De Beers sightholder Stargems has formed a joint venture with former Rosy Blue executive Raj Mehta.
The jointly owned distributor will be based out of Antwerp and target high-end retailers. Mehta will serve as its managing director and CEO.
“We want to focus on luxury brands, not just in Europe but everywhere in the world,” Mehta tells JCK.
“Stargems has a vertically integrated supply chain so it will be a very complementary partnership,” he adds. “They have access to rough, both from their own mines and from the miners they purchase from, so they can provide clear traceability.”
Stargems owns three diamond mines in South Africa, including Koffiefontein, which it purchased last year from Petra. In 2022, it bought two mines from Reinet Investments, a company controlled by Richemont chair Johann Rupert.
Top, from left: Raj Mehta, Stargems CEO Karan Javeri, managing director Vishal Shah, founder and chairman Shailesh Javeri, and managing director Bhavesh Javeri (photo courtesy of Stargems)
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