Skip to content

Indian Diamond Tycoon’s Extradition Request Is Rejected By A UK Court

After a London judge rejected his appeal on Wednesday, fugitive Indian diamond mogul Nirav Modi will likely be extradited to India to face fraud and money laundering accusations.

Modi's counsel declined to respond, and Modi has vehemently denied any wrongdoing. The jeweller said that there was a great danger of suicide if he was extradited, according to a copy of the London court decision. The jeweller left India in 2018 before information about his suspected participation in a massive fraud at the Punjab National Bank became public. But on Wednesday, the London High Court decided that Modi, 51, could be kept secure in Mumbai's Arthur Road jail, where he is scheduled to be detained.

If Modi is extradited, there may be a significant danger of suicide, but the prison's setup will allow staff to handle Mr. Modi's situation appropriately, according to Judge Jeremy Stuart-Smith. Modi, whose diamonds have been worn by Hollywood celebrities including Dakota Johnson and Kate Winslet, has the right to appeal the decision to the UK Supreme Court. He was detained after being apprehended in Britain in March 2019.

ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT

Billionaire Laurence Graff paid a record-breaking $46.1 million for a magnificent vivid pink diamond weighing 24.78 carats. Originally owned by his competitor Harry Winston, it now carries graff’s name and is a part of the legendary collection of rare diamonds.

We usually advise brilliant round diamonds with a cut grade of very good, ideal, or super ideal for engagement rings (also known as hearts and arrows). A high cut grade maximises a diamond’s beauty for a given carat weight.

ADVERTISEMENT
ADVERTISEMENT

It’s crucial to have a concept of what you might prefer before starting your search because it will enable you to focus on fewer of the many engagement ring possibilities that are now available. Also, when you initially start browsing, it helps to have a few distinct design concepts and the overall budget because the variety can be overwhelming.

Here are Engagement Ring Trends 2023:

1. Modern Art-Deco
2. Colored Stones
3. Lab-Grown Diamonds
4. East-West Settings
5. Multiple Large Stones

The traditional round diamond form, which is the most common, may come to mind when you think of diamonds. But if you want something different, a tonne of alternative forms may be found to suit your unique taste and style. Each diamond shape has its own fire and brilliance because they are cut to different standards, altering how they reflect light.

The most popular kinds of diamonds are listed below:

1. Round Brilliant Cut Diamonds
2. Princess-Cut Diamonds
3. Marquise-Cut Diamonds
4. Cushion-Cut Diamonds
5. Emerald-Cut Diamonds
6. Radiant-Cut Diamonds
7. Pear-Shaped Diamonds
8. Oval Diamonds
9. Asscher-Cut Diamonds