Russell Mehta, 58-year older, MD of Rosy Blue is among the top and effective diamantaires on the planet .
Wiki/Biography
Nearly 50 years back , his dad began a business and started trading as'B Arunkumar' and renamed- Rosy Blue, nevertheless afford to be the worlds' top, reputable and successful providers in the bead market.
In addition, he possesses a retail manufacturer because of their jewelry specifically - 'Orra'.
They've over 30 shops in all over India and 12 shops in additional 12 countries around the world.
He had been born to some Hindu-Gujarati household in Bhavnagar, Gujarat. His dad, Arun Ramniklal Mehta, originally did cotton farming and later on began a firm called-'B' Arunkumar'.
He's got a brother- Ragin Mehta, that also helps his dad and brother in their own majorly successful diamond enterprise.
He also married to Mona Mehta who's allegedly associated with PNB fraudster Nirav Modi and contains three kids , two brothers - Diya Mehta, Shloka Mehta and boy Viraj Mehta.
Career
Russell Mehta retains a B.com degree from Mumbai University and a Diploma in Diamonds Russell's dad, Arunkumar Ramniklal Mehta, started trading diamonds using a tag'B Arunkumar' over 50 decades back. Their organization is currently renamed as Rosy Blue, that has been the leading, reputable and effective providers in the diamond market.
During the moment, Rosy Blue has become among the biggest names in the worldwide diamond market.
They have their very own retail diamond jewelry manufacturer - Orra. They have over 30 shops in all over India and retains their existence in 12 other countries around the planet.
Controversies
according to records, their firm Rosy Blue took Appleby's aid to intervene at a bank fraud that targeted among its overseas entities. In addition they demonstrate that Rosy Blue attained a supplementary settlement at September 2010 that included assurances of payment up to $14 million.
He had been one of the six alleged beneficiaries of a trust and his title came highlighted when at 2016 Bombay High Court suspended their writ- request registered by an NRI (an alleged beneficiary of the exact same trust connected into an account with HSBC Geneva) so as to escape the analysis by taxation authorities.
Truth
He possesses a retail gemstone jewelry manufacturer Orra, that has over 30 shops in India and productive commerce with 12 other nations.
Russell firm, Rosy Blue, comes with an approximate turnover of 4000 crores each year.
He's the managing director of Rosy Blue, among the world's biggest diamond jewelry businesses.