Russell Mehta (Indian Businessman) Biography

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School	Not Known
College/University	University of Mumbai, Mumbai Gemological Institute of America, Carlsbad, California, USA
Qualifications	B.Com. Diploma in Diamonds

Address	A bungalow in South-Mumbai
Controversies	Being one of the six alleged beneficiaries of a trust, his name was surfaced in a verdict by the Bombay High Court in 2016 when the court suspended the writ petition filed by an NRI — an alleged beneficiary of the same trust linked to an account with HSBC Geneva — after she refused to sign the “consent waiver” form to let HSBC share the information on the account in order to escape the investigation by Indian tax authorities. As per media records, their company- Rosy Blue took Appleby's (an offshore legal services provider) help to intervene in a bank fraud that targeted one of its offshore entities. In September 2010, they also show that Rosy Blue reached an out-of-court settlement that involved assurances of payment of up to $14 million.

Address

A bungalow in South-Mumbai

Controversies

Being one of the six alleged beneficiaries of a trust, his name was surfaced in a verdict by the Bombay High Court in 2016 when the court suspended the writ petition filed by an NRI — an alleged beneficiary of the same trust linked to an account with HSBC Geneva — after she refused to sign the “consent waiver” form to let HSBC share the information on the account in order to escape the investigation by Indian tax authorities.
As per media records, their company- Rosy Blue took Appleby's (an offshore legal services provider) help to intervene in a bank fraud that targeted one of its offshore entities. In September 2010, they also show that Rosy Blue reached an out-of-court settlement that involved assurances of payment of up to $14 million.

Marital Status	Married
Affairs/Girlfriends	Not Known

Father	Arun Ramniklal Mehta (Chairman of Rosy Blue group of Companies)
Mother	Name
Siblings	Ragin Mehta
Spouse	Mona Mehta
Children	Viraj Mehta Diya Mehta Shloka Mehta

Managing Director of Rosy Blue (India) Pvt. Ltd., responsible for leading all Rosy Blue group companies in India.
Over 30 years of experience in the diamond industry.
Vice Chairman of the Gem and Jewellery Export Promotion Council (GJEPC).
Member of the Bharat Diamond Bourse Management Committee.
Member of the Young Presidents’ Organization.
Recipient of the Lifetime Achievement Award in the golden jubilee year of the India Gem & Jewellery Awards (IGJA) by the GJEPC.
Rosy Blue became a founding and certified member of the Responsible Jewellery Council in 2005 and a signatory to the United Nations Global Compact in 2008.
Co-founder of Rosy Blue in the late 1980s, building the diamond trading business to a valuation of approximately 70,000 crore rupees.
Estimated net worth of approximately 1,844 crores as of April 2023.

1. Russell Mehta comes from a Gujarati family in Bhavnagar, where his father initially farmed cotton.
2. He is now an Indian diamantaire and the managing director of 'Rosy Blue', a major diamond jewelry company, which also owns the retail brand 'Orra'.
3. Over 50 years ago, their company started as 'B Arunkumar' and remains a respected and successful player in the diamond industry.
4. 'Rosy Blue' operates through two legal entities: 'Rosy Blue (India)' in India and 'Rosy Blue Investments Sarl' globally.
5. Among its ventures, 'Rosy Blue India' has Inter Gold, a significant diamond jewelry manufacturing arm.
6. With more than 30 stores across India, 'Rosy Blue' also has a strong presence in 12 other countries worldwide for diamond trading.
7. Russell's brother-in-law, Dilip Mehta, was tasked with launching the Antwerp unit and overlooking the Dubai business for 'Rosy Blue'.
8. His eldest daughter is married into the family of Amit Jatia, the Mc Donald's franchise holder in India, while his youngest daughter is set to marry Akash Ambani, the eldest son of Mukesh Ambani.
9. Russell's wife, Mona, is related to the fugitive jeweler Nirav Modi.
10. He takes an active interest in philanthropy, serving as a board member for Rosy Blue Foundation, and a trustee for the Vidyamandir Trust as well as Banaskantha District Kelavani Mandal.
11. He is grounded in spirituality and attributes his success to karmic blessings and the collective effort of his team and industry peers.