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Originally Posted by friscofrankie  Quote: |
Originally Posted by Happyman If it was insured - and thats a big "if"- I would be surprised if the premium had been adjusted on an annual basis to reflect the alleged increase in value over the 15 years of ownership form a percentage of the purchase price (for 2 stones) of 500,000 baht - to the claimed present value of 315,000,000 baht for 1 stone ! | BUT this story is just too fuckin weird, man. most people have their high value gems insured, though. If you hold a gem for any length of time it would be wise to have to reappraised and the value adjusted from time to time.
Getting ripped off this way is just the ultimate in stupidity, or a scam of some sort. Quote: |
Originally Posted by momo8 Where did he stash it as he 'ran away' ? Down his pants? | 424 gram (2100 carat) diamond would have a bulk of about 120 cubic centimeters not a real large item. |
You would be amazed how many people do not !
In some societies ( Indian and Chinese in Malaysia for instance) they were reluctant to do so as they would have to declare their wealth and assets for various taxation reasons.
The loss adjusting company that I worked for at the time had a separate department purely dealing with claims for items underinsured due to their increased value - and they were busy !!!
