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Bitmap Image  |  1994-01-19  |  276KB  |  610x450  |  8-bit (243 colors)
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OCR: FASHION ture is being expanded to facilitate operations for lo- cal and international deal ers. Many in the industry also think that the addi- tional infrastructure will be necessary to accommodate an anticipated, albeit artifi- cial, spurt in the industry in 1997, when many inves- tors may scramble from an uncertain situation in Hong Kong to a more stable one in Bangkok. ungaro Perhaps the only per- ceived flaw in Thailand's otherwise sparkling dia- mond industry is the 7 per cent value-added tax (VAT) introduced in January 1992. Aside from indirectly put- ungaro ting many locals out of work, the VAT has se- verely depressed the gem industry as a whole and, Marketed by Davidson Singapore Pte Ltd