By Amal Jhaveri
New York: The diamond industry mourns the loss of Arunkumar R. Mehta of Rosy Blue, a luminary of the diamond industry, who died on Sunday in Mumbai. Diamond industry in Mumbai and Surat remained closed on Tuesday to mourn the death. A visionary, he was a pillar of strength and an inspiration for many not just in India, but for diamantaires the world over.
Born in 1940 in Patan in Gujarat, he moved to Mumbai and set up a small diamond cutting and polishing unit in 1960, under the name B Arunkumar & Co. With his entrepreneurial genius, the company grew and grew, and today Rosy Blue is the biggest diamond manufacturing unit in the world with operations in Israel, Russia, Sri Lanka, Thailand, Belgium, China and of course, India. Rosy Blue also operates its own chain of Orra retail diamond shops in India. It remains a privately held, family-owned company, its chairman is Dilip Mehta, Arunbhai’s brother.
Arunbhai Mehta was the founding member of Diamond Exporters Association Ltd and was on the Managing Committee of Bharat Diamond Bourse and Gems & Jewellery Export Promotion Council. As a philanthropist, he was associated with several charitable, educational, and healthcare institutions.
Arunbhai is survived by his son, Russell Mehta, who heads the Rosy Blue Group, and a daughter. His grand daughter Shloka Mehta is married to Akash Ambani, son of Mukesh Ambani.
(The author was earlier a close associate of Arun Mehta in New York)