Estate Diamond Jewelry’s Layaway Program allows you to reserve an eligible ring or jewelry item with an initial payment and pay the remaining balance over time. There is no interest or routine layaway service fee, and the jewelry is reserved for you once EDJ approves the plan and the initial payment clears.

Last updated: August 11, 2026

How the Layaway Program Works

  1. Select the ring or jewelry item you would like to reserve.
  2. Submit the form above or contact EDJ directly.
  3. Make an initial payment equal to at least 10% of the total transaction price, including applicable sales tax and disclosed charges.
  4. Pay the remaining balance through as many as ten monthly payments.
  5. Once the balance has been paid in full, EDJ will confirm your delivery or pickup arrangements.
  6. Your jewelry will be prepared and released after all payments have cleared.

You may pay the balance early without a penalty.

Plans extending beyond the standard payment period require EDJ’s written approval. Any approved schedule will be included in the customer’s layaway agreement.

Written Layaway Agreement

Before accepting the initial layaway payment, EDJ will provide a written transaction record identifying:

  • The jewelry being reserved
  • The total purchase price
  • Applicable sales tax and disclosed charges
  • The initial payment
  • The remaining balance
  • The payment schedule and duration
  • Any applicable cancellation or storage fees
  • The consequences of missed payments
  • The applicable refund and store-credit terms
  • Any authorized sizing, engraving, customization, or other services

The customer should review the agreement carefully and retain a copy with their payment records.

This Layaway Program Policy and the transaction-specific layaway agreement govern the purchase. The transaction-specific agreement controls if it contains more specific terms.

Reserving the Jewelry

After EDJ approves the layaway plan and the initial payment clears, the identified jewelry will be removed from ordinary availability and reserved for that customer.

The jewelry cannot be transferred to another customer, substituted, sold, shipped, or collected until the agreed balance and all other amounts due have been paid in full.

A layaway reservation may not be transferred or assigned to another person without EDJ’s written approval.

If EDJ is unable to provide the identified jewelry because it was lost, damaged, sold before the reservation was completed, or otherwise became unavailable through no fault of the customer, EDJ may cancel the plan and refund the amount collected.

Initial Payment and Monthly Payments

The standard initial payment is at least 10% of the total transaction price, including applicable sales tax and disclosed charges.

The remaining balance may ordinarily be paid through as many as ten monthly payments. EDJ may approve a different schedule in writing.

Only cleared payments are credited toward the layaway balance. A pending, declined, reversed, disputed, or charged-back payment is not considered a cleared payment.

Customers may make larger payments or complete the plan earlier than scheduled. There is no prepayment penalty.

Interest and Fees

EDJ does not charge interest or a routine service fee for using the standard Layaway Program.

The following charges may apply under the circumstances described in this policy:

  • A cancellation fee for certain cancellations made more than 30 days after the plan begins
  • A 20% return fee if an eligible completed layaway purchase is returned
  • Storage charges when fully paid jewelry remains unshipped or uncollected
  • Shipping, insurance, customs, or special-service charges when applicable
  • Bank, payment-network, wire-transfer, foreign-transaction, or currency-conversion charges imposed by a third party

Any transaction-specific EDJ charge will be disclosed before the customer enters the layaway plan.

Cancellation Within 30 Days

For a standard layaway purchase, the customer may cancel within 30 calendar days after the plan’s start date and receive a full refund of the amount paid to EDJ.

The plan’s start date is the date on which EDJ approves the plan and the initial payment clears.

The 30-day cancellation right does not apply after EDJ begins authorized custom work, engraving, special sourcing, Custom Advanced Resizing, or another irreversible service that makes the transaction noncancelable.

Cancellation After 30 Days

If the customer voluntarily cancels more than 30 calendar days after the plan begins but before completing payment, the customer may choose one of the following:

  1. Receive lifetime EDJ store credit for the full amount paid; or
  2. Receive a refund of the amount paid, less a cancellation fee equal to 20% of the amount paid.

The 20% deduction is a cancellation fee, not a restocking fee.

A customer who does not select an available option may have the amount paid converted to lifetime store credit.

Approved refunds will ordinarily be issued to the original payment method. Additional processing time may be required by the customer’s bank, card issuer, or payment provider.

Custom Work and Irreversible Services

Customers must obtain EDJ’s approval before requesting sizing, engraving, resetting, customization, special sourcing, or other work on layaway jewelry.

EDJ’s standard ring sizing does not ordinarily make the purchase noncancelable or final sale.

Custom work, engraving, special sourcing, Custom Advanced Resizing, and other irreversible services are different. EDJ will identify these services before beginning the work.

Once the customer authorizes one of these services and EDJ begins performing it, the layaway purchase becomes noncancelable. The customer remains responsible for completing the agreed payments.

Missed Payments and Automatic Cancellation

If EDJ does not receive a scheduled payment by its due date, the layaway plan becomes past due. The customer then has 30 calendar days after the missed due date to do either of the following:

  • Make the scheduled payment, or another payment accepted by EDJ; or
  • Contact EDJ and obtain written approval for a revised payment schedule or another arrangement

A proposed arrangement is not effective unless EDJ approves it in writing.

If 30 calendar days pass after the missed due date without EDJ receiving an accepted cleared payment or approving a written arrangement, the layaway plan will automatically be canceled. EDJ is not required to continue reserving the jewelry or provide an additional grace period.

When the plan is canceled:

  • The jewelry is released from the customer’s reservation
  • EDJ may immediately return the jewelry to its website and make it available for sale
  • EDJ will no longer be required to provide that specific item to the customer
  • The customer may receive either a refund of the amount paid, less the applicable cancellation fee, or lifetime EDJ store credit for the full amount paid

The cancellation fee is equal to 20% of the amount paid to EDJ. No cancellation fee is deducted when the customer chooses lifetime store credit.

EDJ will notify the customer of the cancellation using the telephone number, text number, or email address associated with the layaway plan. The full amount paid will become lifetime EDJ store credit unless the customer requests a refund, in which case EDJ will refund the amount paid less the cancellation fee.

A canceled layaway plan may be reinstated only with EDJ’s written approval. Reinstatement depends on whether the jewelry remains available and may require a new agreement, updated price, new payment schedule, or additional initial payment.

EDJ’s acceptance of a late or partial payment before cancellation does not automatically change future due dates. Any revised payment schedule must be approved by EDJ in writing.

Lifetime Store Credit

Store credit issued under the Layaway Program:

  • Does not expire
  • Does not incur inactivity or maintenance fees
  • Is not redeemable for cash
  • Is not transferable to another person
  • May be used only toward merchandise purchased from EDJ
  • May be used across multiple qualifying purchases
  • May be applied toward a new approved layaway plan
  • Applies toward merchandise at its price when the new purchase is made

EDJ may require identification or other verification before accepting store credit.

EDJ may temporarily suspend the use of store credit while investigating suspected fraud, an unresolved chargeback, a payment reversal, an identity dispute, or another question concerning ownership of the credit.

After the Layaway Is Paid in Full

EDJ will contact the customer after the balance and all other amounts due have been paid and cleared.

Because EDJ ships valuable jewelry, the customer must confirm that they are ready to receive the package and that an authorized adult will be available to sign for it. Customers collecting jewelry from the showroom must arrange an approved pickup time.

EDJ will not ship a high-value item solely because the final payment was received. Customers should not assume that the jewelry has shipped until EDJ provides tracking information.

Shipping and Pickup

Jewelry is not released until the purchase price, applicable sales tax, authorized services, and all other required charges have been paid and cleared.

Approved domestic purchases ordinarily include complimentary insured shipping to an approved address within the United States.

EDJ ordinarily uses overnight carrier service for domestic jewelry shipments. Overnight service refers to the carrier service selected after the jewelry is prepared and released. It does not mean the jewelry will ship on the day the final payment is made.

An adult signature is required unless EDJ approves another secure arrangement in writing.

International customers are generally responsible for shipping, insurance, customs duties, taxes, brokerage charges, bank charges, and other transaction-related expenses unless EDJ agrees otherwise in writing.

All shipments remain subject to EDJ’s Shipping Policy.

Returns After Completing Layaway

Completing a layaway plan does not automatically make an otherwise eligible standard purchase final sale.

An eligible completed layaway purchase may be returned under EDJ’s Return Policy. The customer must contact EDJ within 14 calendar days after documented delivery or pickup and follow the applicable authorization and shipping requirements.

A return fee equal to 20% of the total amount paid under the completed layaway applies. The remaining eligible amount will be refunded after EDJ receives and approves the return.

Custom work, engraving, special sourcing, Custom Advanced Resizing, final-sale jewelry, and other irreversible services remain nonreturnable when identified as such under the applicable agreement.

Warranty Coverage

Jewelry purchased through layaway receives the same One-Year Limited Warranty that applies to other qualifying EDJ purchases.

The warranty period begins on the date of documented delivery or pickup, not the date the layaway plan begins.

Any work performed on the jewelry by anyone other than EDJ or a jeweler expressly authorized by EDJ in writing completely voids the One-Year Limited Warranty. This includes sizing, repairing, polishing, cleaning, testing, resetting, custom engraving, soldering, stone tightening, component replacement, alteration, or other jewelry work.

Complete warranty terms are provided in EDJ’s One-Year Limited Warranty.

Payment Reversals and Chargebacks

EDJ may suspend or cancel a layaway plan if a payment is reversed, disputed, charged back, returned, or determined to be unauthorized.

The jewelry will not be released while a payment dispute or unresolved balance remains.

EDJ may require identity verification, replacement payment, reimbursement of actual payment-processing losses, or resolution of the dispute before reinstating the plan or accepting additional payments.

Relationship to Other EDJ Policies

Layaway purchases are also subject to EDJ’s:

  • Return Policy
  • Shipping Policy
  • One-Year Limited Warranty
  • Terms and Conditions
  • Privacy Policy
  • Transaction-specific written agreement

A signed invoice or layaway agreement controls when it contains more specific terms.

Contact Estate Diamond Jewelry

To begin a layaway plan, request a cancellation, make a payment, or discuss an existing plan, contact:

Estate Diamond Jewelry
M. Khordipour, Inc.
608 Fifth Avenue, Suite 503
New York, NY 10020

Email: info@estatediamondjewelry.com
Telephone: (212) 265-3868
Toll-free: (866) 853-9357