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71 per cent of Asia’s young adults prefer clear planning, with 69 per cent optimistic about their financial future despite prevailing uncertainty

HONG KONG SAR – Media OutReach Newswire – 7 January 2026 – Asia’s young adults are taking a structured approach to managing their finances, according to a new study published by Prudential plc (“Prudential”), the leading Asia and Africa insurer. The research, titled “Financial Mindset of Young Adults in Asia”, finds that more than seven in 10 respondents (71 per cent) choose clear planning over spontaneity, maintaining consistent insurance and investment habits. This pragmatism is coupled with optimism: nearly 70 per cent believe their personal finances will improve in the next five to 10 years.

The study surveyed over 5,300 young adults aged 20-35 across seven Asian markets, including Hong Kong, Indonesia, Malaysia, the Philippines, Singapore, Taiwan, and Thailand, aiming to take a pulse on this dynamic generation’s insurance and investment experiences, preferences, and attitudes.

A Generation of Financial Pragmatists

The majority of Asia’s young adults believe living in uncertainty is now the norm (63 per cent), citing financial security as their top life concern (77 per cent), surpassing family responsibilities (53 per cent), health (52 per cent), career and education (42 per cent). Close to 60 per cent report focusing more on the future over enjoying the present moment.

Amidst this prevailing sense of unpredictability, young Asians maintain a positive personal financial outlook. Sixty-four per cent express confidence that they will have enough money to fund retirement.

In terms of financial management, more than half of young adults (53 per cent) seek a balance of smart investment strategies with freedom to enjoy life. Flexibility remains a defining preference, with 62 per cent of respondents favouring financial solutions that evolve alongside their lives and aspirations, rather than adhering rigidly to one style of saving or investing.

A measured risk profile with a long-term perspective also defines how young adults in Asia approach investment. They are balanced between high-risk investments for higher returns (42 per cent) and safe, low-risk options such as fixed deposits to safeguard savings (40 per cent). Nearly 60 per cent prefer investment instruments designed to be held for an extended period, reflecting an orientation toward sustainable financial growth.

Priscilla Ng, Chief Customer and Wealth Officer at Prudential plc, said: “Prudential is committed to empowering people across all life stages, including young adults, to shape their future, protecting possibilities and nurturing every promise. Today, Asia’s median age is just 32.5 years¹, highlighting a vibrant and youthful population. This generation is redefining how financial management and security is approached, with unique priorities and expectations. Understanding their perspectives helps us tailor solutions that are simple, accessible, and relevant to their needs.”

Digital Ease, Human Expertise

The survey further reveals that young adults in Asia are navigating their insurance and investment journey through a blend of digital convenience and human support. With the prevalence of digital tools, 61 per cent of respondents feel confident researching and selecting products on their own, and 54 per cent are confident managing their portfolio independently.

Yet, human touchpoints remain highly valued: 64 per cent prefer consulting financial advisers for life or health insurance decisions and ongoing support, especially when handling complexities in coverage details (70 per cent) and the claims process (68 per cent). At the same time, digital platforms are favoured for real-time financial management, reflecting a growing demand for hybrid insurance and investment experiences that integrate technology and personal guidance – an approach that strongly resonates with today’s pragmatic young adults.

Millennials and Gen Z are expected to make up about half of Asia-Pacific’s consumers by 2030². For insurers, this means reimagining engagement with this segment through simple, accessible products and innovative, empathetic experiences that blend data, technology, and human understanding, said Ms. Ng.

Explore the detailed findings in the full report.

¹ United Nations’ World Population Prospects 2024
² Eastspring Investment: Asia’s consumer-fuelled growth, September 2025Hashtag: #Prudential

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About the report

Financial Mindset of Young Adults in Asia is a Prudential commissioned report, delving into the insurance and investment experiences, preferences and attitudes of 5,348 people aged 20-35 in seven Asian markets. through online quantitative survey. The survey was conducted in July-August 2025.

About Prudential plc

Prudential provides life and health insurance and asset management in Greater China, ASEAN, India and Africa. Prudential’s mission is to be the most trusted partner and protector for this generation and generations to come, by providing simple and accessible financial and health solutions. The business has dual primary listings on the Stock Exchange of Hong Kong (HKEX: 2378) and the London Stock Exchange (LSE: PRU). It also has a secondary listing on the Singapore Stock Exchange (SGX: K6S) and a listing on the New York Stock Exchange (NYSE: PUK) in the form of American Depositary Receipts. It is a constituent of the Hang Seng Composite Index and is also included for trading in the Shenzhen-Hong Kong Stock Connect programme and the Shanghai-Hong Kong Stock Connect programme.

Prudential is not affiliated in any manner with Prudential Financial, Inc. a company whose principal place of business is in the United States of America, nor with The Prudential Assurance Company Limited, a subsidiary of M&G plc, a company incorporated in the United Kingdom.

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United Arab Emirates will assume the presidency of the Middle East and North Africa Financial Action Task Force in 2026, placing the country at the centre of regional efforts to strengthen safeguards against money laundering, terrorist financing and the proliferation of illicit funds. The appointment comes at a time when the bloc is seeking tighter coordination among member states as cross-border financial flows grow in scale and complexity.

MENAFATF brings together 21 jurisdictions across the Middle East, North Africa and neighbouring regions, representing a combined gross domestic product estimated at more than $3 trillion. The organisation functions as the regional body aligned with the global Financial Action Task Force standards, conducting peer reviews, issuing guidance and supporting members as they implement international rules designed to protect financial systems from abuse.

The decision for the UAE to lead the organisation follows its expanding role in financial regulation and enforcement across the region. Federal authorities have invested heavily in strengthening supervision of banks, exchange houses, designated non-financial businesses and professions, while also expanding cooperation with international counterparts. Officials involved in the process describe the presidency as recognition of the country’s progress in aligning domestic frameworks with global benchmarks and its capacity to convene consensus among diverse economies.

During its term, the UAE is expected to steer MENAFATF’s strategic agenda, including the scheduling of mutual evaluations, thematic studies and capacity-building programmes. These initiatives are central to helping member states address gaps identified in national risk assessments and respond to emerging typologies such as the misuse of virtual assets, trade-based money laundering and complex ownership structures.

Regulatory specialists say the presidency carries influence beyond administrative oversight. The chair country plays a pivotal role in shaping discussions on policy priorities, coordinating technical assistance and representing the region in dialogue with global standard-setters. This places added scrutiny on how effectively the bloc can balance the varied economic structures and legal systems of its members while maintaining consistent application of standards.

The UAE has signalled that cooperation and practical implementation will be key themes of its tenure. Policymakers have spoken about deepening information-sharing among financial intelligence units, enhancing public-private partnerships and supporting jurisdictions that face capacity constraints. Such measures are viewed as essential for raising overall compliance levels and reducing vulnerabilities that can be exploited across borders.

MENAFATF members span hydrocarbon-rich Gulf economies, large consumer markets in North Africa and smaller states with developing financial sectors. This diversity has historically posed challenges in achieving uniform progress. Analysts note that leadership will need to balance ambition with pragmatism, ensuring that reforms are realistic and tailored to local contexts while still meeting international expectations.

The presidency also coincides with broader shifts in the region’s financial landscape. Digital payments, fintech platforms and virtual assets have expanded rapidly, creating new opportunities for inclusion but also new risks. Addressing these developments requires updating supervisory tools, training regulators and fostering dialogue with technology providers. Observers expect the UAE to push for clearer regional guidance in these areas, building on its own experience in regulating emerging financial services.

Another area likely to feature prominently is the effectiveness of enforcement. While many jurisdictions have strengthened legal frameworks, translating laws into successful investigations and prosecutions remains uneven. MENAFATF’s peer review process increasingly emphasises outcomes, not just technical compliance. Under UAE leadership, the organisation is expected to encourage members to demonstrate tangible results in asset recovery, sanctions and international cooperation.

Diplomats familiar with the process say the appointment also reflects confidence in the UAE’s ability to engage constructively with both regional partners and global institutions. The country has positioned itself as a bridge between markets, hosting multinational financial institutions and acting as a hub for trade and investment. That role brings responsibilities, particularly in ensuring that financial openness is matched by robust controls.

MiniMax is preparing to price its Hong Kong initial public offering at the top of the marketed range, signalling strong demand for artificial intelligence developers as investors seek exposure to homegrown technology firms with global ambitions, according to people familiar with the transaction.

The Shanghai-based company, best known for its large language models and consumer-facing AI applications, has accelerated its listing timetable amid a surge in interest for Chinese technology firms that are perceived to be less exposed to US trade and regulatory pressures. Bankers involved in the deal say early indications from institutional investors point to robust demand, particularly from Asia-based funds focused on long-term technology themes.

MiniMax, founded in 2021 by former SenseTime and Megvii researchers, has positioned itself as one of the country’s leading independent AI model developers. Its core products include general-purpose foundation models, AI companions and enterprise solutions used across gaming, education and content creation. The firm competes with larger players backed by internet conglomerates while marketing itself as more agile and research-driven.

People familiar with the IPO said the company is targeting a valuation that reflects the premium currently attached to AI-related listings in Hong Kong. While final pricing has not yet been approved, the expectation is that the offer will be set at the upper end of the range to capitalise on strong order books built during early marketing. The shares are expected to begin trading later this year, subject to market conditions and regulatory clearances.

The decision to push for top-range pricing comes as Hong Kong’s equity market shows signs of renewed momentum after a prolonged slowdown. Technology and healthcare deals have drawn increasing attention, supported by policy measures aimed at reviving capital markets and encouraging listings by innovative firms. Fund managers say AI remains one of the few sectors where investors are willing to pay up for growth, despite broader concerns over economic headwinds.

MiniMax’s IPO is also being closely watched as a test case for how investors value Chinese AI companies that operate largely outside the orbit of the country’s major internet platforms. Unlike peers that rely heavily on parent companies for distribution and funding, MiniMax has raised capital from a mix of venture investors and strategic backers, allowing it to retain greater operational independence. That positioning has resonated with some institutional investors seeking exposure to AI innovation without heavy platform risk.

The company has continued to expand its research capabilities, investing heavily in computing infrastructure and talent. Industry analysts note that MiniMax has been among the more visible Chinese developers releasing multilingual models and consumer applications that aim to compete with global offerings. Its emphasis on overseas markets, including Southeast Asia and parts of the Middle East, has helped broaden its revenue base and narrative ahead of the listing.

Still, the firm faces stiff competition. Domestic rivals supported by large technology groups benefit from vast user ecosystems and deep pockets, while international players continue to dominate cutting-edge model development. Pricing the IPO aggressively could raise expectations around execution and financial performance at a time when monetisation of AI remains uneven across the industry.

Market participants say Hong Kong has become a more attractive venue for such listings as regulatory scrutiny on technology firms has stabilised compared with earlier years. The city’s exchange has also updated listing rules to better accommodate companies with heavy research spending and limited near-term profitability, a profile that fits many AI developers.

Bankers involved in the transaction say MiniMax has highlighted its progress in commercialising products, including enterprise contracts and consumer subscriptions, to address investor concerns around sustainability. While the company is not yet profitable, it has signalled a clearer path to revenue growth than at earlier funding rounds, helped by rising demand for customised AI solutions among businesses.

“We take pride in recalling that China hosted the INTERPOL General Assembly in Beijing in 1995 and 2017, and this time, Hong Kong, China will be the host city for the 94^th General Assembly in 2026,” said Vice Minister of Public Security of the People’s Republic of China, Mr Xu Datong.

The General Assembly is the governing body of the International Criminal Police Organization (INTERPOL), at which police chiefs and ministers of its 196 member states gather to discuss global security issues and foster collaboration.

The HKSAR’s Commissioner of Police Mr Chow Yat-ming, said the selection of Hong Kong as the host city highlights China’s trust in both the HKSAR and the Hong Kong Police Force (HKPF), and underscores Hong Kong’s strategic importance as an international “super connector” in global policing.

“Having served at INTERPOL and visited Rome, Italy; New Delhi, India; Vienna, Austria; and Glasgow, United Kingdom for various General Assemblies, I never imagined Hong Kong would have the opportunity to host this prestigious event,” Mr Chow said. “When our country proposed Hong Kong as the host, I felt deeply honoured.”

The HKSAR Government and HKPF aim to use this occasion to showcase positive stories about China, Hong Kong, and the HKPF, illustrating the success of the “One Country, Two Systems” formula for the HKSAR, Mr Chow added.

Hong Kong has a long association with INTERPOL. The HKPF is a sub-bureau under China, and plays an active and prominent role within INTERPOL, contributing expertise on major crime trends, cybercrime, and financial crime.

The HKPF regularly sends officers to INTERPOL headquarters in the French city of Lyon and the Global Complex for Innovation in Singapore for secondments. Currently, three officers are serving in key roles, one in financial crime coordination in Lyon, and two in technology crime management roles in Singapore.

The HKPF is restructuring its strategy to expand ties with overseas law enforcement agencies, especially in ASEAN (Association of Southeast Asian Nations) and those under the Belt and Road Initiative, to better address emerging transnational crime.

Emphasis is placed on intercepting cross-border fraudulent funds, with the global FRONTIER+ platform (established in October 2024) now connecting 13 jurisdictions, facilitating real-time intelligence sharing and fund interception.

In this connection, on November 12, 2025, the HKPF held its inaugural Ethics Governance Roundtable in Hong Kong, with participation from INTERPOL, the Independent Commission Against Corruption (ICAC) and representatives from various countries.

INTERPOL’s delegation was led by the Director of the Office of Internal Oversight, Mr Eugênio Ricas. The Roundtable featured in-depth discussions on ethics governance including personal financial risk management strategies, achieving fruitful outcomes.

The HKPF will continue to leverage Hong Kong’s role as a “super connector” through various international policing platforms, including INTERPOL, to further strengthen collaboration with law enforcement agencies across different countries and regions, working together to safeguard global and regional security.

Mr Chow said that hosting the General Assembly is a top priority for the HKSAR Government and that preparations were already well underway.

“The HKPF is maintaining close communication with INTERPOL and China’s National Central Bureau to ensure smooth hosting of the 2026 General Assembly,” Mr Chow said, adding that he hopes that delegates attending the event will appreciate Hong Kong’s vitality, friendly spirit, and rich culinary culture during their stay.

“We are determined to ensure every delegation has an unforgettable experience from the moment they arrive at Hong Kong International Airport,” he said.

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Air India Express has unveiled a limited-period initiative offering discounted rates for pre-booked excess baggage on flights from the Middle East to destinations across the country, a move aimed at easing travel costs for migrant workers, families and long-haul passengers who routinely carry more than the standard allowance.

The airline said passengers travelling on eligible routes can now pre-book either 5 kg or 10 kg of additional baggage at reduced prices when purchasing tickets or managing bookings in advance, rather than paying significantly higher charges at airport counters. The scheme applies to flights operated by Air India Express connecting key Gulf cities with multiple airports, including Kochi, Kozhikode, Thiruvananthapuram, Kannur, Mangaluru, Bengaluru, Chennai, Hyderabad, Tiruchirappalli and Tirupati.

According to the airline, the discounted excess baggage option is available only for travel originating in the Middle East and must be secured before the scheduled departure. Passengers booking at the airport will not be eligible for the reduced rates, a distinction designed to streamline airport operations while encouraging early planning.

Air India Express operates a dense network between the Gulf and southern states, serving a passenger base that often includes overseas workers returning home with gifts, personal belongings and household items. Industry executives say baggage fees have long been a sensitive issue on these routes, where standard allowances can fall short of passenger needs.

A senior airline official said the initiative was introduced after feedback indicated that travellers valued predictable, upfront costs more than ad hoc airport payments. “Pre-booked baggage gives customers certainty and reduces stress on the day of travel,” the official said, adding that the airline continues to evaluate pricing structures in response to demand patterns.

The move comes as competition intensifies on Middle East–India corridors, with full-service and low-cost carriers vying for price-sensitive passengers. Airlines have increasingly turned to ancillary services such as baggage, seat selection and onboard meals to boost revenues while keeping base fares competitive.

Aviation analysts note that excess baggage fees represent a significant ancillary revenue stream globally, but also pose reputational risks if perceived as excessive or opaque. By offering discounted slabs for pre-booking, carriers can strike a balance between revenue generation and customer goodwill.

Data from industry bodies show that traffic between Gulf countries and India has continued to expand, driven by labour mobility, tourism and family travel. Seasonal peaks around school holidays and festival periods often see passengers travelling with heavier loads, amplifying the relevance of baggage-related offers.

Air India Express, now part of the Air India Group following its integration with AIX Connect, has been undergoing operational and branding changes as the group consolidates its low-cost strategy. The airline has been inducting new aircraft, expanding its network and revisiting service elements to align with broader group objectives.

The discounted baggage scheme also reflects a wider trend among low-cost carriers to monetise flexibility. Instead of a one-size-fits-all fare, airlines are offering modular options that allow passengers to tailor services based on individual needs, often at lower overall cost if planned in advance.

Consumer advocacy groups have welcomed clearer communication around baggage pricing but stress the importance of transparency. “Passengers should be able to understand what they are paying for and how much they can carry without surprises,” said a travel rights consultant based in Dubai, noting that disputes over baggage charges remain a frequent source of complaints.

“The Forever Gifts: A Natural Diamond Series” the ultimate destination for bespoke natural diamond master creations in Hong Kong, launched with a line-up of activities at Lane Crawford’s flagship retail space in IFC mall. Renowned actress Charmaine Sheh, fashion trendsetter Hilary Tsui, VIPs, media members and influencers from Hong Kong and China were invited to explore exquisite natural diamond collections, thoughtfully curated by Lane Crawford.

This special series starts with a selection of contemporary fine jewellery brands, each offering a unique design story and a commitment to creativity and excellence. They include State Property, YEPREM, Mio Harutaka, KORLOFF and Claudia Ma Fine Jewellery. “This collaboration marks an important moment for Lane Crawford. Together with De Beers, we’re creating a destination that celebrates the beauty of natural diamonds through exceptional craftsmanship and global creativity. This exclusive space reimagines how clients engage with fine jewellery – bringing artistry, innovation, and the opportunity to design something truly personal.” Emily Wong, Senior Vice President of Merchandising at Lane Crawford.

The exclusive event brought a series of interactive workshops led by experts Jodine Bolden and Samantha Sibley from the De Beers Institute of Diamonds alongside London-based multi-disciplinary artist Annette Fernando.

At the natural diamond workshop, participants gained hands-on experience on rough diamond sorting, polished diamond grading, and differentiation of natural diamonds versus synthetics. Participants also had the unique opportunity of viewing a nearby 297-carat rough diamond and kimberlite carrying a 22-carat rough diamond. Also on display was a gem called “Beating Heart”, a 0.329-carat rough diamond that features a smaller diamond moving freely inside its larger counterpart, a rarity that showcases the extraordinary conditions under which diamonds can form. This exquisite piece, recovered by De Beers Group and analyzed at the facilities of De Beers Institute of Diamonds, is recorded on the Tracr platform, giving insight into its history and heritage. Upon completion of the workshop, each participant received a natural diamond masterclass certificate from the De Beers Institute of Diamonds.

“We are pleased to partner with Lane Crawford for this special series of events to proudly recognize the enduring value of natural diamonds, and to honour the artists who continue to bring life to these creations.” says Loletta Lai, Vice President, Natural Diamonds APAC De Beers Group.

Complementing the technical insight offered by the De Beers Institute of Diamonds, artist Annette Fernando shared her art creations inspired by natural diamonds, named The Multi-Faceted Self. Through a reflective coloring workshop, Annette invited participants to explore the transformative journey of natural diamonds as a metaphor for personal growth and resilience.

The partnership between A Diamond is Forever and Lane Crawford spotlights crafted natural diamond pieces sourced and styled from around the globe, the most treasured gifts ever! These iconic legacy brands and exciting new talent alike, all centered around the timeless beauty of natural diamonds, come together at Lane Crawford, the ultimate destination for discovery, craftsmanship, and contemporary luxury.

Featured Brands

Claudia Ma Fine Jewellery
Claudia Ma, driven by a passion for modern high jewelry and an unwavering dedication to quality, founded her eponymous brand, Claudia Ma, in 2000. With a distinctive design sensibility and an eye for artistic aesthetics, she masterfully reinterprets classic themes through innovative modern expressions. Her creations have earned widespread acclaim for their signature style and exceptional craftsmanship. Over the years, Claudia has collaborated with renowned names such as Shanghai Tang, Lane Crawford, and De Beers Group Forevermark, solidifying her brand’s standing in Hong Kong’s fine jewelry landscape.

Her latest work draws inspiration from the barbell as a symbol of balance, focus, and strength. Crafted in 18k gold and accented with natural diamonds, these versatile pieces embody resilience while seamlessly elevating everyday style.

According to Claudia, “Natural diamonds and craftsmanship go hand in hand. Craftsmanship brings out the diamond’s inner brilliance, while my design presents this timeless classic in a modern way for generations to enjoy. Without this artistry, even the finest diamond remains just a hidden treasure.”

State Property
An award-winning contemporary fine jewellery label from Singapore, State Property fuses modern design with traditional craftsmanship. Founded in 2015 by a jeweller and an industrial designer, the brand draws inspiration from culture, literature, and history—bringing to life structured silhouettes in precious metals that embrace the softness of the human form.

“There’s an emotional gravity with natural diamonds that’s hard to replicate, State Property shares. “Their rarity, beauty, and resilience make them extraordinary. Each one a fragment of the earth’s story, time in a crystallised form. We’re drawn to materials that carry meaning, and diamonds embody permanence, memory, and the quiet luxury of time. At State Property, we strive to have those same qualities reflected in our own work — creating jewellery with intention, designed to endure and be cherished across generations.”

YEPREM
Known for its avant-garde creations, House of YEPREM is a family-run brand that continues to push the boundaries of contemporary diamond jewellery. With a legacy rooted in timeless craftsmanship and visionary design, YEPREM’s striking pieces are now celebrated across America, Europe, the Middle East, and Asia.

“Natural diamonds are the ultimate expression of authenticity and endurance, virtues that mirror YEPREM’s journey and craftsmanship. Born from time, pressure, and perseverance, each diamond holds the essence of transformation and strength. Their inherent brilliance and purity transcend trends, embodying emotion and individuality. In YEPREM’s world, a natural diamond is not merely a material, it is the foundation upon which stories of resilience and radiance are told.”

Mio Harutaka
Crafted in Japan by local artisans, MIO HARUTAKA channels the beauty of Mother Nature into every design. The brand, founded in 2011, is committed to achieving diamond traceability and sustainability while maintaining exceptional artisanal craftsmanship. Harutaka shares: “Craftsmanship is essential—it accounts for almost everything. All of these details depend entirely on the skills of the craftsmen. Craftsmanship is what allows me to welcome close, hands-on appreciation, knowing that each piece will meet that level of scrutiny with confidence and beauty.”

KORLOFF
Since 1978, KORLOFF has been a symbol of true femininity—magnetic, adventurous, and bold. Renowned for crafting exquisite bespoke jewelry, each piece reflects daring designs and the unmatched artistry of French craftsmanship, showcasing the Maison’s boundless creativity and passion. “Our story began with a diamond, the Black Korloff, the largest brilliant-cut natural black diamond in the world. Its uniqueness, shaped over millions of years, continues to inspire us every day as a symbol of mystery, transformation, and the magic of nature. Natural diamonds possess an authenticity and depth that no other material can replicate. They remind us that beauty is born from time, pressure, and light, forces that mirror the creative journey behind each Korloff jewel.”

Meet the De Beers Institute of Diamonds Experts:

Jodine Bolden, Director of Education De Beers Institute of Diamonds
Jodine has previously developed her career as an operations line manager within large FMCG companies, and European HR Management roles within the luxury Health & Beauty industry where she first developed her passion for creating exceptional consumer experiences. After moving to De Beers, she worked as HR Manager for 5 years and discovered her fascination for diamonds as she supported various global functions across the De Beers estate, she then involved creating the Institute of Diamonds Education Service and developing each course that they now offer to their clients.

Since 2018 the De Beers Institute of Diamonds Education Service has provided education on a range of diamond subjects including, Rough Diamond Sorting, Polished Diamond Grading and Laboratory-Grown Detection.

Samantha Sibley, Technical Liaison Manager De Beers Group, UK
With over 30 years’ experience in De Beers’ research, development and commercial teams, Samantha brings a wealth of knowledge regarding the characteristics of both natural and laboratory-grown diamonds. She has been involved in the development of De Beers Group’s current and previous suites of verification instruments and currently also facilitates training and educational courses around the world on the use of these instruments for accurate screening results. Other projects involve research into irradiation and HPHT colour treatments and the utilisation of this information to develop screening processes within the De Beers grading laboratories.

Sam has a BTEC Higher National Certificate in Physics, is a diamond fellow of the Gemmological Association of Great Britain (DGA) and holds a team leader qualification from Leadership Management UK and the Chartered Management Institute. She has presented on diamond topics globally and has had first-hand experience of the diamond industry over many years through visits to mines, cutting centres, polishing factories, gemmological laboratories and tradeshows.

Annette Fernando, Commissioned Artist, “The Multi-Faceted Self” at The Forever Gifts: A Natural Diamond Series
Annette Fernando (b. 1991, London) is a multi-disciplinary artist and curator. She holds a BA in Fine Art from Central Saint Martins and is currently pursuing an MA in Contemporary Art at Sotheby’s Institute of Art, where she was awarded the prestigious Cultural Leaders Scholarship.

Fernando’s artistic repertoire spans drawing, printmaking, painting, and film. Fernando’s current work is driven to immortalise natures scenes, capturing the beauty of moments often overlooked through various mediums. Fernando’s work has garnered significant recognition, including winning the Jerwood Drawing Prize in 2014 and selections for the Royal Academy Summer Exhibition in 2021 and 2023. Her pieces are held in public and private collections across the USA, France, Hong Kong, and the UK.

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About De Beers Group

Established in 1888, De Beers Group is the world’s leading diamond company with expertise in the exploration, mining, marketing and retailing of diamonds. Together with its joint venture partners, De Beers Group employs more than 20,000 people across the diamond pipeline and is the world’s largest diamond producer by value, with diamond mining operations in Botswana, Canada, Namibia and South Africa. Innovation sits at the heart of De Beers Group’s strategy as it develops a portfolio of offers that span the diamond value chain, including its jewellery houses, De Beers Jewellers and Forevermark, and other pioneering solutions such as diamond sourcing and traceability initiatives Tracr and GemFair. De Beers Group also provides leading services and technology to the diamond industry in the form of education and laboratory services via De Beers Institute of Diamonds and a wide range of diamond sorting, detection and classification technology systems via De Beers Group Ignite. De Beers Group is committed to ‘Building Forever,’ a holistic and integrated approach for creating a better future – where safety, human rights and ethical integrity continue to be paramount; where communities thrive and the environment is protected; and where there are equal

opportunities for all. De Beers Group is a member of the Anglo American PLC group. For further information, visit www.debeersgroup.com.

About Lane Crawford

Founded in 1850, Lane Crawford is an iconic luxury department store, with a mission to search the world for the most exciting talent and product, to create the ultimate luxury edit of fashion and lifestyle for its customers across Greater China. Featuring the largest own-bought designer portfolio across Womenswear, Menswear, Beauty & Wellbeing,

Home and Lifestyle, and Fine Jewellery in the region, Lane Crawford constantly evolves its product, experience, and services offer to embrace the most innovative and relevant designers and exceptional craftsmanship of the season, and to reflect the dynamic pace of its market and customers.

With four stores in Hong Kong; and three stores across Shanghai, Beijing and Chengdu, supported by a global digital flagship, and a purpose-built ecommerce site for China and WeChat store, Lane Crawford is Greater China’s first and only omni-channel luxury fashion retailer. Each store is personalised to its location and designed to provide sensory experience, fusing fashion, design, art and music, while offering exceptional service.

Lane Crawford is a part of The Lane Crawford Joyce Group, Asia’s premier fashion retail, brand management and distribution group, which also includes cutting-edge fashion boutique Joyce; and fashion, beauty, and lifestyle brand management and distribution business ImagineX Group.

A landmark entertainment destination has begun operations at Qiddiya City on 31 December 2025, as Six Flags Qiddiya City opened to the public near Riyadh, marking the flagship attraction of the sprawling Saudi project and the first Six Flags theme park outside North America. The launch ceremony took place under the patronage of Prince Faisal bin Bandar, Governor of Riyadh Province, with senior officials and tourism sector leaders attending to celebrate what organisers described as a major milestone in the Kingdom’s leisure and tourism expansion.

Six Flags Qiddiya City debuted with an array of attractions designed to appeal to global visitors and local families alike, with the signature offering being Falcons Flight, a steel roller coaster that now holds records as the tallest, fastest and longest of its kind in the world. The coaster reaches speeds of roughly 155 mph and rises to approximately 640 feet, dwarfing many existing high-thrill installations. Other record-setting rides include Iron Rattler, the tallest tilt coaster, and Spitfire, the tallest inverted coaster, alongside a total lineup of 28 rides and attractions across six themed lands.

Park president Brian Machamer described Six Flags Qiddiya City as more than a collection of rides, pitching the venue as a fully immersive theme park where music, themed environments and guest experience are integrated throughout, distinguishing it from traditional amusement parks in North America. He said the design and storytelling elements aim to create a cohesive environment that extends beyond individual attractions.

The opening is a cornerstone of Qiddiya City’s broader vision as a global entertainment and cultural hub. Spanning hundreds of square kilometres on the edge of the Tuwaiq Mountains roughly 45 km from downtown Riyadh, Qiddiya is envisioned as a master-planned destination where entertainment, sports, arts and education converge. Six Flags Qiddiya City represents the first operational phase of this masterplan, with additional attractions including a water theme park, motorsport and esports facilities, performance venues and residential neighbourhoods planned over the next decade.

Officials noted that the park’s launch aligns with national priorities to diversify the economy under Vision 2030, an ambitious strategy championed by Crown Prince Mohammed bin Salman to reduce reliance on oil revenues and accelerate growth in tourism and leisure sectors. Tourism Minister Ahmed Al-Khateeb highlighted the significance of the Six Flags project in positioning the Kingdom on the global entertainment map, underscoring efforts to attract millions of visitors annually.

The park offers international food and retail outlets, themed entertainment spaces and technology-enhanced guest services to meet global standards. Ticket pricing was set to attract a broad demographic, with adult entry priced at around SR325 and children’s tickets at SR275, while infants under four are admitted free. Early visitor feedback pointed to enthusiastic reception, particularly for the record-breaking coasters and themed environments.

While the opening has been widely hailed as a transformative moment for entertainment in the Middle East, analysts and industry observers have also pointed to challenges. Six Flags’ broader corporate position following its merger with Cedar Fair includes ongoing portfolio evaluations and adjustments to its existing parks, which have seen closures and operational reassessments in North America. The international expansion represented by Qiddiya carries strategic importance but also introduces new operational and financial dynamics for the company.

Local business leaders have emphasised the anticipated economic impact of the park and the wider Qiddiya development, citing job creation, supply chain opportunities and tourism revenue growth. Community groups in the Riyadh region have expressed optimism about increased cultural and entertainment offerings, while some critics have raised questions about the sustainability of mega-projects in fluctuating economic conditions. Government planners maintain that phased development and diversified attractions will help ensure long-term viability.