Ritu Raj (pictured), Diamond Foundry’s vice president of corporate development, and Gwyneth Borden, its director of public policy, have both left the San Mateo, Calif.–based lab-grown diamond company.
Raj had been with Diamond Foundry for seven years, since its public unveiling. The industry credits him with driving sales to both wholesale and retail clients, including Signet.
Prior to coming to Diamond Foundry, Raj created Wag Hotels, the largest chain of dog hotels in the world; was the founding product manager for SideCar, the first ride-sharing company; and, in 1999, built the first cloud computing company, Avasta.
Borden worked at Diamond Foundry from November 2020 until June of this year. She joined the company with an impressive public service résumé; she currently chairs the board of directors of the San Francisco Municipal Transportation Agency. She spoke on the company’s behalf at the 2021 Rapaport Social Responsibility Conference at JCK Las Vegas.
Borden left to found Remynt, a debt-to-credit finance solution, according to LinkedIn.
Diamond Foundry spokesperson Ye-Hui Goldenson tells JCK: “For public policy, we are looking at a more global approach at this time.”
The company also declined to comment on a report in Marty Hurwitz’s MVEye lab-grown newsletter that stated it had shut its polished division.
In 2021, the company said it was worth $1.8 billion, after receiving a $200 million investment from Fidelity.
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