Sriwipa Siripunyawit of the Bangkok Post News writes that even with inflation, Thai collectors continue to buy watches and jewelry:
Luxury timepieces and jewellery continue to top the list of most-desirable collectibles among Thai investors. Even inflation has failed to shake the spending power of these connoisseurs.
According to Wannida Sae Tieo, the country manager for Sotheby’s auction house in Thailand, business in the local market last year went very well.
Demand for luxury collectibles, particularly premium watches and jewellery, has kept growing over the past few years.