Pursuits
Diamond Jeweler Turns Alleged Smuggler as India Gold Prices Rise
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In January, jeweler Vihari Sheth was publicizing a ritzy new line of diamond-encrusted designs. Last week, she was arrested at Mumbai airport with nearly $400,000 of gold jewelry in her underwear and on her person.
The 27-year-old has a store in Singapore and is married to a director of Mumbai-based Siyaram Silk Mills Ltd, a suit maker that is a household name in the country. She is suspected of smuggling to supply a relative’s stores in Mumbai, according to court documents examined by Bloomberg.