When on Saturday, one of India’s most wanted fugitives Nirav Modi was spotted in London, one of the most remarkable observations was his jacket. The businessman was seen donning an expensive jacket made up of the Ostrich which was according to the Telegraph’s report could cost to the tunes of £10,000 (~INR 9,11,000). But where does this cost stand with regards to other jackets made up from the skin?
Let’s first understand what is actually the process of obtaining such wearable
The ostrich farming industry has been various phases over the last centuries. In the 18th century, ostrich feathers were popular among women that the bird almost got extinct from the North America.
Ostrich leather arrives to its form after the tanning skins are taken from African ostriches who are farmed for their feathers, skin and meat. The leather is distinctive for its pattern of bumps and requires a specialised and expensive production process which results in value to be extremely costly.
The production process is carried out in three stages: raw, crust, and finally the product. As it is expensive to manufacture all three processes, countries that produce ostrich skins on a smaller scale, export them at the earlier stages. South Africa is a top processor of finished skins. Several African countries are engaged in ostrich skin processing such as Zimbabwe, Namibia, Botswana. Botswana.
Where does the cost of Nirav Modi’s jacket stand with regards to other jackets made up from the skin?
Earlier, last year, the jacket of Paul Manafort, Donald Trump’s former campaign manager came into limelight. He was apparently noticed to have a $15,000 ostrich jacket, which now roughly translates to INR 10,50,000. Even the seemingly huge value was said as rather a bit overwhelming by Henry Slaughter, the owner of Ostrich Alligator Market in Melbourne, Florida in a report by The Guardian.
Exclusive: Telegraph journalists tracked down Nirav Modi, the billionaire diamond tycoon who is a suspect for the biggest banking fraud in India’s historyhttps://t.co/PpsjGeFEsy pic.twitter.com/v3dN5NotzQ
— The Telegraph (@Telegraph) March 8, 2019
On Manfort donning the expensive outfit, Slaughter had added, “I’m surprised Manafort got that cheap a jacket, since he lives well. I’d assume he’d spend $50,000.”