A Rolls-Royce Ghost, Hermès handbags and rare paintings were among the luxury items seized from fugitive billionaire jeweller Nirav Modi that raised $7.65 million for India's tax authorities at an auction Thursday.
U.S. jewelry chain Samuels Jewelers has hired a turnaround adviser at the request of its creditors in a bid to avoid the fate of brick-and-mortar retailers that filed for bankruptcy amid intensifying competition.
Indian federal agents said on Monday they had launched an investigation into billionaire jeweller Nirav Modi, one of the country's richest men, over accusations that he and others defrauded a state bank of $44 million.
Nirav Modi, is continuing its international expansion, after opening standalone stores on New York’s Madison Avenue, Delhi and Hong Kong in 2015. This year, the company is set to launch new stores in London, Miami, Be...