Diamonds Sparkle As Asset Investment For Ultra Wealthy

            Diamonds Sparkle As Asset Investment For Ultra Wealthy

Hong Kong billionaire Yu Tung Cheng tops the list of avid billionaire
collectors

PR Newswire

NEW YORK, July 3, 2013

NEW YORK, July 3, 2013 /PRNewswire/ --When Hong Kong millionaire Tiffany Chen
revealed last month she had paid US$11.15 million for what Christie's auction
house calls "the largest and most perfect briolette diamond ever sold at
auction", it signaled a trend among the world's ultra net worth (UHNW)
individuals: investing in diamonds makes more sense than stocks and gold.

UHNW investors and gem collectors are investing in diamonds as a secure and
lucrative asset in the current low-interest, uncertain financial climate,
according to Wealth-X, the UHNW business development solution for private
banks, luxury brands, educational institutions and non-profits, which has
released a list of the world's most avid billionaire collectors based on net
worth.

"Based on our data, we expect the UHNW population, particularly in countries
such as diamond-hungry China and India, to accelerate," Wealth-X CEO Mykolas
D. Rambus said. "This can only mean one thing for diamonds as an investment of
choice among UHNW individuals: They have a sparkling future."

Rough diamond prices have increased by nearly a third since 2005 andare
likely to rise a further 20 percent between 2013 and 2017, bolstered by demand
from China and India.

Hong Kong billionaire Yu Tung Cheng, honorary chairman of Chow Tai Fook
Jewellery Group, is the wealthiest billionaire diamond collector with a net
worth of US$19.6 billion. In 2010, he paid US$35.3 million for a 507-carat
diamond, a record sum for a rough diamond. Since Cheng made his fortune
through diamonds and other gems, he has named his racing horses "King of
Diamond" and "God of Diamond".

Others in the list include Nicky Oppenheimer, who owns Tswalu Kalahari
Reserve, South Africa's largest private game reserve. He ranks at number 2
with a net worth of US$6 billion.British billionaire Laurence Graff comes in
at 5^th place with a net worth of US$2.1 billion. Graff, who founded high-end
jeweller Graff Diamonds in 1960, has seen his business empire expand with at
least 32 stores worldwide.

For the full list, please visit:
http://www.wealthx.com/articles/2013/worlds-five-most-avid-billionaire-diamond-collectors

About Wealth-X

Wealth-X provides detailed intelligence on ultra high net worth (UHNW)
individuals globally. The firm's Wealth-X Professional solution is the
standard for banking, marketing and not-for-profit professionals working with
the ultra affluent.

For more information about Wealth-X, visit: www.wealthx.com 

SOURCE Wealth-X

Website: http://www.wealthx.com
Contact: Wealth-X, +65 68325169, press@wealthx.com