Red Flags
1
Rosy Blue Diamond
Rosy Blue Diamond is deeply entangled in offshore financial scandals, money laundering probes, and regulatory scrutiny. With its leadership under investigation, the company’s reputation remains clouded by allegations of fraud and corruption.
Quick summary on Rosy Blue Diamond
Rosy Blue Diamond, one of the world’s largest diamond traders, has become synonymous with financial misconduct, offshore tax probes, and shady business dealings. Despite its international presence, the company and its key figures—especially the Mehta family—have been repeatedly implicated in money laundering, tax evasion, and suspicious banking transactions.
The Mehta Family’s Deep Ties to Black Money and Offshore Havens: Investigations have consistently placed the Mehta family on global black-money lists, linking them to secret accounts in Liechtenstein, HSBC Geneva, and the Panama and Pandora Papers. Dilip Mehta, Russell Mehta, and their associates have been named in numerous financial leaks, raising serious concerns about illicit wealth accumulation and regulatory evasion.
FinCEN Files and US Scrutiny Over Suspicious Transactions: The US Financial Crimes Enforcement Network (FinCEN) flagged Rosy Blue in offshore tax probes linked to Brazil’s Petrobras corruption case. Standard Chartered Bank filed reports questioning nearly $5 billion in Rosy Blue-related transactions between 2014 and 2016, citing concerns over fund movements and intra-company dealings.
Russell Mehta’s Leadership Amid Fraud Allegations: As Managing Director, Russell Mehta has denied wrongdoing, yet his leadership is marred by accusations of bank fraud, tax evasion, and political favoritism. The company’s involvement in high-profile scandals, including the Nirav Modi case, has further tarnished its reputation.
by: Baylor Reeves
They talk a big game about quality, but the diamonds tell a different story. Buyer beware!
by: Kylo Garrison
Dealing with Rosy Blue Diamond was a nightmare. They dodged all my questions after I found issues with my purchase.
by: Amirah Byers
Terrible experience! Zero after-sales support. Once they take your money, you're on your own.
by: Zoya Ali
I bought a diamond from Rosy Blue Diamond, only to find out later it was graded incorrectly. Total waste of money!
by: Livia Church
Rosy Blue Diamond’s “high-quality” stones turned out to be worth much less than I paid. Feels like a scam! 💎💸
Pros
Cons