Billionaire diamond trader dies during penis enlargement operation

A billionaire diamond trader has died during a penis enlargement operation in Paris.

Ehud Arye Laniado, a 65-year-old Belgium-Israeli, was at an unnamed plastic surgery clinic in Paris on Saturday when complications during an operation led him to have a heart attack, reports Belgium media outlet GVA.

Local media report he was having a penis enlargement operation and suffered the heart attack when a substance was injected into his penis.

A statement on Mr Laniado's website confirmed the "visionary businessman", who spent more than 40 years in the diamond trading business, had died. It did not, however, confirm the cause of his death or if it happened during the surgery.

"After living an exceptional life Ehud will be brought back home to Israel as his final resting place. He will be dearly missed by us all," the statement said.

While Mr Laniado's exact wealth is unknown, Belgium media report that he had had issues with the law, including claims of tax evasion.

He settled those allegations but still faced a court case later this month over claims he lied to the Belgian customs office about diamonds he imported from Africa.

Mr Laniado has been described as an extravagant man whose short stature led him to suffer from Napoleon complex, meaning that he could be domineering in social situations.

In 2015, he sold the world's most expensive diamond, the Blue Moon of Josephine, for more than NZ$71 million.