# Diamond Stone

Diamond Stone is an Endowment based in Hong Kong, Hong Kong.

## Overview

- **Organization type:** Endowment
- **Headquarters:** Hong Kong, Hong Kong
- **Region:** Asia
- **Address:** Hong Kong, Hong Kong
- **Assets under management:** Undisclosed
- **Website:** diamondstonefestival.com
- **LinkedIn:** https://www.linkedin.com/company/diamond-stone

## Regulatory record

- **Reports private funds:** No

## About

Diamond Stone traces to Barbara Kelley and Kevin Kelley, who previously owned Diamondhead Resort. They established the annual music festival at that site. The Diamond Stone Foundation sits alongside the operating assets. The festival deploys capital into live events, stage production, and on-site hospitality. Confirmed holdings include Diamondhead Resort at 12081 N Highway 10, Tahlequah, OK and Oklahoma Station on Highway 82, Park Hill, OK. A trucking fleet supports logistics. Activity remains concentrated in Oklahoma with no disclosed positions outside the United States. The United Keetoowah Band of Cherokee Indians acquired Diamondhead Resort and Oklahoma Station from the Kelleys in January 2025. Woody Anderson and Chief Jeff Wacoche oversaw the transition for the tribal corporate board. No additional offices or headcount figures appear in available records. Ownership of the resort and festival assets passes through direct commercial transfer rather than fund vehicles or external managers. The January 2025 sale to the United Keetoowah Band marks the primary recent change in control.

## Sectors

- Media & Entertainment

## People

- Barbara Kelley — Founder
- Kevin Kelley — Founder

## Questions

### How does Diamond Stone source proprietary deal flow?

Activity centers on the annual music festival and resort operations at Diamondhead Resort. No external sourcing channels are disclosed.

### Does Diamond Stone participate in fund commitments or only direct deals?

No fund commitments are referenced. Holdings consist of direct ownership of Diamondhead Resort, Oklahoma Station, and the festival itself.

## Related profiles

- [Diamond Medino Capital](https://altss.com/profile/diamond-medino-capital)
- [DiamondStream Partners](https://altss.com/profile/diamondstream-partners)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/diamond-stone

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