Mumbai, June 15: Leading diamantaire Arunkumar Ramniklal Mehta -- who founded the B. Arunkumar & Co. six decades ago -- passed away at a private hospital, industry sources said.
He was 80 and is survived by a son Russel Mehta, Managing Director of Rosy Blue India, and a daughter, besides two brothers, Dilip Mehta and Harshad Mehta.
Mehta's granddaughter Shloka got married to Aakash Mukesh Ambani in March 2019.
A few days ago, he had suffered a fall in the bathroom and was rushed to Sir H. N. Reliance Foundation Hospital where he breathed his last early Monday.
Described as a 'visionary' by the grateful industry, Mehta was born in 1940 in the small town of Patan, Gujarat and had humble beginnings in life.
Almost 20 years later he moved to Mumbai, the hub of the Indian gems and jewelleries industry and founded a small diamond cutting and polishing unit, naming it as "Arunkumar & Company' in 1960, which later became the Rosy Blue Group.