Russell Mehta, the 58-year-old CEO of Rosy Blue, is one of the world’s most prominent and successful diamantaires.
His father founded a company about 50 years ago, B Arunkumar, which has now been renamed Rosy Blue, and is still one of the world’s most trusted and successful diamond suppliers.
He also owns the ‘Orra’ retail brand for their jewellery.
They have approximately 30 stores across India, as well as 12 outlets in other countries across the world.
Family, Caste & Wife
In Bhavnagar, Gujarat, he was born into a Hindu-Gujarati family. His father, Arun Ramniklal Mehta, created a company called B Arunkumar after originally doing cotton farming.
His father, Roy Blue, is the company’s chairman, and Russell is the managing director.
Ragin Mehta, his brother, also assists his father and brother in their highly successful diamond company.
Shloka Mehta, Mukesh Ambani’s eldest son, is marrying Akash Ambani, and Mukesh Ambani’s other two children are already married.
Russell Mehta has a B.com and a Diploma in Diamonds from Mumbai University. Arunkumar Ramniklal Mehta, Russell’s father, started trading diamonds with the mark “B Arunkumar” more than 50 years ago. Their company has been renamed Rosy Blue, and it continues to be one of the most trusted and successful diamond suppliers in the world.
Rosy Blue has grown to be one of the most recognisable names in the diamond industry.
Orra, their own retail diamond jewellery brand, was founded by them. They operate more than 30 outlets across India, as well as in 12 other countries across the world.
According to records, their business Rosy Blue enlisted Appleby’s assistance to intervene in a bank scam involving one of their offshore businesses. They also reveal that in September 2010, Rosy Blue struck an out-of-court settlement that included guarantees of up to $14 million in payment.
He was one of six putative beneficiaries of a trust, and his name was brought to light after the Bombay High Court in 2016 halted a writ petition filed by an NRI (an accused beneficiary of the same trust linked to an account with HSBC Geneva) in order to avoid tax Indian authorities’ inquiry.
- He is the owner of Orra, a retail diamond jewellery business with over 30 outlets in India and a profitable trade relationship with 12 other nations.
- Rosy Blue, a Russell corporation, with an annual revenue of around 4000 crores.
- He is the CEO of Rosy Blue, one of the leading diamond jewellery firms in the world.
- Here’s a link to his biographical video: Russell Mehta’s Lifestyle film