Bankrupt developer John McCabe and his wife Mary were directed by a High Court judge yesterday to pay €680 a month for the next two years to pay their creditors.

Nama is to receive over $200,000 (€148,000) after the 8.38-carat diamond solitaire ring belonging to a property developer’s wife sold at a US auction.

Nama has set its sights on diamonds — rings, bracelets and necklaces.