Art Karat executed a illegal sales contract as per FTC (Federal Trade Commission) Cooling-off Rule rule.The Federal Trade Commission's (FTC's) Cooling-Off Rule gives you three days to cancel purchases of $25 or more if you buy an item in your home or at a location that is not the seller's permanent place of business. Under the Cooling-Off Rule, the salesperson must tell you about your cancellation rights at the time of sale. The salesperson also must give you two copies of a cancellation form (one to keep and one to send) and a copy of your contract or receipt. The FCC rule can be seen here:

http://www.ftc.gov/bcp/edu/pubs/consumer/products/pro03.shtm

Art Karat did none of the above, it sold a order to customize Jewelry to my wife in a hotel exhibition (located far away from its business location in New York) and specified a illegal (as per above FTC rule) "no-return" policy in its sales contract. Neither did it inform my wife of her cancellation rights or provide her with cancellation forms. When my wife tried to cancel the contract (within 24 hours in fact), its representatives simply refused even though the contract was illegal. I complained to my credit card company and referred to the FCC rule. The credit card company subsequently ruled in my favor.

I would suggest to all those who have been victimized by Art Karat's violation of FCC rule on the cooling off period should ask for a refund from there credit card companies. The credit card companies are under contractual obligation to rule in your favor in case of illegal transactions such as this one conducted by Art Karat. One can also take Art Karat to small claims court to get a refund.