Flawed: The Rise and Fall of India’s Diamond Mogul Nirav Modi

In early 2018, the spectacular collapse of Nirav Modi’s Firestar Diamonds International—once poised to become India’s first global luxury brand—sent shockwaves through the country’s diamond industry and banking system. Accused of defrauding banks of US$1.8 billion, Modi’s downfall cast a harsh spotlight on an entire business community and ignited an international scandal. Through personal encounters, sharp interviews, and meticulous research, this gripping account unravels the astonishing twists in the Nirav Modi saga. From his beginnings as a third-generation diamantaire apprenticing under his uncle, Mehul Choksi, to building a worldwide empire with stores in London, New York, and Hong Kong, Modi appeared to have it all. Yet behind the façade of success lay a reclusive man with a taste for the high life—one whose ambitions may have pushed him too far. Flawed vividly chronicles the meteoric rise of a global player and his dramatic fall from grace. Arresting and thought-provoking, it raises crucial questions about how one man’s relentless pursuit of success can bring an entire system to the brink of collapse.