BlackRock Inc is planning to raise $3.5 billion for investments in energy infrastructure in what is poised to be its largest alternative investment fund yet, an executive at the world’s […]
The $80 billion mined-diamond industry is at a tipping point as man-made diamonds are offering consumers a new option. When consumers are given a choice between buying a 1 carat […]
Salvator Mundi, the long-lost Leonardo da Vinci painting of Jesus Christ commissioned by King Louis XII of France more than 500 years ago, has sold at Christie’s in New York for $450.3m, including auction house premium, shattering the world record for any work of art sold at auction.
The work had carried a guarantee understood to be around $100 million, so it was a certainty to sell, but the bidding blew past that number quickly and kept going over the course of 19 minutes.
Private helicopters can be a valuable travel option offering superior convenience, comfort, and control for high net worth individuals and families. Malta is at the forefront of aviation industry for the variety of services it can offer, its favourable tax regime and its high regulatory standards.
The Alternative Investment Fund Managers Directive (AIFMD) was introduced in 2013. The aim of the Directive is to regulate the provision of fund management services by fund managers to alternative investment funds. As such, it also introduces rules on the marketing of AIFs in the European Union. Malta, being a member of the EU, has fully transposed and implemented the AIFMD which has formed part of Maltese law for over three years.
Fancy diamonds are considered to be true works of art, comparable only to priceless paintings and other items that elude conventional valuation standards: their value is the result of a series of factors determining a unique price that cannot be obtained with a sterile calculation.
The forecasts by the World Gold Council, in the Metals Focus Database of Mines, suggest irreversible trends: extracting gold, just like extracting diamonds, will be increasingly costly and difficult.