Russell Mehta, 58, managing director of Rosy Blue, is one of the world’s leading and successful diamantaires.
Wiki/Biography
About 50 years ago, his father founded a company and started trading as “B Arunkumar” which has now been renamed Rosy Blue and is still a world leading, trustworthy and successful supplier to the diamond industry.
He also owns a jewelry retail brand, “Orra”.
They have more than 30 stores across India and 12 stores in 12 other countries around the world.
family, caste and wife
He was born into a Hindu-Gujarati family in Bhav Nagar, Gujarat. His father Arun Ramniklal Mehta was initially engaged in cotton cultivation and later founded a company called “B Arunkumar”.
His father is the company’s chairman – Rosy Blue – and Russell is managing director.
He has a brother, Ragin Mehta, who also helped his father and brother start a very successful diamond business.
He is married to Mona Mehta, who was allegedly in a relationship with NAB fraudster Nirav Modi, and has three children, two daughters – Dia Mehta Diya Mehta, Shloka Mehta and son Viraj Mehta.
His daughter Shloka Mehta is getting married to Mukesh Ambani’s eldest son Akash Ambani and two other children are also married.
Profession
Russell Mehta holds a B.com degree from Mumbai University and a diploma in diamonds Russell’s father, Arunkumar Ramniklal Mehta, started trading diamonds with the “B Arunkumar” label more than 50 years ago. Their company, now renamed Rosy Blue, continues to be a leading, trusted and successful supplier to the diamond industry.
Over time, Rosy Blue has become one of the most recognized names in the global diamond industry.
They have their own retail diamond jewelry brand – Orra. They have more than 30 stores across India and are present in 12 other countries around the world.
dispute
- Their company, Rosy Blue, was recorded as intervening with Appleby’s help in a bank fraud case against one of its offshore entities. They also show that Rosy Blue reached an out-of-court settlement in September 2010 that included a guarantee to pay up to $14 million.
- He was one of the six alleged beneficiaries of the trust and in 2016 the Bombay High Court stayed a petition filed by NRIs – purported beneficiaries of the same trust linked to the HSBC Geneva account – seeking to evade investigation by the Indian tax authorities.
fact
- He owns retail diamond jewelery brand Orra, which has over 30 stores in India and successfully trades with 12 other countries.
- Rosy Blue, a Russell company, has an annual turnover of approximately Rs 4,000 crore.
- He is the Managing Director of Rosy Blue, one of the world’s largest diamond jewelry companies.
Categories: Biography
Source: HIS Education