PINK DIAMOND.

Ensuring a secure and trustworthy transaction

PROTECTION AGAINST FRAUD

The primary advantage of using the Australian Pink Diamond Trade Centre (APDTC) escrow service is the protection it offers against fraud. Pink diamonds are not only rare but also expensive, making them attractive targets for scammers. An escrow service acts as a neutral third party that holds your funds until all conditions of the sale are met. This means that the seller cannot access your money until the diamond’s authenticity and quality have been verified and you have received the diamond.

VERIFICATION OF AUTHENTICITY

Pink diamonds require careful appraisal to confirm their authenticity and value. The APDTC escrow service validates the authenticity of the diamond and associated certificates before organising secured transport of the diamond to the buyer. This verification process ensures that you receive exactly what you paid for, reducing the risk of receiving a counterfeit or misrepresented pink diamond.

The APDTC escrow service promote transparency by documenting every step of the transaction process. This includes keeping records of communications, agreements, and inspections, which can be invaluable if any issues arise post-transaction. Such transparency builds trust between buyers and sellers, fostering a more positive purchasing experience.

SECURE TRANSACTION PROCESS

Using the APDTC escrow service provides a structured transaction process that enhances security for both buyers and sellers. This systematic approach minimizes disputes and misunderstandings between parties 

• Agreement on Terms: Both parties agree on the terms of sale, including price and delivery conditions.
• Deposit Funds: The buyer deposits funds into the APDTC escrow account. 
• Inspection and Delivery: The seller sends the diamond and certificates to the APDTC escrow service, where they are inspected and validated.  
• Storage and Insurance: The diamond is then stored in APDTC Vault service and insured through Lloyds of London 
• Delivery: 
  Release of Funds: Once the buyer confirms delivery and satisfaction with the diamond, funds are released to the seller.