She is remembered by loved ones as a “guiding force” behind the store and an active presence in her community.
Nearly $4M in Loose Diamonds from Firestar Up for Auction
Once the property of Nirav Modi’s former company, the stones range in size from 0.10-1.25 carats.
New York—A total of 50 lots of loose diamonds once in the inventory of Firestar Diamond, one of Nirav Modi’s former companies, are up for auction.
The diamonds range in size from 0.10-1.25 carats and are G-J in color and IF-I3 in clarity. They are mostly round brilliants mixed with a sprinkling of princess cuts.
Estimated at more than $3.8 million, the diamonds are being sold off via a sealed bid auction.
A PDF detailing all the lots can be viewed online. Those interested in seeing the stones in person can make an appointment on the Firestar auction website. Slots are available for Thursday.
The sale of loose diamonds is the sixth in a series of inventory sell-offs for Firestar Diamond Inc. and Fantasy Inc., the two U.S.-based companies once owned by Modi that filed bankruptcy and then were liquidated after news of the diamantaire’s alleged bank fraud came to light in early 2018.
Modi remains jailed in the United Kingdom following his arrest last month. The Indian government is seeking his extradition.
The big sale of Firestar and Fantasy goods took place in late September/early October when the bankruptcy trustee sold off more than $15 million in inventory and intellectual property, including the trademark on and web domain for “Diamonds Are a Girl’s Best Friend.”
To bid on the loose diamonds, interested parties must email the necessary forms to the bankruptcy trustee and his counsel by 5 p.m. EDT this coming Friday, April 12. The email address for submitting bids is bids@firestarauction.com.
The Latest
The emerald earrings reference objects from designer Melinda Zeman’s childhood.
The report shows that couples are searching for vintage and antique rings, gold jewelry, pearls, and colorful pieces.
For over 30 years, JA has advocated for the industry, fought against harmful legislation and backed measures that help jewelry businesses.
He’s remembered as a “font of passion,” leaving behind a legacy of dedication to his craft and community.
The first one will take place next month during the Jewelers of Louisiana’s and Mississippi Jewelers Association’s conventions.
The redesigned boutique features interactive displays and a workshop space for hands-on learning about watchmaking.
Ho Brothers offers scalable solutions for the future of custom jewelry.
A combination of factors is driving growth in the industry despite the precipitous drop in prices across the board.
The zone’s modernization will enhance and increase India’s jewelry manufacturing capabilities while aiding small and mid-sized businesses.
By the end of this year, SRK’s diamond manufacturing complexes will achieve net zero emissions, one of an impressive array of achievements.
The company plans to invest $25 million in marketing initiatives to boost awareness around its namesake and licensed brands.
Optimism about the current state of the economy was offset by anxiety around inflation and the political environment.
The former WJA executive director is MFM’s new managing director.
DDG encourages retailers to educate customers on the positive impact of purchasing natural diamonds.
Highlighting the most iconic Tiffany collections, it’s inspired by the company’s late window designer, Gene Moore.
Jen Cullen Williams and Duvall O’Steen explore how jewelers can save time and money by using AI to analyze engagement and create content.
The retailer previously turned down an $8.4 billion offer in 2018.
The Florida store’s owner Miguel Gonzalez is retiring.
The lab stresses the importance of accurate identification, as the difference in price is “substantial.”
The brand also plans to expand its retail footprint from 138 to 200 stores over the next three years.
One is reserved for a NAJA member, the other for a non-member.
Longtime employees Carie Lehrke and Megan Mattice have received promotions.
Three guests joined National Jeweler and Jewelers of America to discuss trending time periods, spotting reproductions, and more.
Chris Clipper and Robert Lepere join the company with 50 years of combined experience.
The trendy, metallic earrings wink at classic spring colors.
JSA said a man and woman pulled the safe out of an Oakland jewelry store but couldn’t quite get it into their van.