Russell Mehta Diamantaire, Age, Family, Biography, and More Wikigraphy

Russell Mehta, a prominent figure in the diamond industry, leads a fascinating life both personally and professionally. This post delves into his biography, family, career, and some notable controversies.

Table of Contents

Wiki/Biography

Russell Mehta, at 58 years of age, is the Managing Director of Rosy Blue, a globally recognized and highly successful diamond company. His father, Arun Ramniklal Mehta, laid the foundation almost 50 years ago, starting with the company “B Arunkumar,” which later evolved into the renowned Rosy Blue.

Family, Caste & Wife

Born into a Hindu-Gujarati family in Bhavnagar, Gujarat, Russell’s family background is deeply rooted in the region’s traditions. His father, the chairman of Rosy Blue, initially worked in cotton farming before venturing into the diamond business. Russell’s brother, Ragin Mehta, is also actively involved in the family business.

He is married to Mona Mehta, and they have three children: two daughters, Diya and Shloka Mehta, and a son, Viraj Mehta. Shloka Mehta is notably married to Akash Ambani, son of Mukesh Ambani. All three of his children are now married.

Career

Russell Mehta holds a B.Com degree from Mumbai University and a Diploma in Diamonds. His journey in the diamond industry is intrinsically linked to his father’s legacy. Rosy Blue, under his leadership as Managing Director, has become a leading global player. Beyond the wholesale aspect, Rosy Blue also owns the retail brand Orra.

Orra boasts a significant presence with over 30 stores across India and an additional 12 stores in various international locations. The company’s success is a testament to the family’s enduring legacy and Russell’s business acumen.

Controversies

Rosy Blue’s history includes some controversies. Reports suggest the company sought assistance from Appleby to navigate a bank fraud involving one of its offshore entities. A significant out-of-court settlement in 2010, involving a sum up to $14 million, further adds to this complex history.

In 2016, Russell’s name surfaced in relation to a Bombay High Court case involving a trust. The court suspended a writ petition filed by an NRI, allegedly linked to the same trust and an account with HSBC Geneva, hindering an investigation by Indian tax authorities.

Facts

Here are some key facts about Russell Mehta:

Orra, his retail brand, enjoys significant success both domestically and internationally.
Rosy Blue, under his management, generates an estimated annual turnover of 4000 crores.
He is the Managing Director of one of the world’s largest diamond jewelry companies.