Diamonds, pearls and other jewelry valued at $177m have been seized by Indian officials investigating fugitive billionaire Nirav Modi and his uncle Mehul Choksi. Last week a court-approved the confiscation of assets for the first time since the Fugitive Economic Offenders Act came in to force two years ago. A total of 108 packages allegedly […]

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GCal Laboratories will be showcasing $3,5 million worth of Nirav Modi’s jewelry retail chain collections. Among the to be auctioned collections of the fugituve, bankrupt diamantaire are platinum and 18-karat gold collection suites such as Embrace, Luminance, Mughal, Lotus, Celestial and Jasmine. The Embrace Collection (expandable) includes bracelets, wedding bands, and necklaces. In the past, […]

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The central figure in an alleged $2bn fraud that rocked India’s state-owned Punjab National Bank has been arrested in London in response to a request from New Delhi to extradite him. Nirav Modi, a celebrity jeweller whose boutiques were in some of the world’s most prestigious shopping districts, was refused bail by a Westminster magistrates’ […]

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With scams and frauds tainting jewellers, Titan Co. Ltd believes the time is just right for its Tanishq brand to burnish its clean image, scoop up market share and boost overall growth. The watches and accessories firm is planning to open 44 new Tanishq stores in 2018-19, marking one of its fastest expansion plans to […]

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