Nehal Modi

(IDEX Online News) – The Phantom Luxury Group LLC has been created by the company’s two shareholders, Luster Industries Pvt. Ltd. and Phantom Holdings LLC.

 

The chairman and CEO is Nehal Modi, and the firm has three operating divisions. The main unit, Phantom Diamonds, will manufacture and market proprietary diamond cuts.

 

Phantom Diamonds are on sale at 400 outlets in the United States and are projected to be available at 2,000 outlets by 2015.

 

Meanwhile, the Phantom Refining division owns two precious metal refining facilities and has development plans to increase that number to 30 locations by 2015.

 

These facilities will also serve as buying offices for recycled diamonds, an increasingly significant element of the diamond market in the United States since the 2008 financial crash.

 

The third division, Phantom Capital, will deal with options for distressed diamond jewelry assets or overruns, and also provide loans against most precious gem assets including one-of-a-kind pieces.

 

Luster Industries, based in Mumbai, is an investment vehicle that holds interests in major international mining, diamond manufacturing and distribution and jewelry distribution companies.

 

Phantom Holdings was formed at the start of this year with the aim of making strategic investments in niche diamond and precious metal initiatives.