Gemstones at Wholesale Prices
Limura is a wholesale supplier of rough and polished gemstones and offers both in person physical auctions and tenders for the gemstones in their private high security viewing facilities located in Almas Tower, Dubai and also operates a proprietary online platform “Limura Gems” for managing real time tenders / auction bidding. The platform combines cutting edge technology with advanced user friendly features and tools that adopt to the unique requirements of each client. The platform allows for international participation and remote bidding.
Conflict Free Gemstones
All our rough Gemstones are sourced from “conflict-free” areas and comply with the industry’s strict Kimberley Process Certification Scheme (KPCS), please view also Limura’sResponsible Sourcing Policy and Limura’s Code of Conduct policy.
Each cut & Polished diamond or gemstone comes with a certificate of authenticity from a leading gemstone grading laboratory and each gemstone we provide reflects our dedication, reputation, and integrity towards professionalism & business ethics. Limura delivers the highest standards on every front.
Membership of Dubai Diamond Exchangre
Limura is a member of the Dubai Diamond Exchange (DDE). Buyers and sellers can be assured of Limura’s ongoing commitment to enhancing industry standards and best practices. All tenders held through DDE are necessarily regulated, transparent and conducted in accordance with the highest standard of integrity.
While the DDE does not typically act as the direct buying/selling intermediary itself, it facilitates secure tenders, auctions, and trade through licenced, accredited members, fostering a safe environment.
· DDE is a member of the World Federation of Diamond Bourses (WFDB), guaranteeing trade security among its members and adhering to international standards for ethical sourcing.
· DDE provides a venue for tenders and auctions where they, alongside members, uphold transparent standards (Tender Best Practice Forum).
· Transactions often occur within the DDE’s specialized facilities (e.g. Almas Tower), allowing for secure, insured and monitored trading.
· DDE ensures that stones are traded and are certified by international laboratories (e.g. GIA, GRS).
Tender Catalogue
The Tender Catalogue provides information on each rough gemstone offered by Limura including the size, weight, origin, Kimberley Process Certification (KPC) confirmation. The polished gemstones come with a grading report. Majority of our polished gemstones are graded by Gemmological Institute of America (GIA). The elements described on a polished gemstone grading report include shape, measurements, carat weight, colour grade, clarity grade, cut grade (for round diamonds), depth, depth percentage, table percentage, girdle, culet, polish, symmetry, fluorescence, comments and clarity map. You can view the Tender Catalogue but cannot place bids until you have registered as a client.
Becoming a Client
Anyone who wishes to Bid on a Lot must first apply to become a registered Client by completing the online Application Form on the Website and also accept Limura’s Terms and Conditions for Gemstones. In the Application Form you must provide all the information requested from you. Limura’s compliance department will review your application and if successful you will be contacted by Limura’s account department by email. Only registered Clients or their nominees (as stipulated in their registered Application Form) will have access to our Tenders (via username and password) and be eligible to place Bids on any Lot(s). Becoming a Registered Client and/or being granted permission to Bid in any Tender is at Limura’s sole discretion.
Important Notice: Please note Limura does not demand any upfront payment from clients before or after registering. No deposit is required even when you place bids. Limura do not require payment for gemstones in advance of delivery therefore procedures are Buyer friendly and are designed to minimise risk, provide transparency, and offer flexibility to the Bidders (Buyers).
Secure Transactions-Escrow Mechanism
An escrow account is a secure temporary holding account managed by a neutral third party to hold funds of the Bidder during the transaction until specific contractual obligations are met. It protects both the Bidder and Limura by ensuring that the Limura receives payment and the Bidder receives the goods. Only when Limura has met all its obligations are the funds released. Escrow accounts have become a cornerstone of secure and efficient transactions providing a third party holding of funds until all contractual obligations are met.
Please note that Limura will pay 100% of escrow agents fee. Depending on the size of the transaction Limura can use any one of the following three escrow service providers:
1. Emirates NBD can offer an escrow account to the Buyer & Seller of gemstones thus providing a secure way of buying and selling gemstones. For this the Buyer must pass due-diligence with the Emirates NBD. Escrow services of the bank are tailored for high-value transactions.
2. DMCC Tradeflow can provide a secure, escrow like service for high value gemstone buy sell transactions, particularly by registering electronically the ownership and title of gemstones stored in accredited UAE based warehouses / vaults, which allows for safe transactions. In a formal gemstone buy sell transaction facilitated by DMCC Tradeflow in Dubai, it is a standard procedure for Bidders/Buyers bank to block funds of the Bidder/Buyer and guarantee payment upon the legal transfer of title. Once payment is guaranteed DMCC Tradeflow can transfer the title to the Bidder/Buyer. It will be necessary for the Bidder/Buyer to open an account with DMCC Tradeflow to receive a seamless, formal transfer of title for gemstones stored in DMCC registered warehouse/ facility. DMCC is owned by the government of UAE. DMCC Tradeflow is DMCC owned entity.
3. Escrow.com. The Buyers/Bidders funds are held securely by escrow.com. The Buyer/Bidder can instruct a secure transport company to inspect and verify the authenticity of gemstones before accepting them. Such inspection is typically only performed by specialized high value logistic providers (like Brinks, Malca-Amit, or Transguard Group) who offer secure transport and have procedures to verify high value items. If a secure transport company or affiliated party inspects the gemstones they usually focus on checking whether the gemstones matches the GIA grading report (in case of polished gemstone) and use gemmological technique to identify if a stone is natural, synthetic, or treated, and also inspect the gemstones to see if it matches Limura’s documentation and listing details.
BECOME A CLIENT
Apply to join our exclusive network of wholesale gemstone professionals. Please complete the form below - including your registered business details - to begin the registration process.