NIRAV MODI WAS MAN WITH MIDAS TOUCH
Billionaire Nirav Modi, who is now being investigated by the CBI for the mega bank fraud, figured in Forbes India’s Richest People List 2016, with a net worth of $1.74 billion. The jewellery designer grew up at Antwerp in Belgium, the diamond capital of the world, and started his own brand by the name of Nirav Modi. He is known for his high-value jewellery that have fetched prices above from Rs 10 crore at auctions conducted by leading houses like Christie’s and Sotheby’s. A diamond necklace designed by Modi fetched Rs 13 crore at a Christie's auction in Hong Kong in 2015. The 10.2 carat diamond necklace was previously sold in another sale by the auction house in the year 2011."The Orchid Ainra Necklace appreciated a phenomenal 71 per cent in value since its previous sale by the same auction house in 2011. Earlier in 2010, Modi’s Golconda necklace sold for Rs 16.29 crore at a Christie’s auction.
IN HAPPIER TIMES: Jeweller Nirav Modi with model and actress Lisa Haydon in Mumbai. (File photo)