Investors left in the lurch as diamond firm Asia Fine Diamonds folds up

Owner of firm, which promises 30% returns, goes missing; staff not paid for two months

Along with other customers of Asia Fine Diamonds (AFD), Mr Stephen Yeo learnt the hard way that diamonds are not his best friend after his investment in rare coloured diamonds went awry.

Last December, Mr Yeo, 55, who works in the medical sector, invested $17,785.12 in a 0.21-carat round cut diamond – described as “fancy intense purplish pink” – from AFD. He never laid hands on it.

read more

Investors left in the lurch by Asia Fine Diamonds in Singapore

No Comments

Original Article published in The Straits Times in Singapore on April 4th 2016 view here

Customers were told to expect delivery of their diamonds one month after putting in their money. But they were advised that to avoid paying GST for their diamonds, AFD would store them in a Changi Airport facility, where they can view their purchases

read more

Asia Fine Diamonds

2 Comments

ITRA Singapore are currently looking for people that where scammed by Asia Fine Diamonds in Singapore.

We are putting a Class Action against them, we will help you get compensation for the amount you invested. This is a NO FEE -NO WIN process.

There scam was simple greed.

As reported by yourvoice.asia on Jan 2nd 2016 they are starting it again. Please read.

read more