Terms of Service and Terms of Sale
Last updated: 2 November 2025 • Version: 1.0
1. Preamble and Definitions
These Terms of Service and Terms of Sale govern all relationships between JOALYS LTD and users of the Joalys platform. JOALYS LTD operates an e-commerce platform specializing in the sale of precious gemstones and luxury jewelry, offering two acquisition methods: direct sale and online auction system.
JOALYS LTD (Principal Company)
Company Number: 16757466
Date of Incorporation: 2 October 2025
Registered Office:
4th Floor Office
205 Regent Street
LONDON W1B 4HB, England
JOALYS PARIS (PRIVATE) LIMITED (Operational Office - Sri Lanka)
Company Number: PV 00332989
Date of Incorporation: 22 June 2025
Registered Office:
Colombo, Sri Lanka
Contact:
contact@joalys.com
legal@joalys.com
2. Purpose and Acceptance of Terms
These Terms of Service and Sale aim to define the conditions under which Joalys offers its online sales services for precious gemstones and luxury jewelry, as well as the rights and obligations of the parties.
Use of the Platform, account creation, placing a bid, or placing an order implies full and complete acceptance of these Terms. By checking the acceptance box, you acknowledge having read and accepted all provisions without reservation.
3. Registration and User Account
To make a purchase or participate in an auction, you must create a personal account on the Platform. Registration is reserved for persons of legal age (18 years or older) with full legal capacity.
- •You guarantee the accuracy and regular updating of the information provided
- •Joalys reserves the right to request identity verification for high-value transactions (AML/KYC compliance)
- •You are solely responsible for the confidentiality of your login credentials
4. Description of Services
Joalys offers an e-commerce platform dedicated to the sale of precious gemstones and luxury jewelry, offering two acquisition methods: direct sale at fixed price, and online auctions with ascending bid system.
IMPORTANT: The Platform does NOT allow peer-to-peer sales. All Products are the exclusive property of Joalys. Users can ONLY purchase, not sell products on the Platform.
5. Auction Rules
Auction Principle
Auctions are ascending auctions with fixed duration. The Lot is awarded to the highest bidder at the end of the auction period, provided the Reserve Price (confidential minimum price) is met.
Anti-Sniper Bidding System
To allow all bidders to react fairly and avoid last-second bidding, Joalys applies an automatic extension system.
If a bid is placed in the last 30 seconds before the scheduled close, the closing time is automatically extended by an additional 2 minutes. This mechanism can trigger up to 3 times maximum per auction.
Commitment and Non-Payment
The bid constitutes a firm and irrevocable purchase commitment. If the winner does not pay within 48 hours, Joalys will: 1) Attempt automatic payment retry, 2) Send reminder emails, 3) Contact the second highest bidder, 4) Re-list the Lot for sale. Sanctions may include account suspension or closure.
6. Pricing and Payment
IMPORTANT: Prices Excluding Taxes (Duty Unpaid)
Prices displayed on the Platform are EXCLUDING TAXES and EXCLUDING CUSTOMS DUTIES. Import duties, VAT, and customs clearance fees are entirely the responsibility of the Buyer and vary according to the destination country.
We accept payments via Stripe (credit cards) and PayPal. All transactions are secure and PCI-DSS compliant. For auctions, payment must be made within 48 hours following the auction close. In case of refusal to pay customs taxes, the package may be blocked, returned, or destroyed, with no possibility of refund.
7. Shipping and Delivery
Joalys provides international deliveries subject to the availability of FedEx Express service and compliance with international sanctions.
Shipping Information
• Origin: Sri Lanka
• Carrier: FedEx Express
• Insurance: Included for full product value
• Average delivery time: ~7 business days
8. Right of Withdrawal and Returns
The right of withdrawal applies differently depending on the acquisition method:
Direct Sale: 14-day right of withdrawal
Products purchased in direct sale (fixed price) are eligible for the 14-day right of withdrawal. Return costs are the responsibility of the Buyer. Products must be returned in original condition with all accessories and certificates.
Auctions: NO right of withdrawal
In accordance with Article 16(k) of EU Directive 2011/83, Lots purchased via online auctions are NOT eligible for the 14-day right of withdrawal. The bid constitutes a firm and irrevocable commitment.
9. Certificates and Authenticity Guarantees
All Products sold by Joalys are accompanied by a certificate of authenticity issued by an independent and recognized gemological laboratory.
Certificates are issued by Lanka Gem Laboratory (LGL), a third-party gemological laboratory complying with international GIA standards (Gemological Institute of America) and composed of GIA-certified gemologists.
Innovation: Certificates are also recorded on the blockchain, guaranteeing immutability of data, complete traceability, and transparency. You receive a link or QR code to access the blockchain version of the certificate.
10. Legal and Commercial Warranties
You benefit from a legal warranty of conformity of 2 years from delivery (standard UK/EU duration). In case of lack of conformity or hidden defect, you may require repair, replacement, price reduction, or cancellation with full refund. Warranties do not cover normal wear, damage from misuse, or unauthorized modifications.
11. Liability and Limitation
Joalys is responsible for direct and foreseeable damages caused due to breach of its contractual obligations. However, Joalys disclaims all liability regarding customs duties, import taxes, customs clearance delays, package blocking or seizure by customs, and refusal of import for non-compliance with local regulations. The Buyer is solely responsible for informing themselves and complying with customs and tax obligations of their country.
12. Intellectual Property
All elements present on the Platform (texts, graphics, logos, images, photographs, videos, databases) are the exclusive property of JOALYS LTD or are subject to a license. These elements are protected by intellectual property laws. Any unauthorized reproduction, distribution, or commercial exploitation is prohibited and constitutes counterfeiting subject to civil and criminal sanctions.
13. Personal Data Protection
The collection, processing, and protection of Users' personal data are governed by Joalys' Privacy Policy. By using the Platform, you acknowledge having read this Privacy Policy. You have rights of access, rectification, erasure, portability, and opposition regarding your personal data in accordance with GDPR.
View our Privacy Policy14. Usage Restrictions and Sanctions
You commit to using the Platform in accordance with these Terms, the law, and customs, and to respect third-party rights. Prohibited behaviors include: fraud, fictitious or collusive bids, identity theft, use of false documents, defamatory statements, unauthorized access attempts, and use of automated tools (scraping).
Minimum age: 18 years
15. Dispute Resolution and Applicable Law
These Terms are governed and interpreted in accordance with English law (England and Wales). Any dispute will be subject to the jurisdiction of English courts.
Applicable Law: English Law (England and Wales)
European consumers automatically benefit from the protection of mandatory provisions of the law of their country of residence (GDPR, Directive 2011/83/EU on consumer rights). They may bring proceedings before English courts or the courts of their country of residence.
16. General Provisions
These Terms, together with the Privacy Policy, constitute the entire agreement between Joalys and the User. If one or more provisions are declared null or unenforceable, the other provisions remain in full force. Joalys reserves the right to assign or transfer its rights and obligations, particularly in case of restructuring, merger, or acquisition.
17. Contact Information
JOALYS LTD
Company Number: 16757466
Registered Office:
4th Floor Office
205 Regent Street
LONDON W1B 4HB, England
Contact:
contact@joalys-paris.com
legal@joalys-paris.com
By checking the box "I accept the Terms of Service and Terms of Sale" when creating an account or placing an order, you acknowledge having read, understood, and accepted all of these Terms without reservation.