In Demand: Rare Black Diamond stingrays which cost over $10,000 a pair
Published on May 30, 2013 11:16 PM
Demand is increasing for a rare breed of stingray, the Black Diamond, which can cost anywhere from $6,000 to $80,000 per pair, ornamental fish sellers said. Director of Malaysian fish company Kin Star Aqua World Mr Tan Heng Wah sold about 40 pairs of black diamonds worth more than $10,000 per pair to Singaporeans last year. He gets about 15 Singapore customers per month, with 2 or 3 more enquiring about his stock in recent months, he said. According to Qian Hu's local sales manager Mr Tho Thiam Thye, the company sold about 200 pairs of black diamonds last year. Demand is still growing, Mr Tho added.
Black diamonds are typically sold in pairs because fish keepers usually breed them and sell the extra stock for money. They are rare as Brazil banned exports of these rays about five years ago.
"If they breed successfully then buyers recoup their cost,"he said. "It's also a status symbol when people have it in their houses." Mr Tan now has a pair of $25,000 black diamonds but he is not selling the rays because he believes they will be worth more in future.
Besides black diamonds, more Singaporeans are also keeping cheaper stingrays as part of their fish collection.These are no ordinary stingrays but spotted stingrays which add variety to a biodiversity in a tank. "The stingray cleans the bottom of the tank. But unlike suckerfish, it looks more exotic and it adds variety to the look of the tank," said Group Integrated Research and Development Head of Qian Hu Corporation Alex Chang. At Qian Hu's retail shop in Choa Chu Kang, it sold about 20 stingrays per month five years ago compared to 80 to 100 per month now, Chang said.
To continue reading, log in if you are a subscriber
If you are not a subscriber, you can get instant, unlimited access here