Diamond necklace by Nirav Modi fetches Rs. 13 crore at Christie’s auction

6ba38 sizedownsmall Diamond necklace by Nirav Modi fetches Rs. 13 crore at Christie’s auction6ba38 sizeupsmall Diamond necklace by Nirav Modi fetches Rs. 13 crore at Christie’s auction
 Diamond necklace by Nirav Modi fetches Rs. 13 crore at Christie’s auctionA diamond necklace designed by celebrated Indian jeweller Nirav Modi has fetched Rs. 13 crore at a Christie’s auction in Hong Kong, says a report.

The report further says that the diamond necklace was previously sold in another sale by the auction house in the year 2011. The necklace contains pear-shaped diamonds weighing 10.02 and 2.66 carats each and is spaced by a fancy purplish red hexagonal-shaped diamond. The Orchid Ainra Necklace achieved a price of Rs. 13 crores, an extraordinary 71 per cent appreciation in value since its previous sale by the same auction house in 2011. The jewellery was auctioned on June 2 in Hong Kong.

The diamond has been certified as a Type IIa diamond by Gemological Institute of America, the most sought after gems in the world due to their exceptional colour and clarity, adds a report. Red diamonds are said to be among the rarest in the spectrum of coloured diamonds. Pink and red diamonds are valued 50 times more than white diamonds, says a report.

Earlier, in 2010 the a Golconda Necklace by the jeweller was auctioned for Rs. 16.29 crore ($.56 million) by Christie’s while at a Hong Kong auction by Sotheby’s in 2012, a Riviere diamond necklace was sold for $5.1 million. Nirav Modi had shot to fame in 2010 by becoming the first Indian jeweller to be featured on the cover of a Christie’s auction catalogue, says a report.



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