U.S. firm eyes RI diamond<\/p>\n
BANGKOK (DPA): American millionaire David Belle has been
\nsnapping up diamonds, some of them centuries-old heirlooms, from
\nrecession-hit Thais and plans to target cash-strapped Indonesians
\nnext, news reports said yesterday.<\/p>\n
Belle, after buying about 300 million baht (US$7.1 million)
\nworth of diamonds in South Korea, recently established the
\nAmerican Thai Buying Jewellery Company in Bangkok to purchase the
\ncast-off diamonds of Thailand's \"formerly wealthy,\" said the
\nBangkok Post.<\/p>\n
Company sources said the firm had already bought about 100
\nmillion baht (US$2.4 million) worth of diamonds, including some
\ncenturies-old heirlooms, for resale on the U.S. and European
\nmarkets.<\/p>\n
\"Some diamonds that the company has bought are more than 100
\nyears old, belonging to a well-known family,\" a company
\nspokesperson said, adding that the firm was attracting about 100
\ncustomers per day.<\/p>\n
After Thailand the U.S.- based group plans to set up a similar
\noperation to exploit the diamond mines of Indonesia, the news
\nreports said.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/us-firm-eyes-ri-diamond-1447893297",
"image": ""
},
"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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