1. Introduction and Legal Framework
Welcome to G D and M Trading FZE (hereinafter referred to as the "Company", "we", "us", or "our"). The Company is a duly licensed entity incorporated under the laws of the United Arab Emirates, specializing in the trade of precious metals and stones.
1.1 Regulatory Status
In accordance with Federal Decree-Law No. (20) of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism and Financing of Illegal Organisations, the Company is classified as a Designated Non-Financial Business and Profession (DNFBP). As such, we operate under the enhanced regulatory supervision of the UAE Ministry of Economy and the Financial Intelligence Unit (FIU).
1.2 Acceptance of Terms
By accessing this website, creating an account, or engaging in any transaction, you (the "User" or "Customer") acknowledge that you have read, understood, and irrevocably agreed to be bound by these Terms and Conditions. These Terms govern all sales, purchases, and services provided through this Platform.
1.3 Eligibility
Our services are strictly intended for individuals and entities who meet the legal requirements for high-value commodity trading in the UAE. By using this Platform, you represent that you possess the legal authority to enter into these Terms and that you are compliant with all applicable Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols as detailed herein.
2. Licensing and Precious Metals Trading Compliance
The Company represents and warrants that all gold and diamonds offered for sale through its website is duly certified and hallmarked in full compliance with the provisions of Federal Law No. (11) of 2015. The Company further confirms that it holds a valid commercial license issued by the Government of Dubai, Department of Economy and Tourism (DET) and is duly registered with the Ministry of Economy.
3. Account Registration and KYC Compliance
In compliance with UAE Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) laws, account registration is mandatory. No user shall be permitted to initiate, conduct, or complete any purchase, sale, or transaction on this Platform without maintaining an active, verified account. Guest checkouts are strictly prohibited for transactions involving precious metals and stones.
3.1 Know Your Customer (KYC) Requirements
To fulfill our obligations under Cabinet Decision No. (10) of 2019, users must complete a Customer Due Diligence (CDD) process. During account creation, you must provide accurate, current, and complete information, including: Full Legal Name, Date of Birth and Nationality, Current Occupation, Identification Details, and Document Expiry Date.
3.2 Mandatory Document Upload
Users are required to upload a clear, high-resolution digital copy of their valid Passport or UAE/GCC Residence ID. Failure to provide legible documentation or providing expired documents will result in the immediate rejection of the account application or the suspension of transaction privileges.
4. Transparency and Product Specifications
In accordance with Federal Decree-Law No. (5) of 2023, the Company is committed to providing full transparency for all listed gold and diamond products. Each product page shall clearly display: Physical Specifications (weight, purity, fineness), Provenance (country of origin), and Pricing (total price inclusive of all applicable fees and taxes).
5. Returns, Refunds, and Order Cancellations
In accordance with UAE consumer law exceptions for commodities, all purchases of gold and diamonds are final and non-returnable. Because the value of these products is determined by continuous fluctuations in the international gold and silver spot markets, which the Company cannot control, the standard "cooling-off" period or right to return goods does not apply.
6. Value Added Tax (VAT) Treatment
Pursuant to Federal Decree-Law No. (8) of 2017 (as amended), Investment Precious Metals (99% purity or higher) are subject to VAT at 0% (Zero-Rated). Non-investment metals and jewelry are subject to the Standard VAT Rate of 5%.
7. Anti-Commercial Fraud and Quality Assurance
In accordance with Federal Law by Decree No. (42) of 2023, the Company strictly prohibits the sale, display, or promotion of any counterfeit, adulterated, or "spoilt" goods. Every gold and diamond product sold on this Platform is guaranteed to be authentic and compliant with the purity, weight, and fineness standards declared.
8. User Guarantees and Authority
To align with Federal Decree-Law No. (20) of 2018, the User guarantees they are at least 18 years of age, possess full legal capacity, and that all personal details and identification documents provided are authentic, valid, and belong to the User.
9. Enforcement of Terms and Obligations
The Company reserves the right to verify any information provided by the User at any time. We may request additional documentation or proof of the Source of Funds for high-value transactions (exceeding USD 15,000).
10. Intellectual Property and Software
All content displayed on this Platform is the exclusive property of the Company, protected by UAE Copyright Law. Unauthorized use of the Company's name, brand, and logos is strictly prohibited under Federal Decree-Law No. (36) of 2021 on Trademarks.
11. Limitation of Liability and Remedies
To the fullest extent permitted by UAE Federal Law, the total aggregate liability of the Company shall be strictly limited to the total amount paid by the User for the specific product or order that is the subject of the claim.
12. Governing Law and Jurisdiction
These Terms and Conditions shall be governed by and construed in accordance with the Federal Laws of the United Arab Emirates and the local laws of the Emirate of Dubai. The parties irrevocably agree that the Courts of Dubai (Onshore) shall have exclusive jurisdiction.
1. Introduction and Legal Framework
G D and M is a trademark owned by Kemet Precious Metal L.L.C (the "Company") is a licensed entity incorporated under the laws of the Kingdom of Bahrain. The Company is a regulated Designated Non-Financial Business and Profession (DNFBP) subject to the oversight of the Ministry of Industry and Commerce (MOIC) and the Financial Intelligence Directorate (FID).
2. Eligibility and Legal Capacity
In accordance with the Bahraini Civil Code, users must be at least 21 Gregorian years of age to enter into binding contracts. By using this Platform, you warrant that you are of full legal age and possess the legal capacity to conduct financial transactions.
3. Licensing and Official Hallmarking Compliance
The Company warrants that all gold and diamond products offered for sale are certified and hallmarked in full compliance with the Decree-Law No. (19) of 2013 regarding the Control of Precious Metals. All items bear the Official Hallmark of the Kingdom of Bahrain issued by the Jewellery Testing and Hallmarking Directorate.
4. Mandatory Account Registration (KYC & AML)
In compliance with Decree-Law No. (4) of 2001 (Anti-Money Laundering Law), account registration is mandatory. Customers shall not be permitted to conduct any sales or transactions without an active verified account.
4.1 Required Registration Data
To comply with DNFBP regulations in the Kingdom of Bahrain, the account creation process must mandatorily include the collection of: Full Legal Name, Date of Birth and Nationality, Current Occupation, Identification Type (valid Bahraini CPR or Passport), Identification Document Expiry Date, and Verification.
5. Mandatory Account Registration (KYC & AML)
Per Decree-Law No. (4) of 2001 (Anti-Money Laundering Law), account registration is mandatory. Users must provide a valid Bahraini CPR (National ID) or a Passport with a valid residency visa (for expatriates). Guest checkouts are strictly prohibited.
6. Mandatory Banking Channels (USD 15,000 Threshold)
In accordance with Central Bank of Bahrain (CBB) and MOIC directives, payments for any transactions exceeding USD 15,000 (or its equivalent in BHD) must be executed exclusively through official banking channels (Bank Transfer or Direct Deposit). The Company is strictly prohibited from accepting cash for values exceeding this threshold.
7. Value Added Tax (VAT) Treatment
In accordance with the Decree-Law No. (48) of 2018 regarding VAT: Investment Gold (99% purity or higher) is subject to 0% VAT (Zero-Rated). Standard VAT of 10% applies to non-investment items (jewelry) as per the National Bureau for Revenue (NBR) standards for 2026.
8. Real-Time Pricing and Market Volatility
Prices are linked to international spot markets and fluctuate in real-time. Gold and Diamond is exempt from the standard return rights under the Consumer Protection Law because its value is dependent on financial market fluctuations beyond the Company's control.
9. Returns, Refunds, and Order Cancellations
Due to the nature of our products (precious metals and gemstones) and their direct link to global market price fluctuations, GD&M operates under a strict No Return, No Exchange policy. Once a transaction is completed and the item has been dispatched or taken from the premises, it is considered a final sale.
10. User Guarantees and Ultimate Beneficial Ownership (UBO)
The User guarantees that they are the Ultimate Beneficial Owner of the purchased goods and that funds are derived from lawful sources.
11. Anti-Commercial Fraud and Quality Assurance
In accordance with Bahraini Law, the Company prohibits the sale of counterfeit or adulterated metals. Any attempt to return fraudulent gold or diamond will be referred to the Public Prosecution.
12. Enforcement of Terms and AML Audits
The Company reserves the right to verify documentation and conduct Enhanced Due Diligence (EDD) to satisfy the requirements of the Ministry of Industry and Commerce (MOIC) and FID audits.
13. Company Responsibilities
The Company is responsible for platform security, hallmark integrity, and ensuring data processing complies with the Personal Data Protection Law (30/2018).
14. Intellectual Property and Software
The Platform and its pricing algorithms are protected by Bahraini Intellectual Property laws. Unauthorized scraping or "bot" usage is strictly prohibited.
15. Limitation of Liability and Remedies
The Company's liability is limited to the actual amount paid by the User. Consequential losses or losses due to gold price drops after purchase are expressly excluded.
16. Manifest Pricing Errors
In the event of a technical glitch showing a price significantly different from the 2026 market rate, the Company reserves the right to cancel the order and provide a full refund.
17. Disclaimer
Prices for gold and precious metals are based on the Global Gold Spot Price and are subject to continuous change throughout the day. Information provided on this website regarding gold as an investment is for informational purposes only and does not constitute financial or professional advice.
18. Confidentiality and Data Protection
User data is protected under the Bahrain Personal Data Protection Law (PDPL). "Anti-Tipping Off" rules apply to all AML-related reporting.
19. Governing Law and Jurisdiction
These Terms are governed by the laws of the Kingdom of Bahrain. Any dispute shall be referred to the exclusive jurisdiction of the Bahraini Courts.
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