The report shows that couples are searching for vintage and antique rings, gold jewelry, pearls, and colorful pieces.
Arun Mehta, Co-Founder of Rosy Blue, Dies at 80
Diamond businesses in Surat and Mumbai closed today in honor of Mehta, the “doyen of the Indian diamond industry.”
Mumbai—Arun R. Mehta, one of the founders of global diamond giant Rosy Blue, died Sunday in Mumbai.
He was 80.
In 1969, the company became a Diamond Trading Co. (DTC) sightholder and, over the decades, grew into a global force in the diamond industry. The company changed its name to the Rosy Blue Group in 2000.
Today, Rosy Blue has offices in a dozen countries worldwide.
Still a De Beers sightholder as well as a client of Alrosa, it trades in both rough and polished diamonds, and manufactures polished diamonds and finished jewelry.
In 2018, Rosy Blue purchased a minority stake in Ramat Gan-based diamond manufacturer Leo Schachter.
Outside of the family business, Mehta was an active member of the industry.
He was a founding member of the Bharat Diamond Bourse, and served on the bourse’s committee and as its chairman.
He also was associated with the Bombay (now Mumbai) Diamond Merchants Association and was a member of the Gem & Jewellery Export Promotion Council’s Working Committee.
In a statement issued Monday, the GJPEC called Mehta the “doyen of the Indian diamond industry,” praising his integrity and ethics as well as his willingness to mentor other Indian diamantaires.
“His approach was practical, simple and effective, leading him to be one of the most sought-after advisors and problem-solvers, be it for personal or professional issues, and it is testament to his immense humility that he never declined to support someone who sought his counsel.”
Diamond businesses in Surat and Mumbai were closed today (June 16) in Mehta’s honor, the GJEPC said.
Outside of the diamond industry, Mehta was involved with many charities in India including the GJEPC’s Gem & Jewellery National Relief Foundation.
One of his granddaughters, Shloka Mehta Ambani, director of the Rosy Blue Foundation, said of her grandfather: “My dada actively served on the board of several trusts and projects … and always went deeper and met the beneficiaries, got involved with the organization and its processes.”
Mehta is survived by his wife, Rajanika; son Russell (wife Mona), who runs Rosy Blue India; daughters Amita Samir Mehta (husband Samir) and Alpa Nishit Kothari (husband Nishit); brothers Dilip and Harshad; and numerous grandchildren and great-grandchildren.
The Latest
He’s remembered as a “font of passion,” leaving behind a legacy of dedication to his craft and community.
The first one will take place next month during the Jewelers of Louisiana’s and Mississippi Jewelers Association’s conventions.
For over 30 years, JA has advocated for the industry, fought against harmful legislation and backed measures that help jewelry businesses.
The redesigned boutique features interactive displays and a workshop space for hands-on learning about watchmaking.
A combination of factors is driving growth in the industry despite the precipitous drop in prices across the board.
By the end of this year, SRK’s diamond manufacturing complexes will achieve net zero emissions, one of an impressive array of achievements.
Ho Brothers offers scalable solutions for the future of custom jewelry.
The company plans to invest $25 million in marketing initiatives to boost awareness around its namesake and licensed brands.
Optimism about the current state of the economy was offset by anxiety around inflation and the political environment.
The former WJA executive director is MFM’s new managing director.
DDG encourages retailers to educate customers on the positive impact of purchasing natural diamonds.
Highlighting the most iconic Tiffany collections, it’s inspired by the company’s late window designer, Gene Moore.
Jen Cullen Williams and Duvall O’Steen explore how jewelers can save time and money by using AI to analyze engagement and create content.
The retailer previously turned down an $8.4 billion offer in 2018.
The Florida store’s owner Miguel Gonzalez is retiring.
The lab stresses the importance of accurate identification, as the difference in price is “substantial.”
The brand also plans to expand its retail footprint from 138 to 200 stores over the next three years.
One is reserved for a NAJA member, the other for a non-member.
Longtime employees Carie Lehrke and Megan Mattice have received promotions.
Three guests joined National Jeweler and Jewelers of America to discuss trending time periods, spotting reproductions, and more.
Chris Clipper and Robert Lepere join the company with 50 years of combined experience.
The trendy, metallic earrings wink at classic spring colors.
JSA said a man and woman pulled the safe out of an Oakland jewelry store but couldn’t quite get it into their van.
The miner’s March auction generated $19 million.
Helen McCluskey will succeed H. Todd Stitzer when he meets his 12-year term limit in June.
“Chopard x Julia Roberts” showcases the first gems cut from the 6,000-carat-plus “Insofu Emerald."