Summary: Layaway Non-Refundable Amounts

 

 

Full layaway policy

 

  • For 3 payment layaway plans, 10% of the original purchase amount is non-refundable.

  • For 6 payment layaway plans, 20% of the original purchase amount is non-refundable.

  • For 12 payment layaway plans, 30% of the original purchase amount is non-refundable.

Please note that these amounts are NOT in addition to any non-refundable amounts for ring sizing or non-refundable deposits for special orders. The higher of the layaway cancellation/return fee, non-refundable amounts for ring sizing, or any non-refundable deposits for special orders will be used in determining any your refund.  See examples below.

 

Examples: Layaway Non-Refundable Amount Calculation

 

Example 1: You wish to purchase a ring with a price of $1999 and non-refundable amount of $100 FOR ring sizing. If you choose to purchase this ring with the 3 payment layaway plan (10% is non-refundable), If the layaway is cancelled or the item is returned, $199.90 (10%) would be retained. The $100 non-refundable amount for the ring sizing is waived.

 

Example 2: You wish to purchase a special order ring (like an eternity band) with a price of $2499 with a 20% non-refundable deposit. If you choose to purchase this ring with the 3 payment layaway plan (10% non-refundable amount), $499.80 (20%) would be retained. In this case, since the non-refundable deposit is greater than the layaway non-refundable amounts, the layaway non-refundable amounts is waived and only the special order non-refundable deposit applies.

 

Example 3: Using the same example as above, if you select the 12 payment layaway plan (30% non-refundable amount), $749.70 (30%) would be retained.  In this case, since the layaway non-refundable amount is greater than the item non-refundable deposit, the non-refundable deposit is waived and only the layaway non-refundable amount applies.

 

Summary: Examples Above


ExOrder amountNon-refundable depositLayaway non-refundable amountTotal non-refundable amountSmaller

Fee waved

1$1999$100 (sizing)$199.90 (3 payment/10%)$199.90($100)
2$2499$499.80 (special order)$249.90 (3 payment/10%)$499.80($249.90)
3$2499$499.80 (special order)$749.70 (12 payment/30%)$749.70($499.80)