{{Short description|Indian-Belgian company}} '''Rosy Blue''' is a privately owned Indian-Belgian company<ref>{{cite web|url=https://seenspire.com/news/dreamoc-storytelling-2-0-what-happened-when-a-3-million-diamond-met-its-holographic-counterpart|title=What happened when a 3M diamond met its holographic counterpart - Seenspire|date=26 September 2016|publisher=}}</ref><ref>{{cite news|url=http://www.business-standard.com/article/companies/rosy-blue-rules-the-world-of-glitter-109110800008_1.html|title=Rosy Blue rules the world of glitter|first=Pallavi|last=Aiyar|newspaper=Business Standard India|date=8 November 2009|publisher=|via=Business Standard}}</ref><ref>{{cite web|url=http://eng.alrosa.ru/alrosa-tied-up-new-long-term-agreement-with-rosy-blue/|title=ALROSA tied up new long-term agreement with Rosy Blue - Alrosa|website=eng.alrosa.ru}}</ref><ref>{{cite web|url=https://www.gulfindustryonline.com/news/6654_Rosy-Blue-partners-Al-Zain.html|title=Gulf Industry Online - Rosy Blue partners Al Zain|website=www.gulfindustryonline.com}}</ref> that has interests in clean energy, media, real estate, financial services and retail. The company also trades in precious commodities, rough diamonds, manufactures and distributes polished diamonds, precious/semi-precious gems and jewellery.<ref>{{cite web|url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=32739509|title=Rosy Blue NV: Private Company Information - Bloomberg|website=www.bloomberg.com}}</ref><ref>{{cite web|url=https://www.idexonline.com/FullArticle?id=39643|title=Rosy Blue 'Shocked' By Belgian Reports About CEO Dilip Mehta|website=www.idexonline.com}}</ref>
The company is one of the largest diamond and gemstone traders worldwide<ref>{{cite web|url=http://indianexpress.com/article/india/india-news-india/rosy-blue-also-in-hsbc-list-diamond-dealers-are-tax-havens-best-friends/|title=Rosy blue also in HSBC list: Diamond dealers are tax haven's best friends|date=6 April 2016|publisher=}}</ref> and has 12 offices in seven countries around the world: Belgium, Israel, Hong Kong, Japan, United States, China, UAE (Dubai).<ref>{{cite web|url=http://www.debeersgroup.com/globalsightholdersales/en/directory/rosy-blue-nv.html|title=Rosy Blue NV (SH)|website=www.debeersgroup.com}}</ref><ref>{{cite web|url=http://www.tijd.be/nieuws/archief/Karaattaks-geschenk-voor-staatskas/9840679|title=Karaattaks geschenk voor staatskas|date=10 December 2016|publisher=}}</ref> Russell Mehta is the current chairman and managing director.<ref>{{cite web|url=https://member.rapnet.com/news/NewsItem.aspx?ArticleID=12687|title=RapNet.com - Rosy Blue Expands Cutting Operations in S.A.|website=member.rapnet.com}}</ref>
Rosy Blue<ref>{{cite web|url=https://www.rosyblue.com/|title=Rosy Blue - More than diamonds|author=|date=|website=Rosy Blue|accessdate=23 March 2018}}</ref> is a De Beers sightholder.
== History ==
The company was founded in 1960 by Arunkumar Mehta and his uncle Bhanuchandra Bhansali. In the 70’s the company headquartered in Antwerp, Belgium and expanded its operations to several other diamond centers.<ref>{{cite web|url=https://www.encyclopedia.com/books/politics-and-business-magazines/rosy-blue-nv|title=Rosy Blue N.V. - Dictionary definition of Rosy Blue N.V. - Encyclopedia.com: FREE online dictionary|website=www.encyclopedia.com}}</ref><ref>{{cite web|url=https://economictimes.indiatimes.com/slideshows/biz-entrepreneurship/indias-six-diamond-kings-six-entrepreneurs-minting-money-in-rs-70000-crore-industry/russell-mehta-rosy-blue-india/slideshow/18346601.cms|title=India's six diamond kings: Six entrepreneurs minting money in Rs 70,000 crore industry - India's diamond kings: Six entrepreneurs minting money in Rs 70,000 crore industry|website=The Economic Times}}</ref>
In 2005 Rosy Blue became a founding and certified member of the Responsible Jewellery Council.<ref>{{cite web|url=https://www.responsiblejewellery.com/blog/member/rosy-blue-n-v/|title=Rosy Blue N.V - Responsible Jewellery Council|website=www.responsiblejewellery.com}}</ref><ref>{{cite web|url=https://www.awdc.be/en/first-children%E2%80%99s-rights-and-business-principles-forum-belgium|title=First Children's Rights and Business Principles Forum in Belgium|date=5 December 2012|publisher=}}</ref>
In 2008 Rosy Blue became a signatory to the United Nations Global Compact.<ref>{{cite web|url=https://www.unglobalcompact.org/what-is-gc/participants/8065-Rosy-Blue|title=Rosy Blue - UN Global Compact|website=www.unglobalcompact.org}}</ref>
In 2017, Rosy Blue was named in both Panama Papers and Paradise Papers as an entity which transferred money to safe havens to avoid taxes in the country.<ref>{{Cite web|url=http://indianexpress.com/article/india/paradise-papers-dilip-mehta-diamond-industry-appleby-bermuda-offshore-black-money-tax-havens-4927255/|title = Paradise Papers: On all black money lists, leading diamond firm Rosy Blue is back|date = 8 November 2017}}</ref>
== References == {{reflist}}
Category:1960 establishments in Belgium Category:Belgian brands Category:Companies based in Antwerp Category:Diamond industry in Belgium Category:Panama Papers Category:Paradise Papers