Fifteen-carat yellow diamond ring, serpent clutch among luxury haul from Singapore’s biggest money laundering case

Singapore's largest money laundering case, which involved over 1,000 items and 80 properties seized in August 2023, is now being auctioned off by luxury auction house Hotlotz. Among the luxury haul are a 15-carat yellow diamond ring, a pink enamel clutch shaped like a serpent's head, and a 30-carat Hermes Kelly diamond bracelet containing 263 diamonds.

Auctions for these items will take place online from September 2023 through May 2027, with viewing sessions beginning next Monday. The highest bid so far for a handbag was S$39,000 for a limited-edition Louis Vuitton Yayoi Kusama leather pumpkin bag, while a 15.02-carat yellow diamond ring has attracted a top bid of S$190,000. The auction house expects strong demand, despite the high-profile nature of the case, as buyers often value an item's provenance.

Brief written by urgent.news from Malay Mail's own syndicated text. Machine-written — may contain errors; check the original before relying on it.