Rough diamond Clause Samples

The 'Rough diamond' clause defines the contractual treatment of diamonds that have not yet been cut, polished, or otherwise processed. This clause typically outlines the standards, quality requirements, and documentation necessary for rough diamonds being bought, sold, or transferred under the agreement. For example, it may specify how rough diamonds are to be inspected, valued, or certified prior to delivery. Its core function is to ensure both parties have a clear understanding of what constitutes a rough diamond and to prevent disputes over quality or authenticity during transactions.