Nirav Modi sold diamonds worth â¹27 lakh for â¹1 crore
Nirav Modi had sold diamonds worth â¹27 lakh for as much as â¹1 crore, according to reports. The valuation of diamonds seized by the Enforcement Directorate from Nirav Modi's showrooms was reduced to â¹489 crore against the book value of â¹1,785 crore, according to a government-authorised valuation. The real value of diamonds turned out to be 27% of booked value. 