Skip to content
Search

Latest Stories

Absconding Jeweller Nirav Modi’s Fake Diamond Rings Cost Canadian Man his Relationship

India’s absconding celebrity jeweller, Nirav Modi allegedly sold two fake diamond rings to a Canadian citizen, Paul Alfonso for £153400 that caused him to lose his lover which ultimately pushed him to depression.

Alfonso said that he contacted the police in New York and in Vancouver and has also registered an unlimited civil lawsuit against Modi with the superior court of California, suing him for £3.22 million, according to report published in Hong Kong daily South China Morning Post.


Alfonso was unaware of the alleged criminal activities of Modi when he purchased the rings to propose his girlfriend. When the couple found out that the rings were fake, the love affair ended and Alfonso’s life turned into a nightmare.

In April 2018, Alfonso sent an email to Modi, asking for a special engagement ring, at a cost of £76696.50 to propose to his girlfriend. Accordingly, Modi agreed to supply a 3.2 carat round brilliant diamond cut, D colour, VVS1 – a high-quality grade and colourless stone at 92035.80.

Alfonso purchased another 2.5-carat oval diamond for £61357.20 after his girlfriend wanted a new ring in a different special design. He received both rings in June.

The originality of the two rings supplied by Modi came into light when Alfonso’s fiance took the rings to an appraiser. Alfonso’s girlfriend decided to end their relationship soon after she found out the rings were fake.

What went wrong is, Alfonso didn’t know that the celebrity jeweller was already a most wanted man for his alleged financial crime. In January 2018, India’s Punjab National Bank (PNB) registered a criminal complaint accusing Modi and his relatives of defrauding the bank.

According to the South China Morning Post, Alfonso said that he has suffered from financial loss and depression after he realised that the two diamonds were not original. “After that, I just could not function,” he says. “I realised that even if I go after this guy, there are so many creditors before me who are trying to get compensated.”

The incident has adversely impacted the business of  Alfonso as he has been focusing on seeking justice in the case.

More For You

Nirmala Sitharaman

India's finance minister Nirmala Sitharaman said the Goods and Services Tax (GST) structure would be simplified from four slabs to two, with reductions across several sectors. (Photo: Getty Images)

India cuts consumption taxes, simplifies structure into two slabs

INDIA announced a major cut in consumption taxes on Wednesday, days after the United States imposed steep tariffs on Indian goods.

India's finance minister Nirmala Sitharaman said the Goods and Services Tax (GST) structure would be simplified from four slabs to two, with reductions across several sectors. In some cases, levies have been reduced by more than half.

Keep ReadingShow less
Jio Platforms

Jio Platforms includes India’s largest telecom operator, Reliance Jio Infocomm, with more than 500 million users. (Photo: Reuters)

Reuters

Jio IPO planned for mid-2026, AI unit announced with Meta and Google

RELIANCE Industries plans to take its telecom and digital arm, Jio Platforms, public by mid-2026, chairman Mukesh Ambani said on Friday. The announcement sets a new timeline for the long-awaited IPO of a business analysts value at over $100 billion.

At its annual general meeting (AGM), Reliance also announced the launch of an artificial intelligence unit in partnership with Google and Meta.

Keep ReadingShow less
Asda tech overhaul

Asda sales fell 0.2 per cent in the three months to June 30, 2025 (AFP via Getty Images)

AFP via Getty Images

Asda boss hails tech overhaul as key to revival despite sales slump

THE chairman of Asda has admitted the supermarket chain still faces challenges after sales slipped again over the summer, but said the completion of a major IT overhaul was crucial for its recovery.

Allan Leighton told the Times that the long-delayed technology project, called Project Future, had finally been finished after years of setbacks and costs exceeding £1 billion. The work involved separating more than 2,500 systems inherited from former owner Walmart, following Asda’s 2021 takeover by TDR Capital.

Keep ReadingShow less
JLR-Getty

A logo is pictured outside a Jaguar Land Rover new car show room in Tonbridge, south east England. (Photo: Getty Images)

Getty Images

UK car exports to US rebound after trade deal

UK VEHICLE exports to the United States rose in July after a new trade deal between London and Washington reduced tariffs, industry data showed on Thursday.

According to the Society of Motor Manufacturers and Traders (SMMT), exports increased 6.8 per cent in July to nearly 10,000 units, following three consecutive months of decline.

Keep ReadingShow less
Relatives of jailed Briton appeal to UK minister in AgustaWestland row

Christian Michel

Relatives of jailed Briton appeal to UK minister in AgustaWestland row

THE family of Christian Michel, the British businessman accused of acting as a middleman in the AgustaWestland VVIP helicopter deal, has appealed to the UK government to push for his release from Delhi’s Tihar Jail.

Michel’s relatives met Foreign Office minister Catherine West in London on Tuesday (26). The Foreign, Commonwealth and Development Office (FCDO) said the minister listened to their concerns and updated them on ongoing steps being taken.

Keep ReadingShow less