Rosy Blue is a privately owned Indian-Belgian company that has interests in clean energy, media, real estate, financial services and retail. The company also trades in precious commodities, rough diamonds, manufactures and distributes polished diamonds, precious/semi-precious gems and

jewellery Jewellery (or jewelry in American English) consists of decorative items worn for personal adornment such as brooches, ring (jewellery), rings, necklaces, earrings, pendants, bracelets, and cufflinks. Jewellery may be attached to the body or the ...

. The company is one of the largest diamond and gemstone traders worldwide and has 12 offices in seven countries around the world: Belgium, Israel, Hong Kong, Japan, United States, China, UAE (Dubai). Russell Mehta is the current chairman and managing director. Rosy Blue is a

De Beers The De Beers Group is a South African–British corporation that specializes in the diamond industry, including mining, exploitation, retail, inscription, grading, trading and industrial diamond manufacturing. The company is active in open-pi ...

sightholder The De Beers Group is a South African–British corporation that specializes in the diamond industry, including mining, exploitation, retail, inscription, grading, trading and industrial diamond manufacturing. The company is active in open-pi ...

History

The company was founded in 1960 by Arunkumar Mehta and his uncle Bhanuchandra Bhansali. In the 70’s the company headquartered in

Antwerp Antwerp (; ; ) is a City status in Belgium, city and a Municipalities of Belgium, municipality in the Flemish Region of Belgium. It is the capital and largest city of Antwerp Province, and the third-largest city in Belgium by area at , after ...

, Belgium and expanded its operations to several other diamond centers. In 2005 Rosy Blue became a founding and certified member of the Responsible Jewellery Council. In 2008 Rosy Blue became a signatory to the

United Nations Global Compact The United Nations Global Compact is a non-binding United Nations pact to get businesses and firms worldwide to adopt sustainable and socially responsible policies, and to report on their implementation. The UN Global Compact is the world's ...

. In 2017, Rosy Blue was named in both

Panama Papers The Panama Papers () are 11.5 million leaked documents (or 2.6 terabytes of data) published beginning April 3, 2016. The papers detail financial and attorney–client information for more than 214,488 offshore entities. These document ...

and

Paradise Papers The Paradise Papers are a set of over 13.4 million confidential electronic documents relating to offshore investments that were leaked to the German reporters Frederik Obermaier and Bastian Obermayer, from the newspaper'' Süddeutsche Z ...

as an entity which transferred money to safe havens to avoid taxes in the country.

References

{{reflist 1960 establishments in Belgium Belgian brands Companies based in Antwerp Diamond industry in Belgium Panama Papers Paradise Papers