Document:

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                                                                   Exhibit 10.19

                              PRIME INVESTMENTS SA
                            Saphir Building 1st Floor
                            63 Boulevard Prince Felix
                               L1513 - Luxembourg

                                                           as of August 15, 2002

Henry Birks & Sons Inc.
1240 Phillips Square
Montreal, Quebec  H3B 3H4

Attention:  Thomas A. Andruskevich

RE:  Diamond Inventory Supply Agreement

     Dear Sirs:

     We write to you to confirm our understanding with respect to your diamond
inventory needs. In accordance with the terms and conditions set out in this
letter, we or a related entity designated by us, will be entitled to supply you
and your subsidiaries and affiliates as of December 31st, 2002 (collectively,
"Birks") with at least 45% on an annualized cost basis in Canadian dollars of
your aggregate loose diamond requirements including Canadian diamonds if the
following conditions are met a) our prices remaining competitive relative to
market, and b) meeting your needs in terms of quality, cut, standards and
specifications. We shall also be required to provide you with satisfactory
evidence of origin for Canadian diamonds.

     To implement the foregoing, Birks will provide us, on at least an annual
basis -- during the early part of February [the first being due February,
2003(1) for the current calendar year] -- with the diamond requirements of Birks
and each of its subsidiaries and affiliates ("Requirements"). Such Requirements
will be broken down by each entity in the Birks group, and shall provide as much
detailed specifications as possible, including delivery requirements.

     Based on your Requirements, we will provide you, by the end of each
February, with the quotes for each requested category of diamonds (and for each
weight, color and clarity requested). Shortly after receipt of said quotes,
Birks will confirm its Requirements ("Confirmed Requirements") and its forecast
for the current year. These Confirmed Requirements will constitute an
understanding that prices quoted are deemed competitive for the purpose of this
agreement. If Birks is concerned about quotes received not being competitive
compared to market, Birks shall inform us and we both agree to reasonably
attempt to come to an agreement. The price quoted or agreed upon shall apply

----------
(1)  From the date hereof until the first Requirements ("Trial Period"), Birks
     will provide Prime (or its designee) with the first opportunity to fulfill
     Birks' special and supplemental requirements for loose diamonds. We hereby
     confirm that the attached quote (Attachment A) is valid for the Trial
     Period.

<PAGE>

Henry Birks & Sons, Inc.
August 15, 2002
Page 2

to all comparable items until submission of the next Requirements. By the end of
April, we will begin delivering according to your Confirmed Requirements.

     There shall be an annual reconciliation (conducted in approximately January
- February) to determine: (a) the actual amount of diamonds purchased by Birks
and by each of its subsidiaries and affiliates (and the cost thereof); and (b)
the percentage of those purchases supplied by us. The parties will thereafter
make reasonable attempts to adjust future transactions based on such
reconciliation and consistent with the obligations and rights created hereunder.

     We will provide you with an audit trail of the diamond manufacturing from
the Rough Stage to the Polished Stage as the production is from our NWT factory
and comes with a GNWT Certificate. In order to establish the provenance of
Canadian diamonds, it is understood that we assign unique diamond identification
numbers to each rough diamond, which can be tracked back to the original invoice
of the mine from which the original rough diamond was extracted. On your
invoice, this identification number, along with the rough diamond crystal
weight, will be indicated next to each polished diamond listed. In addition the
invoice will include a certification that each Canadian diamond listed has been
indeed mined from Canada. A copy of the original invoice from the mine clearly
identifying the parcel from which the rough diamond came will accompany the
invoice(s) to you.

     Accompanying this letter is a list of diamond parameters (Attachment B)
which, we are advised, provides details about what is and is not acceptable to
you. We understand that you only want to offer to your customers diamonds you
feel are cut to take maximum advantage of a diamond's ability to affect light.
The standards reflect the stringent characteristics necessary for a
top-of-the-line diamond. Our strict compliance with the attached parameters
shall in each instance be deemed acceptable.

     We understand that you will need a Sarin report with each diamond
submitted, each in its own stonepaper, to you for consideration for weights
above 0.18 ct. We understand that you only sell 1.00 cts.+ diamonds with an
accompanying GIA Diamond Report, along with your own Birks Diamond Certificate.
Therefore, we recognize that you must be comfortable with and agree with the GIA
report. Once you have approved the GIA diamond report, the diamond will be sent
back to GIA to laser engrave Birks' identification number and logo. On the
revised GIA report there will be notations that indicate your laser-engraving
trademarks. All diamonds sent for your review over one carat will have a
photocopy of the GIA report. We will also provide you with a copy of the GIA
report for each diamond less than one carat that has a GIA report.

<PAGE>
Henry Birks & Sons, Inc.
August 15, 2002
Page 3

     We understand that your present policy does not allow you to accept any
color lower than I color. We also understand that you are only purchasing those
diamonds that fall within the D-H, VS1-SI1 ranges. If agreeable, those diamonds
that are higher clarity (IF, VVS) may be consigned to you on a long-term basis,
the whole according to a satisfactory consignment agreement. We recognize that
you mount these diamonds in diamond engagement rings, and will request an
invoice for each as they are sold. Unless otherwise agreed, you understand that
we will not be able to laser engrave diamonds delivered on consignment

     We authorize you to laser-engrave 'Birks", a maple leaf, and your
identification number on the girdle. There should be no other identification
marks other than the Birks trademark and ID numbers on the diamonds. With the
above VVS+ consignment program, we understand that you would not require the NWT
ID # be removed, but would also require that your marks be laser-engraved on the
girdle. If a diamond is returned, you understand that your numbers would have to
be polished out.

     We agree to 60 days payment terms.

     We represent and warrant that our diamond weights are accurate, that all
diamonds are natural and not synthetic, that there will be no diamond
enhancement or treatment.

     We agree to comply and provide you with the information and documentation
required under the Voluntary Code of Conduct for Authentication of Canadian
Diamond propounded by Industry Canada, Competition Bureau, as may be amended
from time to time, a current copy of which is annexed (Attachment C).

     We understand that you and your subsidiaries may from time to time enter
into agreements whereby your subsidiaries will be required to present a proposed
purchase plan to an independent committee setting forth (i) a schedule of the
goods to be purchased from you for a fiscal year and (ii) the cost of such goods
(a "Purchase Plan"). We further understand that such independent committee shall
review the Purchase Plan and approve the Purchase Plan either (i) as proposed or
(ii) as modified by the independent committee in consultation with the
management of the subsidiary. We recognize that at any time during the pendency
of such agreement between you and your subsidiaries, the independent committee
shall have authority to investigate, audit, review or otherwise examine any
goods purchased or to be purchased hereunder from you, including without
limitation, the cost to you of such goods, the quality of such goods, your rate
of return, comparable goods, third-party vendors and other matters deemed
important by the independent committee. We both agree to use our best effort to
comply with the reasonable requests and directions of such independent committee
and we further agree to accept any determinations made by such committee with
respect to

<PAGE>
Henry Birks & Sons, Inc.
August 15, 2002
Page 4

diamonds to be provided by us to you or your subsidiaries. Such determinations
shall not reduce our continued entitlement to supply diamonds hereunder for the
future. Our obligations in this regard shall not require that we provide any
information or documentation that we deem to be confidential (such as pricing,
etc.)

     In the event that we or one of our affiliates takes any affirmative action
to reduce our initial investment in Birks (and for this purpose our failure to
convert our debenture by the fifth anniversary of the date of issuance shall be
deemed such affirmative action), our entitlement to supply your diamond needs
will be reduced as follows. For every percentage reduction from US$7.5 million
to US$5 million, there will be a proportionate reduction from 45% of your
diamond needs (at US$7.5 million) to 33% of your diamond needs (at US$5
million). For example, a reduction of US$1.25 million in our initial investment
of US$7.5 million to US$6.25 million will result in a reduction of our
entitlement to supply 45% of your diamond needs to 39% of your needs, i.e, 50%
of the difference between 45% and 33%. For every percentage reduction of our
initial investment below US$5 million, there shall be a corresponding reduction
in the percentage of diamonds to be supplied by us to you. As additional
example, if there is a further reduction from US$5 million to US$2.5 million our
entitlement shall be reduced from 33% to 16.5% Otherwise, this agreement shall
remain in full force and effect until terminated by either party on at least six
(6) months written notice.

     Any claim or dispute under this Agreement (including, but not limited to, a
determination as to whether there has been a material breach hereof) will be
resolved exclusively through arbitration in New York before and under the rules
and procedures of the New York Diamond Dealers Club. That forum will not be
empowered to resolve any disputes of any nature between user arising under any
other agreement.

     Finally, we understand that you may consider buying from time to time other
pieces of jewelry from our affiliates or us.

     If this meets with your approval, please return a signed copy of this
letter.

     Sincerely,

     PRIME INVESTMENTS SA

     By: /s/ Amit B. Bhansali
         ---------------------------------
             Name:  Amit B. Bhansali
             Title

<PAGE>

Henry Birks & Sons, Inc.
August 15, 2002
Page 5

     We agree to the terms hereof. Signed and accepted on August 15, 2002.

     HENRY BIRKS & SONS INC.

     By: /s/  Thomas A. Andruskevich
         -------------------------------------------------
              Name:  Thomas A. Andruskevich
              Title: President and Chief Executive Officer

<PAGE>

                                  ATTACHMENT B

               BIRKS DIAMOND STANDARDS -- FOR ROUND BRILLIANT CUT

     All round brilliant-cut diamonds must indeed be round, and not
out-of-round. Diamonds meeting the criteria listed below will meet Birks
Excellent-cut standards.

     COLOR:       D-I
     CLARITY:     IF-SI1
     PROPORTIONS:
     Table size:  <=63% for diamonds less than 0.18 ct. (melee)
                       53-60% for diamonds greater than or equal to 0.18 ct.

     crown height:     between 13.8 and 16.0%

     crown angles:     between 33.5 and 35.4 degrees

     girdle:           thin to slightly thick.

     pavilion depth:   between 42.5 and 44.0%

     total depth:      between 59.5 and 62.5%

     culet:            none to medium

     polish:           good to excellent

     symmetry:         good to excellent

     fluorescence:     none to medium

     OTHER PARAMETERS: Diamonds will NOT meet Birks' standards if they have:

               --   distinct and easily-louped polishing lines
               --   any fracture filling
               --   any laser drilling
               --   any open marks (cavities, pits, open feathers) on the
                    surface of the diamond
               --   chipped culets, pits, cavities

<PAGE>

               --   facets which are not symmetrical and do not align and point
                    properly
               --   very small facets and naturals will be accepted only on
                    diamonds less than 0.18ct.
               --   been processed using the GE treatment (High Temperature/High
                    Pressure)

     Unless otherwise notified, all diamonds 0.18 ct. or larger will be
submitted individually, with a Sarin label containing all the information listed
above attached to the stonepaper. The label should also contain the cutter/
supplier's name and the memo number.<PAGE>

                                                                   Exhibit 10.20

                           CONDITIONAL SALE AGREEMENT

MEMORANDUM OF AGREEMENT made as of the 15th day of August 2002.

BY AND BETWEEN:                    ROSY BLUE N.V., a corporation
                                   having an office in Antwerp, Belgium
                                   (hereinafter the "Seller")

AND:                               HENRY BIRKS & SONS INC., a corporation
                                   governed under the laws of Canada, having
                                   its Head Office at 1240 Phillips Square,
                                   Montreal, Quebec, H3B 3H4 (hereinafter the
                                   "Buyer" or "Birks")

        WHEREAS the Seller has agreed to sell from time to time the goods
described in Appendix A attached hereto (the "Goods"), to the Buyer, the whole
upon the terms and conditions hereinafter set forth in this Agreement;

        NOW, THEREFORE, THIS AGREEMENT WITNESSES THAT IN CONSIDERATION of the
mutual covenants hereinafter set forth and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto agree as follows:

         1.  The Buyer agrees to buy the Goods selected by the Buyer shipped
from time to time by the Seller.

         2.  The title to, property and ownership in any Goods now or hereafter
in the possession of the Buyer are and shall remain with the Seller and subject
at all times to the direction and control of the Seller and free from any and
all claims, demands, charges and liens whatsoever, until the entire purchase
price thereof, or any outstanding balance thereon, have been fully paid to the
Seller in accordance with the provisions of this Agreement. To secure the full
payment of the entire purchase price of the Goods, or of any outstanding balance
thereon, the Buyer hereby grants and conveys, to the Seller, a security interest
in all the Goods purchased hereunder as well as a security interest in the
proceeds of sale of the Goods. Notwithstanding the foregoing, for the purposes
of the laws of the province of Quebec, this agreement constitutes an instalment
sale agreement pursuant to articles 1745 to 1749 of the Civil Code of Quebec and
until full payment of the entire purchase price or of any outstanding balance
thereof or of any other sums payable under this agreement, the title to and
ownership of the Goods, replacement and proceeds of sale thereof, shall remain
in the Seller, but at Buyer's risk. Furthermore, for the purposes of the laws of
the province of Quebec, in order to secure all its obligations under this
Agreement, the Buyer hereby hypothecates to and in favor of the Seller, the
proceeds of any sale or other disposition of the Goods and any debts resulting
from such sale or other disposition as well as any insurance or expropriation
indemnity payable in respect of the foregoing, to the extent of the sum of CDN$
1,600,000 with interest thereon at the rate of twenty-five percent (25%) per
annum.

         3.  The Goods and any proceeds of sale thereof, from the date of
shipment of the Goods to the Buyer until such time as the unsold Goods are
returned by the Buyer to the Seller or

<PAGE>

until  the  Seller  has been paid in full the  price of all such  Goods  sold in
accordance with this Agreement, shall be at the absolute risk of the Buyer.

         4.  The Buyer acknowledges that the Goods are personal property and
shall be collateral for all purposes under applicable conditional sale and
personal property legislation. The Seller shall be entitled to file this
agreement as a security agreement, conditional sales contract, instalment sale
agreement, or otherwise and/or to file a financing statement, RD Form, or other
document to evidence the security interest granted to the Seller hereunder and
the reservation of title with the Seller. The Buyer hereby appoints the Seller
as its agent and attorney-in-fact to execute any financing statement, RD Form,
or other document which may be required to perfect Seller's security interest
hereunder. The Buyer hereby waives the right to receive a copy of any fixtures
notice and any financing statement filed by the Seller relating to this
agreement, or any verification statement issued by any personal property
registry (including the Saskatchewan Personal Property Registry) that relates to
any such financing statement. The parties hereto agree that The Land Contracts
(Actions) Act (Saskatchewan) shall have no application to any action as defined
in such Act with respect to this Agreement and that The Limitation of Civil
Rights Act (Saskatchewan) shall have no application to this Agreement.

         5.  The Buyer hereby agrees:

             5.1    to maintain the Goods in its premises set out in Appendix A
                    attached hereto (the "Stores");

             5.1    to identify and hold the Goods separately, and to hold
                    separately in a segregated account the proceeds arising from
                    the sale of the Goods, in both cases as a gratuitous deposit
                    for and on behalf of the Seller, until the purchase price
                    for the Goods has been paid in full;

             5.2    to indemnify, defend and hold the Seller harmless from and
                    against all damage, depreciation or loss (hereinafter
                    referred to as a "Loss") of or to the Goods, including,
                    without limiting the generality of the foregoing, Loss due
                    to pilferage, fire, theft, disappearance, destruction,
                    flooding, deterioration or otherwise, and to maintain in
                    force, an insurance policy or policies, at its own expense,
                    for the duration of this Agreement, providing coverage
                    against such Loss with reputable insurers for the full
                    replacement value thereof. The Seller shall be added as loss
                    payee with regard to the Goods in said insurance policy or
                    policies and evidence thereof shall be provided to the
                    Seller upon request;

             5.3    to keep the Goods and the proceeds therefrom free and clear
                    from any lien, charge, hypothec, security interest or
                    encumbrance whatsoever;

             5.4    to pay all business and other taxes imposed on the Goods or
                    the location thereof, by reason of this Agreement;

             5.5    to collect and remit to the appropriate authorities all
                    taxes, rates, fees, levies or other amounts due by virtue of
                    its sale of the Goods to any third party and to indemnify,
                    defend and save the Seller harmless from and against any
                    liability which may be incurred by the Seller in respect of
                    such taxes, rates, fees, levies or other amounts;

<PAGE>

             5.6    to maintain a separate set of books and records showing the
                    separate transactions made by the Buyer in respect of the
                    Goods, which shall be up-to-date and accurate, and to make
                    available on the Buyer's premises such books and records for
                    inspection by the Seller from time to time during business
                    hours, which inspection shall be made by the Seller without
                    unduly disturbing the Buyer's business;

             5.7    to use its best efforts to sell the Goods to its customers
                    in the ordinary course of business.

         6.  Upon sale by the Buyer of any of the Goods, the Buyer shall
forthwith, and in any event within thirty (30) days from the date on which the
sales report (reporting the sale of such Goods) would be due, remit complete and
full payment to the Seller of the agreed upon purchase price for the Goods, the
Buyer hereby expressly acknowledging the Seller's rights of ownership to said
proceeds arising from the sale thereof until full payment of the purchase price
for the Goods to the Seller. Any item from among the Goods which is returned to
the Buyer for credit within such thirty (30) day period will be treated as if
the sale had not occurred. The purchase price for the Goods are as stated in
Appendix A.

         7.  The Buyer agrees to furnish to the Seller on a monthly basis (on or
before the 15th day of each month) a separate sales report indicating all sales
of the Goods in its possession for the prior month.

         8.  During the annual physical inventory conducted by Buyer, Buyer
shall prepare and submit to Seller, within sixty (60) days after the completion
of such inventory, a report reconciling Seller's outstanding Goods to physical
inventory on hand (the "Reconciliation Report"). The shrinkage evidenced by the
Reconciliation Report shall be deemed to reflect sales of Goods to be paid for
in accordance with the payment terms of this Agreement. The Reconciliation
Report shall be signed by the Seller and Buyer to certify their agreement to the
contents thereof.

         9.  The Seller shall have the right for the duration of this Agreement,
to send an employee or representative to any of the Stores at any time during
normal business hours, to examine and count the Goods, and the Buyer will extend
all reasonable assistance in connection therewith. The Seller undertakes to
exercise such right in a reasonable way.

         10. In the event of a discrepancy in inventories between the inventory
provided by the Buyer and a physical count of the Goods, the latter shall
prevail, and the Seller shall immediately issue an invoice or a credit note to
the Buyer, as the case may be, to make the necessary adjustments. All invoices
and credit notes issued pursuant to this clause shall be payable upon receipt
thereof by the Buyer, and the Goods referred to therein shall be invoiced or
credited, as the case may be, at the stipulated price.

         11. The Buyer represents to and warrants and covenants and agrees
with the Seller as follows:

             11.1   it is a corporation legally incorporated and validly
                    existing, in good standing, under the laws of the Canada,
                    with full corporate power to enter into this Agreement;

<PAGE>

              11.2   the entering into of this Agreement and the performance of
                     the Buyer's obligations hereunder have been duly authorized
                     by all necessary corporate action on its part;

              11.3   the making and performance of this Agreement will not
                     result in the breach of, constitute a default under,
                     contravene any provision of, or result in the creation of
                     any lien, charge, encumbrance or security interest upon any
                     of its property or assets pursuant to any of its stocks,
                     bonds, notes or debentures outstanding, or any agreement,
                     indenture or other instrument to which it is a party or by
                     which it or its property may be bound or affected;

              11.4   on the date hereof, the Buyer's only right, title and
                     interest in and to the Goods is hereunder and the Buyer
                     owns no Goods or other products of the Seller;

              11.5   except in the case of the Stores located at 87 King Street,
                     Saint John, New-Brunswick, Canada, in respect of which it
                     is the owner of such premises, it is the tenant under each
                     of the leases for the premises where the Stores are
                     located, that all rent due by it under such leases is
                     current and not in arrears and that it is not in default of
                     any terms of any leases as of the date of execution hereof.

         12.  The term of this Agreement shall commence on the date hereof and
shall continue for an indefinite term, provided that (i) the Seller shall be
entitled to terminate this Agreement immediately upon ten (10) days notice to
the Buyer for any reason determined to be appropriate by the Seller; and (ii)
the Buyer shall be entitled to terminate this Agreement upon ten (10) days
notice to the Seller for any reason determined to be appropriate by the Buyer.

         13.  Upon termination of this Agreement:

              13.1   the Buyer agrees, at its sole expense, to return to the
                     Seller or to deliver forthwith to the address and in a
                     manner designated by the Seller, all unsold Goods;

              13.2   the Seller shall have, in addition to any other rights and
                     remedies provided by law, the absolute right to take
                     possession of and remove its Goods without process of law
                     and for that purpose may enter at any time any premises
                     where the Goods are situated.

         14.  No waiver by the Seller of any default shall operate as a waiver
of any other default and the terms of this Agreement shall be binding upon the
successors and assigns of the parties hereto. In particular, but without
restriction, the acceptance by the Seller of payments on dates other than those
when such payments are required to be made pursuant to this Agreement shall not
constitute a waiver of any rights of the Seller pursuant to this Agreement nor
any implicit or explicit amendment to the terms of this Agreement.

         15.  The Seller may, at any time, irrespective of default or
termination of this Agreement, remove or cause to be removed any or all of its
Goods from the possession of the Buyer. The Buyer agrees not to remove the
Seller's unsold Goods from the Stores, other than by sale in the ordinary course
of the Buyer's business, without the prior written consent of the Seller.

<PAGE>

         16.  Notwithstanding any termination of this Agreement, each party
shall continue to be liable for all of its unfulfilled obligations to the other
incurred prior to or upon such termination.

         17.  The Buyer agrees to immediately advise and inform the Seller, in
writing, in the event of seizure before or after judgment of the Goods in any of
the Stores, or in the event Buyer becomes insolvent or bankrupt or goes into
liquidation or receivership, either voluntarily or under an order of a court of
competent jurisdiction, or makes a general assignment for the benefit of its
creditors or otherwise acknowledges itself insolvent. The Buyer agrees to assist
the Seller in retaking immediate possession of its unsold Goods not yet returned
to the Seller and any and all proceeds of sale.

         18.  The Parties agree that all values and amounts contemplated in this
Agreement and related documents are in United States currency unless indicated
otherwise.

         19.  This Agreement is personal in character and shall not be assigned
by the Buyer. This Agreement does not constitute the Buyer an agent of the
Seller. Nothing in this Agreement shall be deemed to constitute either of the
Parties the partner of the other and it is understood and agreed that the
relationship between the Parties is that of independent contractor. The terms
and conditions of this Agreement are set out in full herein and there is no
agreement, warranty or condition whereby the terms and conditions hereof can be
modified in any manner whatsoever otherwise than by a written amendment executed
by the authorized representatives of the Parties.

         20.  Any notice or other written communication permitted or required to
be given hereunder shall be in writing and shall be given by delivery or sent by
telecopier or similar telecommunications device and addressed:

              20.1  to the Seller at:

                           ROSY BLUE N.V.
                           Hoveniersstraat 53, Box 127
                           2018 Antwerp
                           Belgium

              20.2  to the Buyer at:

                           HENRY BIRKS & SONS INC.
                           Attn:  Vice President Merchandising
                           Copy to Vice president General Counsel
                           1240, Phillips Square
                           Montreal, Quebec
                           H3B 3H4

or such other address as may be designated from time to time in accordance with
this section, and shall be deemed to have been received if sent by telecopier or
similar telecommunications device on the next business day following such
transmission or, if delivered, to have been given and received on the date of
such delivery.

         21.  The remedies of the Seller hereunder, at law and in equity, are
cumulative and are not exclusive of one another. The exercise of one or more
remedies shall not prevent the Seller

<PAGE>

from exercising any or all other rights it may have. The acceptance by the
Seller of any payment after default by the Buyer hereunder shall not operate to
extend the time of payment of any amount then remaining unpaid hereunder or
constitute a waiver of any of the other rights of the Seller and any extension,
latitude, benefit or indulgence granted by the Seller shall not in any way
prevent the Seller from requiring the Buyer, thereafter, to make strict and
punctual payments and performance of the terms and conditions of this Agreement.

         22.  This Agreement constitutes the entire agreement between the
parties with respect to the subject matter hereof and may be modified only by an
instrument in writing signed by both parties.

         23.  The introductory paragraph hereto and Appendix A annexed to this
Agreement are an integral part of this Agreement.

         24.  Words importing the singular number only shall include the plural,
and vice versa, and words importing the masculine shall include the feminine
gender, and words importing general persons shall include entities and
corporations and vice versa.

         25.  The Buyer agrees to sign any document that may be necessary in the
opinion of the Seller in order to give effect to and implement the foregoing.

         26.  This Agreement shall be governed by the applicable conditional
sale and personal property legislation in the Province or Territory where the
Goods are located as such place of location is indicated on Appendix A. The
parties agree that all claims and disputes arising out of or in connection with
this Agreement shall be adjudicated exclusively in the Courts of the Province or
Territory where the Goods are located as such place of Goods is indicated on
Appendix A. Buyer consents to the jurisdiction of the Courts of the Province or
Territory where the Goods are located as such place of Goods is indicated on
Appendix A.

         27.  This Agreement may be executed in two or more counterparts, each
of which shall be deemed an original, but all of which together shall constitute
one and the same instrument.

         28.  The parties have requested that this Agreement and its related
documents be drawn up in English. Les parties ont exige que la present
convention et les document s`y rattachant soient rediges en anglais.

        IN WITNESS WHEREOF the parties have executed this Agreement as of the
date first written above.

SELLER                                         BUYER

ROSY BLUE N.V.                                 HENRY BIRKS & SONS INC.

Per: /s/ Amit B. Bhansali                      Per: /s/ Thomas A. Andruskevich
     --------------------------                     ----------------------------
<PAGE>

                                   APPENDIX A
           TO THE CONDITIONAL SALE AGREEMENT DATED AUGUST 15TH, 2002,
               BETWEEN ROSY BLUE N.V. AND HENRY BIRKS & SONS INC.

--------------------------|-----------------------------|-----------------------
   DESCRIPTION OF GOODS   |       PRICE PER ITEMS       |   LOCATION OF GOODS
--------------------------|-----------------------------|-----------------------
                          |                             |
--------------------------|-----------------------------|-----------------------
                          |                             |
--------------------------|-----------------------------|-----------------------
                          |                             |
--------------------------|-----------------------------|-----------------------
                          |                             |
--------------------------|-----------------------------|-----------------------
                          |                             |
--------------------------|-----------------------------|-----------------------
                          |                             |
--------------------------|-----------------------------|-----------------------
                          |                             |
--------------------------|-----------------------------|-----------------------
                          |                             |
--------------------------|-----------------------------|-----------------------
                          |                             |
--------------------------|-----------------------------|-----------------------

ROSY BLUE, INC.                              HENRY BIRKS & SONS INC.

Per:                                         Per:
       -------------------------------              ----------------------------

Dated:                                       Dated:
       -------------------------------              ----------------------------

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