Sponsored by the Las Vegas Antique Jewelry & Watch Show
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
The Patek Philippe expert will serve as personal curator for the brand-focused company.
The 553-square-foot shop is aboard the Carnival Jubilee cruise ship.
With Ho Brothers, you can unlock your brand's true potential and offer customers the personalized jewelry experiences they desire.
NDC filed a complaint against Skydiamond for use of phrases like “diamonds made entirely from the sky.”
John Carter received the AGS’s highest honor Tuesday afternoon at Conclave in Austin, Texas.
LVMH said the company performed well despite an uncertain geopolitical and economic environment.
For over 30 years, JA has advocated for the industry, fought against harmful legislation and backed measures that help jewelry businesses.
B&D Sales and Service held a ribbon-cutting event for its new location in Cranston, Rhode Island.
It’s ultra-feminine and filled with gold, pearls, and soft pastels.
Emily Highet Morgan and Emily Bennett have joined the agency’s team.
Its updated book for mountings is also now available.
Joyce’s Jewelry sued the bank after cybercriminals drained its accounts of nearly $1.6 million through a series of wire transfers.
He is remembered by loved ones for his loyalty, integrity, and kindness.
Hosted by Freeman’s | Hindman, the sale will take place May 7-8.
The auction house said all 24 timepieces offered in its underground sale of rare and avant-garde watches quickly found buyers.
From lab-grown diamonds and AI to the inevitable Taylor Swift mention, here are some of Conclave’s most intriguing educational offerings.
From cybersecurity liability to trade show coverage, insurance experts share tips on how to build the right policy.
The charm is a modern rendition of the evil eye amulet that has been worn for thousands of years.
Ahead of its trade show next month, TJS awarded free registration and accommodations to one jewelry professional and three students.
By the end of this year, SRK’s diamond manufacturing complexes will achieve net zero emissions, one of an impressive array of achievements.
Members can still sell lab-grown stones, it said, but only natural gems are allowed on the show floor.
He is remembered for his charisma, passion, integrity, kindness, and wit.
The retailer also appointed two new board members, avoiding a proxy fight from a potential buyer.
The bridal collection consists of 35 engagement rings and seven wedding bands.
The crown introduced a dozen timepieces in Geneva, including a heavy metal version of its deep-sea divers’ watch.
The family-owned jeweler has a new education section on its website dedicated to the history of diamond cutting.