Gold, platinum and diamond jewelry belonging to Nirav Modi’s Firestar Diamond International will be sold by liquidators in Mumbai, India, in an e-auction next month. The fugitive jeweler, aged 51, is accused of fraudulently using letters of undertaking offered by the Punjab National Bank (PNB) in an alleged $1.85bn fraud. No reserve price has yet […]

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Nehal Modi, younger brother of fugitive diamantaire Nirav Modi, has been convicted by a US court of fraudulently obtaining diamonds worth over $2.6m. Modi, 41, a diamond trader, made false representations between March and August 2015, regarding a purported deal with Costco Wholesale Corporation to obtain the gems LLD, also known as Lev Leviev Diamonds. […]

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Celebrity jeweller Nirav Modi, accused of a number of crimes as part of a $2 billion (£1.44 billion) banking scandal, can be extradited to his native India to be tried for his crimes there, a UK court has ruled. Nirav Modi, a world-famous jeweller whose Nirav Modi Jewels brand found international success, has been held […]

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The billionaire jeweller is in London trying to claim asylum from what he calls “political persecution”, the Financial Times reported. Nirav Modi, the billionaire jeweller at the heart of a more than ₹13,578-crore Punjab National Bank (PNB) fraud case in India, has fled to the UK, where he is claiming political asylum, the Financial Times […]

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The United States Trustee overseeing the A. Jaffe and Firestar Diamond Chapter 11 cases filed a motion calling for an independent examiner to look at the role played by the companies’ ultimate owner, Nirav Modi, in the bankruptcies. The two companies have agreed to the appointment of an examiner in these cases, said the motion […]

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Nirav Modi, an Indian diamond billionaire who opened a flagship boutique in London 18 months ago, is being investigated for bank fraud. According to reports, the jeweller of the namesake retail chain has been linked with a $1.8 billion fraud reported by one of India’s biggest banks. Last month Punjab National Bank accused Nirav Modi […]

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Paris–In the second part of a two-part series, National Jeweler explores the latest haute joaillerie presented last week in Paris in conjunction with couture week. Dior’s jewelry designer, Victoire de Castellane, revisited “Versailles” with the second installment of the collection first introduced last summer. Whereas last year’s offerings were an ode to the palace’s baroque architecture […]

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