The Knight Frank Wealth Report is an annual research publication of the international property consultancy Knight Frank, first issued in 2007 and now in its eighteenth edition. The report is the principal publicly available reference on ultra-high-net-worth wealth, residential property pricing in the prime international markets, and passion-asset prices, and is widely cited in the financial and luxury trade press. It is distributed without charge through Knight Frank's offices and website and is read across the private banking, real estate and luxury-goods industries.

Structure and content

The Wealth Report is organised around three principal data products: the Knight Frank Wealth Sizing Model, which estimates the global UHNW population and its geographic distribution; the Prime International Residential Index, which tracks luxury residential price growth across roughly 100 city and second-home markets; and the Knight Frank Luxury Investment Index, the passion-asset benchmark covered in a separate entry in this dictionary. Around these data sets the report carries a rotating set of qualitative chapters on themes such as next-generation wealth, philanthropy, citizenship-by-investment, sustainability in luxury, and family-office trends. The Attitudes Survey, an annual canvass of around 600 wealth advisers worldwide, supplies much of the qualitative data underlying these chapters.

Use in the jewellery trade

The Wealth Report is referenced in jewellery contexts principally for two of its outputs. The first is the Luxury Investment Index, whose coloured-diamond, jewellery and watch sub-indices are quoted in trade journalism and in client-facing investment material. The second is the Wealth Sizing Model, whose figures on UHNW headcount in major markets such as Hong Kong, Singapore, Dubai, New York, London and Mumbai are used by jewellery houses and auction houses to calibrate market-entry and store-opening decisions. The 2024 edition, for example, recorded a notable increase in the UHNW population of India and a stable to slightly contracting position in Hong Kong, both findings that have direct implications for the location of new high-jewellery boutiques.

Limitations

The report is a research and marketing publication of a property consultancy rather than a peer-reviewed economic study. Its UHNW headcount methodology has shifted over editions as data sources have improved, which makes long-period comparisons across the data set unreliable. The passion-asset components rely on third-party data of varying quality. For jewellery trade purposes the Wealth Report is best treated as a client-conversation reference and a directional read on the high-end market, rather than as a quantitative input to pricing or stocking decisions. The Rapaport, Gemguide and the major auction archives remain the operational pricing references, with the Wealth Report providing the macro frame within which those tools are read.