Rosy Blue is an Indian-Belgian company that has interests in media, real estate, financial services and retail. The company also trades in rough diamonds, manufactures and distributes polished diamonds and

jewellery Jewellery ( UK) or jewelry (U.S.) consists of decorative items worn for personal adornment, such as brooches, rings, necklaces, earrings, pendants, bracelets, and cufflinks. Jewellery may be attached to the body or the clothes. From a wester ...

. The company is one of the largest diamond 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 managing director of the Indian arm of the company. Rosy Blue is a De Beers

sightholder A sightholder is a company on the De Beers Global Sightholder Sales's (DBGSS) list of authorized bulk purchasers of rough diamonds. De Beers Group made this list, the second largest miner of diamonds. DBGSS was previously known as DTC (Diamond T ...

History

The company was founded in 1960 by Arunkumar Mehta and his cousin Bhanuchandra Bhansali. In the 70’s the company headquartered in Antwerp, 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 encourage businesses and firms worldwide to adopt sustainable and socially responsible policies, and to report on their implementation. The UN Global Compact is a princi ...

. In 2017, Rosy Blue was named in both Panama Papers 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'' Süddeutsch ...

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