The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sector this year, spiked on Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.The Fedread more
J.P. Morgan's chief quant says oil prices would start to hurt stock prices when they hit the $80 to $85 range.Market Insiderread more
Walmart said Monday it's relaunching the once-beloved trendy New York fashion brand, Scoop NYC, on its website nationwide and in select stores.Retailread more
Gas prices could rise by about 20 cents per gallon "starting tomorrow," oil analyst Andy Lipow says Monday.Oil and Gasread more
An oil processing facility at Abqaiq and the nearby Khurais oil field was attacked on Saturday.Marketsread more
The subpoeana from Manhattan District Attorney's Cyrus Vance Jr.'s , for President Donald Trump's tax returns, was issued last month to Trump's accounting firm, Mazars.Politicsread more
We've all heard of the song "Diamonds Are a Girl's Best Friend," but it seems diamonds are also becoming an investor's best friend.
Rough diamond prices have jumped nearly a third since 2005 and are likely to rise another 20 percent by 2017, bolstered by demand in Asian economic powerhouses China and India, according to wealth research firm Wealth-X.
Record prices of these baubles have been making headlines lately. A pear-shaped 101.73 carat "flawless" diamond, for example, sold for a record $27 million to luxury jeweler Harry Winston at a Christie's auction in Geneva.
It's no surprise that many investors want in on the action.
According to net worth data provided by Wealth-X, as of July 15, 2013, the world's richest diamond owners consist of collectors, dealers, business owners as well as investors who have stakes in some of the world's biggest diamond mines.
Some of the individuals on our list are also known to own some of the rarest and most expensive diamonds ever found.
So, who are the world's top 10 billionaire diamond owners? Click ahead to find out.
Posted: July 25, 2013
By Rajeshni Naidu-Ghelani