Nirav Modi’s Jewellery Advice

Nirav Modi’s Golconda necklace and coloured diamond ear pendants that was auctioned by Christie’s for 16 Crores

1)Where you get your diamonds certified is a big a deal as most labs have varying standards. The Gemological Institute of America (GIA), with its stringent standards is recommended by NiravModi.

2) Diamonds are an excellent way to store wealth. They don’t leave a messy paper trail, and government permissions aren’t so stringent. Also, according to Nirav, diamonds that weigh 3-carats and more appreciate very well. Prices will double every 10 years.This has been noticed over an 80-90 year period.

3) Given the current dismal economic climate, investing in diamonds, especially coloured diamonds like pink diamonds, might be a good idea. These precious stones have been consistently out-performing gold, silver and shares in the recent past.

4) The blue Tanzanite stone, found only in Tanzania, is a great alternative to the ‘cursed’ sapphire.

5) Basra pearls are no longer available because of the situation in Iraq. So any Basra pearl necklace should immediately becomes a rare heirloom and treated with care.