Rosy Blue’s Arunkumar R. Mehta passes away, diamond bourses shut on Tuesday to pay respects
Diamond industry leader and Rosy Blue founder Arunkumar R. Mehta has passed away. The Bharat Diamond Bourse and Surat Diamond Bourse remained closed on Tuesday as a mark of respect.
“It is with profound sadness that we wish to inform you about the passing away of Arun R Mehta. Arunbhai, an industry stalwart and highly respected community leader was a guiding force and mentor to many,” the Gem and Jewellery Export Promotion Council, BDB, and Mumbai Diamond Merchants Association said in a joint statement. “He was 80 and is survived by his wife Rajnika, son Russell and daughters Amita Samir Mehta and AlpaNishit Kothari, his daughter in law Mona, and sons in law Samir Mehta and Nishit Kothari, along with many grand and great grandchildren.”
“He was able to seize opportunities but above all else he always prioritised high integrity and business ethics, helping the industry, like Rosy Blue, gain a favourable and trustworthy reputation,” said the three organisations.
Mehta, originally from Palanpur, founded diamond business B Arunkumar & Co and later renamed the venture Rosy Blue. The business is one of the world’s largest diamond traders and an established De Beers sight-holder.
Mehta is known for setting up one of India’s earliest diamond cutting and polishing facilities and marketing initiatives, ET Bureau reported. He was also a long-time member of the Managing Committee of the Bharat Diamond Bourse.
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