Jewellery linked to McMafia order seized from Christie’s auction house

Jewellery seized from Christies linked to the unexplained wealth order imposed on Zamira Hajiyeva

The stones and precious metals, worth £400,000, were allegedly bought by jailed Azerbaijani banking fraudster Jahangir Hajiyev, the National Crime Agency (NCA) said.

His wife, Zamira Hajiyeva, was revealed last month to have been the first person in the UK to be subject to a UWO.

The 49 items of jewellery are said to include a £20,000 necklace originally bought by Hajiyev in the upmarket Swiss resort of St Moritz in 2008.

Jewellery worth £400k linked to first Unexplained Wealth Order (UWO) seized by NCA
Image: The jewellery seized from Christie’s includes several necklaces

They also include a Boucheron necklace worth up to £120,000 and were left with Christie’s to be valued for Hajiyeva’s daughter, Leyla Mahmudova, the NCA added.

A judge said the items, which were seized on Tuesday, can be held for six months as the NCA investigates.

The NCA said the seizure had been carried out under the “listed assets” provision introduced by the Criminal Finances Act 2017.

“It is the view of the NCA that the source of the funds to purchase the jewellery requires further investigation,” the agency said.

Jewellery worth £400k linked to first Unexplained Wealth Order (UWO) seized by NCA
Image: The items were left with Christie’s to be valued for Zamira Hajiyeva’s daughter

Hajiyeva, who spent more than £16m in Harrods between September 2006 and June 2016, had originally been named at a High Court hearing only as “Mrs A”.

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Her identity was revealed in October after an anonymity order was lifted by a judge, who ruled “no good case” had been made for its extension.

She was issued with two UWOs – which are nicknamed McMafia orders after a book and TV drama of the same name.

The orders were against two properties worth £22m in total, one of which was her £11.5m Knightsbridge home.

Zamira Hajiyeva, picture taken approx 2017
Image: Zamira Hajiyeva spent more than £16m in Harrods over 10 years

The property, which was bought in 2009 by a company registered in the British Virgin Islands, was within walking distance of Harrods where Hajiyeva was given three separate loyalty cards.

Hajiyev was the chairman of the state-run International Bank of Azerbaijan between 2001 and 2015. He was later jailed for 15 years for fraud and embezzlement.

Lawyers for Hajiyeva have previously said in a statement the UWO “does not and should not be taken to imply any wrongdoing, whether on her part or that of her husband”.


This jewellery stock closes with 27% gains, surged 82% in 6 days

This jewellery stock closes with 27% gains, surged 82% in 6 days

hares of PC Jewellers traded at Rs 88.20, soaring 27.09 percent at market close on Friday. The stock opened at Rs 76.30, up 9.85 percent from its Thursday’s close of 69.40. Intra-day, the smallcap stock surged nearly 30 percent to hit the day’s high at Rs 90.25.

The stock outperfomed the sector by nearly 24 percent on Friday and has been rising from the last six days on value buying, fueled by hopes of increase in festive sales.

During the period, it has gained 82.15 percent, rising from its 52-week low value of Rs 46.85 on October 26 last month.

For the year, the stock has fallen by nearly 75 percent. The jewellery stock had touched its life-time high of Rs 600.65 earlier this year on January 16.

The stock ended above its 20 day and 50 day moving average of Rs 55.68 and Rs 71.19, respectively, but settled lower below its 100 day moving average of Rs 93.83 and 200-day moving average of Rs 208.6.
Meanwhile, benchmark indexes closed higher on Friday, ending week with 5 percent gains. The Sensex settled at 35,011.65, rising 580 points, or 1.68 percent, while the Nifty ended at 10,553, gaining 172 points or 1.66 percent.


SBI Card Diwali 2018 Offer: Get 25% discount on diamond jewellery, 50% on Gold making

SBI Card Diwali 2018 Offer: Get 25% discount on diamond jewellery, 50% on Gold making

Planning to buy gold or diamond jewellery this Diwali? Here’s is good news if you are using SBI Card. The credit card company has tied up with several retail brands where you can get heavy discounts on diamond jewellery and the making of gold jewellery. Here is the full list of brands with whom the SBI has joined hands and the discounts you can get by making a purchage with SBI Card.

– BC Sen Jewellers – Cardholders can get 25% discount on making charges of Gold Jewellery.

– Chawla Jewellers – Cardholders can get 50% discount on making charges of Gold Jewellery.

– Dhirsons Jewellers – Cardholders can get 50% discount on Diamond Polki.

– Glamour Jewellers – Cardholders can get 5% discount on purchases of Gold Jewellery.

-Khanna Jewellers- Cardholders can get 25% discount on making charges of Gold Jewellery.

-Kiah Jewellers- Customers get 25% discount on Diamond Jewellery

– Orra Jewellers – Cardholders can get flat 10% Off on Diamond studded Gold and Platinum Jewellery worth Rs.1.5 lakh and above.

– PP Jewellers – Cardholders can get Rs. 100 Off per gram on Gold Jewellery, Upto 20% Off on Diamond Jewellery,10% Off on making charges of Platinum Jewellery & 10% Off on Gem Stones.

– Punjab Jewellers- Cardholders can get 20% discount on Diamond Jewellery

– RC Jewellers- Customers get 20% discount on the cost of Diamonds

– Senco Gold & Diamonds – Cardholders can get upto 20% discount on Diamond Jewellery.

– Sparkles Jewellers- Customers get additional 5% Off on the existing offer


Kamarbandhs, chandbalis back in jewellery trends

With back-to-back festivals like Navratri, Karva Chauth, Diwali and Chhath Puja, women desire to dress up and look their best for each occasion. Be in sync with the latest jewellery trends. Yash Agarwal, Creative Director and Design Head at Birdhichand Ghanshyamdas Jaipur, and Raminder Singh, Principle Jewellery Designer at BlueStone, list some festive jewellery trends.

Multi-layering necklaces
One of the biggest trends for this festive season is multiple layering of the neckpieces. One can accessorise a simple lehenga or an Anarkali by adorning beautifully carved handcrafted chokers with multiple mid-length or long-length necklaces to look regal.

Statement earrings
Statement pieces are huge this season. One can adorn classic statement earrings to create minimalistic yet chic looks. Kashmiri jhumkas or chandbalis can look stunning when clubbed with striking colours.

To give a classic look, one can experiment the unconventional way by wearing a beautiful maang-tika or mathapatti. Stacking bangles or bracelets along with headgears creates a playful vibe to the attire.

Traditional kamarbandh:
The quintessential kamarbandh of Indian heritage is one of the biggest jewellery trends for this season. They are eternally stylish and versatile and are perfect to complete your look this festive season.

Experimenting with colours
For the fun-filled festivities of Navratri, one can try replacing traditional gold jewellery with precious coloured stone jewellery. It adds colour to a monochrome look or matches the tone of your outfits. Opting for statement jewellery made of Rubies, Emeralds, Sapphires and Diamonds will definitely catch attention this festive season.

Buy gold on smartphone!

In India, gold is associated with traditions, emotions and even pride. Also, a lot of people prefer to buy gold instead of saving in cash or exploring other investment options. What if that we told you that you can now buy gold online from the comfort of home using your smartphone?

PhonePe, India’s fastest growing digital payments app, has emerged as the most preferred biggest destination for purchasing gold online. The company has forayed into gold buying where users can chose to buy certified 24K gold of 99.5% purity with SafeGold and 99.99% purity with MMTC-PAMP, for as low as INR 1 at transparent prices.

All gold prices are linked with rates in the commercial bullion market and customers can also choose to get physical delivery of the gold they buy. What’s more all customers get a free locker for the gold they purchase. Gold, in Indian history, is more than an investment, it is a culturally significant metal which has found a place in Indian hearts and homes alike.

Dhanteras is a festival for all & it isn’t just about money. It’s more about health, wealth and happiness of the soul. So, this Dhanteras, bring home the blessings of Goddess Lakshmi and enjoy the festival with friends and family.

— Karthik Raghuathy – Head of Strategy & Planning, PhonePe.