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Business > Financial Advice

A diamond is forever, and not just for show. Local jewellery entrepreneur says precious stones offer unique advantages as investments.

Published: 19/09/2011 at 02:50 AM
Newspaper section: Business

Diamonds are the best investment you can make for the future of your children. At least, this is what Thanop "Mark" Eiamamornpan of the upscale Frank's Jewelry & Watch Boutique, believes.

Next year, Mr Thanop will make a comeback in the diamond investment industry with Mark & Fon by Franks, a diamond jewellery brand catering to customers interested in buying diamonds as a long-term investment.

"What gives diamonds comparative advantage over gold and banknotes is portability," Mr Thanop said.

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Writer: Soonya Vanichkorn & Darana Chudasri

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Asian Hand
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Discussion 1 : 20/09/2011 at 09:58 AM1
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There is no shortage of diamonds in the world. The supply is controlled by one company - DeBeers and with that the price. Good luck on recovering the value of your diamond within a lifetime. The mark up at the retail level is staggering - 100% or greater. If you bought a diamond in the last 5 years - go back to a store and find out what they would actually pay you for it. You would be shocked. Perhaps after you die and your grandchildren go to sell it - they may make a profit. Diamonds should be regarded as a purely emotional purchase - that is how DeBeers created the market that continues to his day. Diamonds as an investment, you have got to be kidding.
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Sparkling returns | Bangkok Post: business