Summary: Layaway Non-Refundable Amounts
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
|Ex||Order amount||Non-refundable deposit||Layaway non-refundable amount||Total non-refundable amount||Smaller|
|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)|