21 Aug 2019
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Success personified
While the world knows him as a business tycoon and the face of Rosy Blue, he says he is still the same old boy from Palanpuri, who was handheld into the business by his father and brother and who learn the trade from people, situations and experiences. Know more of him as you read…
By: Diamond World News Service
Aug 20 2012 11:36AM
Reference: 7190  

Mehta is a globe trotter and a people’s person. “I enjoy meeting interesting people around the world. I like to listen, good stories inspire my thoughts.” His natural interest in people helped him to build relationships with producers, retailers, and suppliers. He also learnt from them, some vital aspect about how to do business.

“In 1986, we partnered in Israel with Salim Ajami who used to live in Antwerp. He was one of the sharpest traders and had clarity and vision. After one year of business, he said, the way we were structured, a conflict of interest was inevitable, and the transfer price would always be arbitrary. He however trained our partners in Israel, so they could work independently. We parted as friends. I learnt that one needs to anticipate problems and be frank about resolving the situation. Goodwill and emotions will not take you far.”

Despite all these achievements, Mehta is typically simplistic about his own achievements and understates his own dedication. He still enjoys sorting and looking at rough diamonds. “I can keep looking at the parcels of rough endlessly and find something new in it all the time,” he says. Mehta is constantly involved in business. “One cannot be a part time diamantaire. The diamond business needs constant involvement of its owners and cannot run on autopilot. One cannot take the eye off the ball. It needs your physical, mental and passionate involvement continuously,” he states.

While Mehta believes that diversity brings progress, he has also worked ceaselessly to promote his own family values of unity among the various communities in the global diamond industry. He is pleased that the younger generation is buying into the philosophy of united approach to prosperity and responsible citizenship.

Besides being the Officer of the Crown Order of the Kingdom of Belgium, Mehta also holds various eminent positions. He is a member of the Gemological Institute of America, Board of Governors, Member of the Board of Directors of Vereniging van Handelaars in Ruwe Diamant, Council for Responsible Jewellery Practices Member of Board of Directors, Director of Dubai diamond exchange, Independent Non-Executive Director, Member of Audit Committee and Member of Remuneration Committee, Vaarad Ventures Limited.

“I have always preferred to be an active member of society and therefore I give time to initiatives I believe in,” he states.

Mehta believes it is important to share the business successes by giving back to the community. “We understand the value of money. Over the past 45 years, our family has evolved from a humble beginning to a business alliance with over 5,000 employees. As our business prospered, we shared our success by giving back to our community, our town, our country and the world.”

Each contribution is considered thoroughly to ensure that it serves the underprivileged and socially deprived groups in society. The family also makes significant anonymous donations through private channels. “We are committed to empower people to become self-reliant through education and training. Children are our priority,” Mehta says.

“My wife has always been my greatest support in allowing me to pursue my goals. But in the quest of driving a business, you never know when your business starts driving you. I have always tried to balance the business and family life. However one pays the price in one way or another. It is challenging to combine both,” he signs off.

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