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Firestar
Nirav Modi Assets Set for Vegas Auction
A selection of jewelry and intellectual property belonging to Nirav Modi’s FirestarDiamond and Fantasy businesses will be up for auction at the JCK Las Vegas show. The sale will feature $3.5 million worth of Nirav Modi jewelry,...
Retail May 29, 2019 Rapaport News
Nirav Modi
Trustee to Sell Off Modi’s US Assets
The trustee for Indian fugitive Nirav Modi’s US assets willauction inventory and intellectual property belonging to his US jewelrybusinesses in the coming months. Over $15 million in diamond jewelry from Firestar Diamondand Fantasy, as well as $1 million...
Financial-Legal Sep 06, 2018 Rapaport News
Nirav Modi
US Firms Aided $4B Modi Fraud, Probe Finds
Nirav Modi’s US jewelry businesses were directly involved in the Indian fugitive’s alleged billion-dollar bank fraud, a court examiner has concluded. Mihir Bhansali, the CEO of Firestar Diamond, Fantasy and A. Jaffe, as well as Ajay Gandhi,...
Financial-Legal Aug 28, 2018 Joshua Freedman
A Jaffe 150
Paramount Acquires A. Jaffe for $5M
Paramount Jewels has bought New York-based jewelry supplier A. Jaffefor $5.2 million, according to court documents.A. Jaffe is part of Nirav Modi’s business empire along withhis other US jewelry companies, Firestar Diamond and Fantasy. Paramount...
Financial-Legal Jul 17, 2018 Rapaport News
Diamonds for Fantasy story 150
Unique Designs to Buy Modi Company Inventory
Jewelry manufacturer Unique Designs is the top contender to buy the assets of Nirav Modi subsidiary Fantasy, pending final bids in the auction of the company. Unique Designs has offered $725,983 in cash, according to a motion filed...
Retail Jul 15, 2018 Rapaport News
Nirav Modi 150
India Seeks Interpol’s Help in Hunt for Modi
Indian authorities have called on Interpol to help trackdown Nirav Modi, according to Reuters, following reports the fugitive jeweleris in the UK. The nation’s federal law-enforcement agency has asked the internationalpolice organization to issue a “red...
Financial-Legal Jun 13, 2018 Rapaport News
A Jaffe 150
US Court Stalls $8M Sale of A. Jaffe
The sale of A. Jaffe’s assets to Parag Diamonds is off forthe time being.The “sale motion” — a proposal to auction off A. Jaffe — has been withdrawn, according to a court notice the company’s lawyers filed last week. Parag, also...
Financial-Legal May 24, 2018 Rapaport News
Firestar
Parag Buys A. Jaffe’s Assets at Auction
A US court has named Parag Diamonds as thesuccessful bidder for the assets of A. Jaffe, one of Nirav Modi’s jewelrybrands. Four prospective purchasers attended the auction on May 3,participating in several rounds of bidding, according to a filing with the...
Financial-Legal May 09, 2018 Rapaport News
Gitanjali 150
Gitanjali Loses Sightholder Status
De Beers has terminated the sightholder status of Gitanjali Gems following fraud allegations against the Indian jeweler’s managing director,Mehul Choksi. De Beers took the decision in February, meaning Gitanjalican no longer make any purchases from...
Financial-Legal Apr 16, 2018 Joshua Freedman
Nirav Modi store
What We Know About Nirav Modi’s US Companies
The $2 billion fraud allegations against Indian jewelrytycoon Nirav Modi and Gitanjali Gems chief Mehul Choksi have shocked theindustry, as well as raising questions about the wider impact on the trade.One of the first casualties...
Financial-Legal Mar 07, 2018 Joshua Freedman
A.Jaffe jewelry
Firestar Chief Speaks Out on Nirav Modi Crisis
Firestar Diamond and its affiliates reported significant interest from companies looking to buy their operations, after filing for bankruptcy in the wake of fraud allegations against their ultimate owner, Nirav Modi.The three jewelers...
Financial-Legal Mar 04, 2018 Rapaport News
Three Firms Linked to Modi File for Chapter 11 150
Modi Latest: Three Jewelers File for Chapter 11
Three companies in Nirav Modi’s jewelry empire — A. Jaffe, FirestarDiamond, and Fantasy — have filed for bankruptcy in the US, with two of themhoping to find buyers soon.Indian investigators are probing allegations that Modidefrauded Punjab National...
Financial-Legal Feb 28, 2018 Rapaport News
christmas book
Neiman Marcus' Christmas Book 2011
Neiman Marcus unveiled the 85th edition of its annual Christmas Book in Dallas today and while the festive catalog is known for its fantasy gifts, the retailer is offering a number of jewelry collections too. Roberto...
Retail Oct 18, 2011 Jeff Miller
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