Before becoming tainted by a Rs 13,000 crore scam, Nirav Modi's jewelry was the pride of luxury auction houses like Christie’s and Sotheby’s.
Modi fled India in January 2018 before the Rs 13,000 crore Punjab National Bank scam became public. Currently lodged in the UK’s Wandsworth prison in London, Modi is fighting his extradition to India, which was ordered by the UK government in April.
Before becoming a fugitive financial criminal, diamantaire Nirav Modi’s creations used to grace luxury auction houses like Christie’s and Sotheby’s, going for crores of rupees to jewelry aficionados of the world.
Here are 5 ultra-expensive creations by Nirav Modi that sold for more money than what it costs to buy luxury 4BHK apartments:
1. Orchid Ainra necklace – Rs 13 crore
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Auctioned at Christie’s in 2015, the necklace consisted of white diamonds with a red hexagonal-shaped diamond in the middle.
2. Eternity earrings – Rs 9 crore
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With its rare and exquisite design, the Eternity Earrings sold for HK $10,620,000 (around Rs 9 crores) at the Tiancheng International auction in 2015.
3. Golconda Lotus necklace – Rs 16.29 crore
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Fetching an eye-popping Rs 16.29 Crore at an auction at Christie’s, Hong Kong in 2010, the Golconda Lotus Necklace is made up of 24 pink diamonds from Australia’s Argyle mine, surrounding a flawless 12.29 carat Golconda diamond, famed across the world.
4. Reverie of Perfection – Rs 27 crore
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The Riviere of Perfection, a sparkling 88.88 carat diamond necklace, was superhit at a Sotheby’s auction in Hong Kong in 2012. The necklace’s craftmanship reportedly took more than two years.
5. Mogok Ruby Suite – Rs 105 crore
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Called one of the costliest jewelry pieces ever made in India, the Mogok Ruby Suite was unveiled in 2017 and priced at an unimaginable Rs 105 crore. The piece of luxury is studded with fine-cut diamonds brough together from across the globes, adorning rubies specially-procured from Myanmar’s Mogak mines.
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