1.5.4. “Companion” means persons, not exceeding two (and who shall be in the full time
employment of the Participant), duly nominated by the Participant to accompany the
Nominated Bidder;
1.5.5. “Gemfields” means Gemfields plc and/or its subsidiaries;
1.5.6. “Nominated Bidder” means the single individual who has been duly authorised by the
Participant to place bids during the Auction on behalf of the Participant in accordance
with these terms and conditions;
1.5.7. “Participant” means the company, organisation or individual bound by these terms and
conditions and on whose behalf bids will be placed during the Auction, and who has duly
appointed the Nominated Bidder and any Companions to participate in the Auction on its
behalf and in accordance with these terms and conditions;
1.5.8. “Schedules” means the collections of rough rubies of various grades and sizes made up by
Gemfields for the purposes of the Auction;
1.5.9. “Winning Participant” means any Participant who has placed a successful bid for a
Schedule.