#diamond fraud

[newzzhub]

Nirav Modi’s brother Nehal charged with diamond fraud in New York

Nirav Modi’s brother Nehal charged with diamond fraud in New York

US prosecutors have charged Nehal Modi, the younger brother of fugitive diamond merchant Nirav Modi, with defrauding a New York wholesale supplier of diamonds worth $2.6 million. He has been charged with Grand Larceny in the first degree, which is theft of property worth more than $1 million, and it can land him in jail if convicted. The younger Modi is accused of procuring diamonds from LLD…

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[wealthymatters]

Dithering Over Diamonds

Honestly, I love diamonds. And love coloured diamonds more.

And I have had a bit of good luck with them. In 2008,in the midst of the financial crisis, I bought a few yellows from a person with a cutting and polishing factory, who had little use for them in a market with a decided preference for the white variety. Last week I was pleasantly surprised to see just how much yellows had since then…

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