What is JBS ?

JBS (Jodhani Bidding System) is an online bidding sale methodology, in which you can purchase diamonds by placing bid in auction through our website/app.

How can I purchase diamonds through JBS?

You can buy stone by registering with us through our website/app. There you can bid at every week timeframe.

What are the timings of the Bidding & Auction?

Bidding is a 2 days process, which starts every Wednesday, and can bid till 5:30 pm IST Thursday, then after auction starts, which begins at 5.30 pm; and then results on same day at 6:30 pm onwards.

How much maximum discount can i bid upto?

You can place a lower discount then base discount. E.g.:- if base discount of the stone is -30%, then maximum bid is 29.99% can be place.

In which timeframe, Can i place my bid?

One can place bid till Thursday 5:30 pm IST (Bid would start Wednesday morning for which you will be notified via our app). After that auction process starts, in which bidder can only increase their bid.

Can I withdraw my bid?

No, Bid will not withdraw once placed.

How does the auction works?

If 2 or more bidders are interested in the same stones, they get an opportunity to win a stone which will be presented in an auction, in which bidders would place a suggested bid on the same stones for rounds of limited time. Interested bidders would bid to its potential in every round till final high bid.

How can i increase my bid?

You can increase the bid by clicking on the suggested leading discount. If your competitor also bids in the first round, interested bidders would get chance for them to bid on another round,the above process repeats till the final highest bid. (Bidder would be eliminated if he/she doesn’t bid in every round).

What if, when one or more bidders has same top winning discount?

At that time, diamond goes to bidder who placed first bid.

Can I have a look on diamond physically?

Yes, one can have a look, in our Mumbai office at our working hours by taking appointment for your interested stone at your suitable time through our website/app.

I won the auction, now what is next?

You would get an update via email for the same, and for further proceedings our sales associate would contact you as soon as possible.

What is the “RAP Price” policy?

“RAP Price” of Thursday (result day) would be applicable on winning stones. If any RAP Price changes on the next day (Friday), Invoice would be calculated on price of Thursday, not in new RAP price.

JBS Payment condition

Payment should be done within 7 days after declaration of result, if payment not done within 7 days, would be charged 0.50%.

What if there is some dispute in bid/auction?

Management will see full log and make a decision. Management’s decision would be final.