Russell Mehta (Russell Arunkumar Mehta), is a well-known businessman in India’s diamond industry.
He is the Managing Director of Rosy Blue India, which is one of the top companies in the global diamond market.
Russell was born in 1965 in Mumbai and comes from a family with a long history in the diamond business. His father, Arunkumar Mehta, co-founded B. Arunkumar & Co. in 1960, which later became Rosy Blue.
Arunkumar was an important figure in the diamond industry and his work helped shape the company’s success.
Growing up in this environment gave Russell a strong foundation in the diamond trade.
Early Life and Education
Russell Mehta was born in Mumbai in 1965, making him 59 years old as of now. He grew up in a Gujarati family and spent part of his childhood in Bhavnagar before returning to Mumbai.
He completed his Bachelor of Commerce degree from the University of Mumbai.
To continue his family business and deepen his interest in diamonds, he earned a diploma from the Gemological Institute of America (GIA) in California.
From a young age, Russell often visited his father’s office, which helped him gain valuable insights into the diamond business.
Career Journey
Russell started working in the diamond industry in the 1980s with his father and brothers at Rosy Blue.
Under Russell’s leadership, the company has grown a lot and is now one of India’s largest diamond trading firms, with an estimated worth of ₹70,000 crores.
Rosy Blue also owns Orra, a well-known brand that sells beautiful diamond jewelry for different customers.
Russell believes in doing business in a responsible way.
In 2011, Rosy Blue became a member of the Responsible Jewellery Council, which shows their commitment to sourcing diamonds ethically and caring for the environment.
This is very important in an industry that often faces criticism for its impact on the planet and society.
Philanthropy
Russell is also dedicated to helping others through the Rosy Blue Foundation.
This foundation focuses on improving education, healthcare, and social welfare for people in need, both in India and around the world.
Russell wants to make a positive difference in society and believes in giving back to the community.
The foundation supports many projects, like providing scholarships for students and organizing health camps in rural areas.
Personal Life
In his personal life, Russell Mehta is married to Mona Mehta, and they have three children: Viraj, Diya, and Shloka.
Viraj Mehta is the eldest son and is involved in the family business. He is known for his passion for the diamond industry and aims to continue the family legacy.
Diya Mehta is the couple’s daughter, who has shown interest in fashion and design. She is involved in various creative projects and is also focused on social initiatives.
Shloka Mehta, the youngest, gained public attention after marrying Akash Ambani, the son of billionaire Mukesh Ambani. Shloka Mehta is actively involved in philanthropy and has a keen interest in education and social welfare.
This family connection has made the Mehta family more prominent in India’s elite circles.
Because of his important role in the diamond industry, Russell is often called one of India’s “diamond kings.”
Russell Mehta’s Recognition and Net Worth
As of April 2023, Russell Mehta’s net worth was estimated to be around ₹1,844 crores, which is approximately $224.5 million.
This wealth reflects his success in the diamond industry and his focus on ethical business practices.
He has received many awards for his contributions, showing his role as a leader in shaping the future of the diamond sector in India.
Conclusion
Russell Mehta’s story is one of hard work and giving back to society.
His leadership at Rosy Blue India and his charity work highlight his belief in balancing business success with social responsibility.
As he continues to lead in the diamond industry, Russell Mehta is an inspiring figure for many young entrepreneurs in India.
