This is how the business of gemstone merchant Thomas Schröck works

Austrian Thomas Schröck wears gems on his finger – and sells them en masse. On the lucrative trade in emeralds, rubies and sapphires and the question: are they a good investment?

By Benjamin Emonts

Thomas Schröck comes for a home visit in the Porsche Cayenne, but only in passing. Much more interesting is the large bag that his employee carries behind him devoutly, the Louis Vuitton brand. “Four million euros”, says Schröck of the contents of the elevator. Once at the top – the view over the rooftops of Munich – he then pulls out several leather boxes with emeralds, rubies and sapphires. He places a dark red cut ruby ​​on the back of his hand. How much does it cost? “It’s eight carats”, answers Schröck, “800,000 euros”.

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