After the bankruptcy, Nirav Modi jewels will be auctioned in New York ♦
Good news for those who can invest a few thousand dollars or euros for a high quality jewelry. It’s coming an auction of jewels now in the coffers of the former companies of Nirav Modi, the Indian jeweler who is accused of having defrauded something like a couple of billions of dollars. The first live auction is scheduled for September 26 in New York. Two other jewelry and diamond auctions are scheduled for next week, October 3 and 4, also in New York.
We have already told the story, which for the truth seems incredible (who knows if Hollywood will turn it into a film) by Nirav Modi, who at the moment managed to escape the Indian judges who want to lock him up.
Hundreds of precious jewels will now be auctioned.
The trustee that now manages the companies once owned by Nirav Modi, therefore, will put the stock and intellectual property of two companies: Firestar Diamond and Fantasy, now bankrupt. Another company, Unique Designs, has already bought jewelry with diamonds and loose stones, while what is being sold at the end of the month is what remains in the vault of Firestar and Fantasy.
These are jewels valued at 15 million, including engagement and wedding rings in 14 carat gold; diamonds set in 10-carat, 14-karat and 18-karat gold, but also fashion jewelry and loose diamonds for over $ 1 million. There are also diamonds with patented cuts, including Patriot Star and The Opulent Diamond. For info: FirestarAuction.com. Federico Graglia