Nirav Modi Archives | gioiellis.com

Nirav Modi at auction

Published on September 20, 2018

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

Bracciale in oro bianco e rosa con diamanti

The great scam of Nirav Modi

Published on June 12, 2018

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Nirav Modi fled to London seeking asylum in Britain. The biggest scam ($ 2.2 billion) linked to the jewelery world ♦ ︎

When summer comes, you can read more books with thriller stories. But sometimes you do not need to buy a book, just read the news. Which, in this case, concern the world of jewelry. And we do not talk about the usual theft in a jewelery store or in a house. This booty is much higher: 1.77 billion dollars, maybe 2.2. Other than Ocean Eleven or similar. And the most shocking aspect is that the alleged perpetrator is not just any robber, but one of the stars of fine jewelry: Nirav Modi.
Indian billionaire with a passion for diamonds, stones thats he knows well why he has lived many years in Antwerp, in order to follow the family’s trade, he has created one of the most exclusive high jewelery Maison. But at the beginning of 2018 he was the protagonist of a clamorous case of fraud. Now he claims political asylum in the United Kingdom, to escape the trial in India. Nirav Modi, in fact, disappeared already in February after the accusations emerged, which he called a “political persecution”.

The great deception
The accusation, however, is heavy. India’s second largest state bank, the Punjab National Bank (Pnb), claimed that two jewelry companies led by Nirav Modi and his uncle Mehul Choksi with the Gitanjali Group had defrauded the bank for about $ 2, 2 billion. After this alarm, frauds arose towards other credit institutions such as State Bank of India, Union Bank, Axis Bank and Allahabad Bank, all exposed to the rich man and always smiling (now you understand why) Nirav Modi. The charges have led to an investigation that led to the closure of boutiques in India, starting from the Mumbai store, bank accounts and luxury cars. What’s more, it seems that Nirav Modi has played dirty even with the budgets of his company. An expert opinion on precious stones in stock, for example, has established that their value is only 27% of what was declared in the balance sheet. In short, Nirav Modi would have inflated the accounts of his precious empire by more than 70%.
The mechanism of fraud
But how did Nirav Modi and his uncle have $ 2 billion? The scam, from what has emerged, seems almost incredible. In essence, three companies linked to Modi and Gitanjali have asked for funds to pay for purchases of precious stones abroad. Fake purchases, though. Some bank officials let themselves be duped by the rich jeweler without following the right verification process. The loans, in short, were granted without checking whether they were covered by an insurance policy to cover a possible default. The scam went on from 2011 to January 2018, until a more diligent bank manager was not satisfied with the word of Nirav and associates. And a more in-depth check brought out the scam. Although it must be admitted that the strategy was brilliant. Like the diamonds. Federico Graglia

Orecchini di diamanti e rubini di Nirav Modi

Collana di diamanti e rubini, composta da oltre 100 pietre, presentata alla Biennale di Parigi

Cherry blossoms for Nirav Modi

Published on November 19, 2017

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Cherry blossoms seen by Nirav Modi: the spectacular Sakura collection ♦
There are so many adjectives on Nirav Modi that add to others is difficult: its high jewelery has become an international point of reference. In just six years. Getting into the small group of jewelery in the world, in little time , is not easy. For the Indian designer, it is fair best to celebrate the best achievements: with new high-end jewels with the finest quality diamonds. In his country of origin, sharing with New York, Nirav Modi presented a collection of jewels inspired by the cherry blossom, sakura in Japanese. Delicate and pale, the flower contrasts with the geometric and sparkling shape of the stones. But it’s the design that turns diamonds into light floral jewelry. Rings, necklaces and bracelets are interpreted with the use of pink gold, which recalls the shades of flowers, with white gold and diamonds. Among the jewels, stands out the spectacular Sakura necklace, consisting of a hundred diamonds with emerald cut. Margherita Donato
Read also: Diamonds according to Nirav

Collana in oro bianco e rosa composta da un centinaio di diamanti taglio smeraldo

The Biennale of high jewelery

Published on September 12, 2017

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Collier a forma di piuma in titanio con diamanti e tormalina Paraiba

In Paris the Biennale des Antiquaires is back with great jewels ♦ ︎
In Paris, at the Grand Palais, the Biennale des Antiquaires (11-17 September) is back. It follows the fair, a bit debated, of 2016. And more, it is still called Biennale, but it was decided that this year will be held every year: who knows if it will change its name. He has certainly changed president: he chose an American, Christopher Forbes, vice president of the publishing house and big collector. In addition, an independent expert committee, called to verify the authenticity of the pieces on display (some fake had caused a scandal last year) was introduced.
In short, the great fair founded in 1959 by André Malraux, novelist and French minister at Culture, changes. But at the same time it remains the same: this year there will be 94 exhibitors with proposals ranging from antiques, Renaissance paintings to Pop art, from watches to jewels. The latter category, for fans, is divided into vintage jewels, with pieces by Maisons as Van Cleef & Arpels or Cartier, and high jewelery with few selected brands: Boghossian, Glenn Spiro, Anna Hu, Moussaieff Jewelers, Nirav Modi. Federico Graglia

Boghossian, anello con diamanti e zaffiri

Anello di de Grisogono con diamante centrale, 412 rubini e 94 diamanti bianchi

Bracciale Tutti i Frutti di Cartier, 1938

Collana di Boghossian con diamanti gialli e bianchi

Orecchini di Boghossian con diamanti gialli e bianchi

Collier e bracciale di Van Cleef & Arpels, 1960

Orecchini di Van Cleef & Arpels con zaffiri e rubini

Palladio awards to Koulis, Mennella and Antonini

Published on January 22, 2017

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Sergio Antonini alla premiazione dei Palladio Awards

At Palladio Awards, win prizes the creatives Nikos Koulis, Faraone Mennella and Antonini.
Call them the Oscar of jewelry. Definition easy to understand, but inappropriate. If only because Italy has a tradition in the jewelry that has nothing to envy to that of other countries. In addition, between Palladio and the prizes reserved to the big of cinema there is a big distance, even as history and culture. That said, here are the winners of 2017 (the fifth) of Palladio awards, assigned in Vicenza to the jewelry world. Which then, as commented in the stands VicenzaOro a designer who prefers to remain anonymous, is fair to put together in competition giants as Cartier and Boucheron, which have large capital to invest with small Italian companies, it is another matter.
The winners of this fifth edition, divided by category, are :
The best italian jewelery designer: Faraone Mennella.
The best international jewelery designers: Nikos Koulis.
The best italian jewelery brand collection: Antonini Milan to Syracuse collection.
The best international jewelery brand collection: Boucheron for Animaux de collection collection.
The best jewelery flagship store: Nirav Modi for the New York store.
The best jewelery communication campaign: the campaign for Cartier Diamonds.
Jewellery corporate social responsibility award: chopard for the commitment to the project with eco-age.
The best jewelery communication: new media at Nervous System
The lifetime achievement award: Franco Cologni, president Cologni Foundation for arts and crafts.
In the night that has proclamed the winners, and simultaneously kicked off in VicenzaOro January, there were the president of the Italian Exhibition Group, Lorenzo Cagnoni, the vice president Matteo Marzotto, and the general manager, Corrado Facco. The jury was composed by Franco Cologni, President of Jury and Chairman Cologni Foundation for arts and crafts (curiously the same that received the lifetime achievement award), Clare Phillips, curator of the Sculpture Department of the Victoria & Albert Museum in London, Alba Cappellieri, a professor of Jewellery Design at the Politecnico di Milano, Silvana Annichiarico, director of the Triennale Design Museum in Milan.

Nikos Koulis alla premiazione dei Palladio Awards

Corrado Facco legge i nomi dei vincitori dei Palladio Awards

Collezione Siracusa, oro giallo e diamanti

Collana Ice Princess di Faraone Mennella

Boucheron, Pegasus, anello in oro bianco con ametista ovale 1,5 carati, 29 zaffiri viola, 71 zaffiri blu, 200 diamanti e 29 ametiste tondi, 2 zaffiri blu cabochon

Nirav Modi worldwide

Published on October 3, 2016

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Collana con diamanti colorati per 72 carati

Nirav Modi opens a boutique in London, is preparing to Macao and to inaugurate other eight stores. Where it will arrive?
Do you like the big, huge jewels signed by Nirav Modi? From September 19, if you live in Europe, you have a better chance of being able to at least to see. In London, at 31 Old Bond Street, the upscale Indian designer opened a boutique designed by the French Atelier Marika Chaumet: five levels with luxurious furnishings, velvet, crystal, frosted glass. And above all, the famous jewels by Modi: there is also an Heritage room that offers some examples of the ability of the Mumbai jeweler. In addition to London there are the others boutiques in Mumbai, New Delhi, Hong Kong and New York. Next stop: Macau, China. And eight more stores are planned for 2017. What’s your point, Nirav Modi? Certainly it remains in the Olympus of the great jewelers of this century. He proved it also with his participation at the Biennale des Antiquaires in Paris (we talked about here), where he presented more than a hundred pieces. An exception for Modi, who is not participating in fairs and multi-events. And, a bit ‘, also a return, since the Indian designer grew up professionally in Antwerp, the near Belgium, where he learned the art of diamond cutting. Thanks to that experience has introduced four new cuts for diamonds: Jasmine, Endless, Ainra, and Mughal, who are admired (and a little ‘envied by competitors) worldwide. Even, now, in London. Lavinia Andorno

Orecchini con diamanti di diversi colori: rosa, gialli, arancio, verdi, blu, viola

Orecchini con cascata di diamanti e perle

Collana con smeraldi colombiani per 96 carati, zaffiri e diamanti

Orecchini di diamanti con taglio esclusivo Ainra

Poker of Maison in Paris

Published on September 10, 2016

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Boghossian, anello con zaffiro di Cylon incastonato in calcedonio intarsiato

At the Grand Palais in Paris four major jewelers participating in the Biennale des Antiquaires.
At the Grand Palais in Paris back the Biennale des Antiquaires. Paintings, sculptures, decorative objects, furniture and, of course, jewelry of the highest class. This year there are only four Maison invited, but among the stands of the 112 antique dealers present there are also many historical jewels (mention Bernard Bouisset, Epoque Fine Jewels, Martin Du Daffoy, Véronique Bamps). The contemporary jewelers are, however, four heavyweights: Boghossian Jewels, Cindy Chao, De Grisogono and Nirav Modi (as we anticipated here). And so under the great dome you can also be able to admire exceptional jewels, like those you see on this page. If you are in Paris September from saturday to sunday, in short, you have the opportunity to shine your eyes.
Biennale des Antiquaires
10-18 september
Paris, Grand Palais
Avenue Winston Churchill – 75008
Métro: Champs Elysées-Clemenceau / lignes 1 & 13
Admission: 35 €
Hours: from 11 to 20 (Thursday until 23)

Nirav Modi, anello en tremblant con diamanti rosa e gialli

Boghossian, orecchini con diamanti fancy

Boghossian, anello con diamante e smeraldo colombiano

De Grisogono, anello della collezione Folies, con dimante e 47 rubini

De Grisogono, anello con diamanti e smeraldi

De Grisogono, anello con diamante cushion e smeraldi

The Nirav Modi’s amazing diamond

Published on August 26, 2016

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Nirav Modi, diamonds and masterpieces ♦

Nirav Modi is one of the stars of the jewelery world. Christie’s and Sotheby’s often include her jewelry in the most prestigious auctions. And he, with Indian boutiques in Mumbai and Delhi, has opened a shop in New York. An escalation made sign in only five years: its brand, in fact, was born only in 2010. The designer grew up in Antwerp, the diamond capital of the world, the son and grandson of gem traders. Dino from birth was surrounded by precious stones. “The conversations at the table often revolved around diamonds and jewels,” said Modi to Jck. The transformation from expert of stones to jeweler, according to most accepted version, was made with the custom design of a pair of earrings for a friend. “When I saw her joy for my creation, I decided that’s what I wanted to do.” The escalation Nirav Modi is fast and it does not seem to stop. Its projects will lead him soon in Europe: “We intend to open a hundred stores in the US, Asia and Europe by 2025,” he revealed.
Among the jewels of the most successful of the Indian brand is the Embrace bracelet, considered an innovation. It consists of over 700 pieces interlocking so that the bracelet can stretch over your hand to fit comfortably on your wrist, and without using paper clips. The Celestial collection, however, suspends the diamond from the sides, maximizing the light that passes through them. The diamonds seem to float, and the people who see these jewels ask how are made. Finally, the brand has also patented new cuts for diamonds: Mughal and Ainra. A testimony to the fact that India is no longer made up only of tradition. Giulia Netrese

Collana Fluire, diamanti bianchi e fancy

Una modella con collana firmata Nirav Modi

Orecchini della collezione Quintessential

India is elastic with Embrace

Published on July 31, 2016

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Diamanti più oltre 3 carati fissati in oro giallo 18 carati. Prezzo: 36.000 dollari

The precious hi-tech bracelet by Nirav Modi.
The world runs together with the technology and even the traditional India is not an exception. Witness one of the largest jewelers in the world, Nirav Modi. His gaudy jewelry and with widespread use and not suffused with diamonds is a mirage that has enchanted star and (wives of) millionaires. Yet he, too, which certainly does not renounce at craftsmanship of its employees, which contnues from three generations, he has decided to add to its exceptional pieces also a line that was only possible to realize a design with Cad and prototypes printed in 3D with proportions calculated to micron. The turning hi-tech, told, took place at the age of 40 years of age. Billionaire, famous, satisfied with his work and the recognition of its loyal customers (has boutiques in Mumbai, Delhi and New York), Modi has decided to introduce a line, Embrace, which is the fruit of the marriage between jewelry and engineering. One bracelet of Embrace collection, in fact, is made with gold and diamonds (up to 1,600), and may have even 800 junctions. It was inspired from classic elastic hair (Modi copied the one used by his daughter). In fact, the bracelet is flexible and can be expanded to of the wearer. Of course, wear 1,600 diamonds held together by gold is not the same thing as an elastic hair. Even for the price: from 8,000 to 36,000 US dollars. Rudy Serra

Una linea centrale di diamanti rosa fissati in oro rosa 18 carati. Prezzo: 9000 dollari

Una linea centrale di diamanti Pixie set in oro bianco 18 carati. Prezzo: 8000 dollari

Una linea centrale di diamanti Pixie set in oro giallo 18 carati. Prezzo: 7600 dollari

Diamanti per oltre 1,50 carati fissati in oro rosa 18k. Prezzo: 21.200 dollari

Diamanti per oltre 1,50 carati fissati in oro bianco 18 carati. Prezzo: 18.800 dollari

The Oscars of the jewels

Published on February 29, 2016

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Lady Gaga con orecchini di diamanti taglio smeraldo: valutati 8 milioni di dollari

Who won the Oscar of the jewelry? Whenever the headlights are lit on the most famous awards, attention also focuses on dresses and jewelry of movie stars. But for 2016, perhaps, it will remain the memory of the jewels of two pop star, Lady Gaga and Priyanka Chopra. Both wore jewelry that have left gaping. Lady Gaga wore a set of earrings with emerald cut diamonds estimated $ 8 million. Yes, 8 million. It was slightly less than the value of the jewels of the Indian model and singer Priyanka Chopra, since the earrings with diamonds 50 carat Lorraine Schwartz, valued at more than $ 3 million, as well as diamond rings, including a 10-carat value rose $ 850,000, and another 8 carats from 300,000, plus a fancy pink 20-carat Golconda. In short, he had on his hands a total of 67 carats with a value of about 2.5 million.
In comparison of this, the jewels to 2.8 million of Chrissy Teigen seemed a small thing (so to speak). Others spotted jewelry on the red carpet: Sofia Vergara chose Lorraine Schwartz earrings with sapphires 65 carat next to diamonds. Heidi Klum showed the rings she wore diamond 20, 12 and 16 carats on Instagram. Kate Winslet, before embracing Leonardo DiCaprio, has hooked earrings Indian brand Nirav Modi. He could not miss, obviously, Tiffany, worn by Cate Blanchett, Reese Witherspoon, Sophie Turner and Liev Schreiber. In particular, Cate Blanchett wore a bracelet, a ring and earrings in the collection Blue Book 2016, while Reese Witherspoon opted for bracelets and earrings with diamonds and a platinum ring with tsavorite. Sophie Turner has completed her look with a necklace, earrings and ring with diamonds, more and Tiffany, while Liev Schreiber has worn a watch Tiffany CT60. Finally, Elizabeth Banks wore jewels in platinum and diamond Tiffany & Co. Lavinia Andorno

L'anello con diamante a forma di cuore di Lady Gaga — L’anello con diamante a forma di cuore di Lady Gaga

A destram, Liev Schreiber con orologio Tiffany

Priyanka Chopra con orecchini e anelli di diamanti

Sofia Vergara con orecchini Lorraine Schwartz

Olivia Culpo con collana e orecchini Pasquale Bruni

Zendaya con il collier collier in oro bianco e 3754 diamanti