Vasantlal Mehta founded the Blue Star Group in Mumbai in 1966, and over the next fifteen years, Mr. Mehta brought his three sons, Akshay, Anuj and Ashit, into the business. While Akshay and Anuj developed the Indian operations, their younger brother Ashit undertook the firm's expansion abroad, establishing, in 1981, an Antwerp hub to provide a steady supply of rough diamonds for the company's rapidly growing marketing and manufacturing base in India.
Since then, the three brothers have built their Indian and Belgian businesses into a leading global marketing operation for both rough and polished diamonds. In recognition of their achievements, the Blue Star Group was awarded its first DTC sight in Belgium in 1991, under the name Arjav Diamonds, and a second DTC sight in India in 1994. Over the last two decades, the Blue Star Group has achieved an average annual compound growth rate of over 10% on its total sales, and become one of the leading global DTC Sightholders. Additionally it has achieved supply arrangements with other leading mining houses such as BHP and Alrosa. In 2009 the group became the first, and one of the largest contract holders with Alrosa.
The Blue Star Group continues to develop its activities through the third generation of the family. In 2001, the group moved downstream into the design, manufacture and distribution of jewellery. The same year, it launched a state-of-the-art factory in Surat, India.
In 2002, Akshay's eldest son, Arjav, joined the business, followed by Arnav, his younger brother in 2004, and more recently by Anuj's eldest son Anshul and Ashit's son Arpan. Of the younger generation only one more remains to join, to maintain and strengthen the family's commitment to the industry. 2006 saw the doubling of the Blue Star Group's manufacturing strength when it moved into a new ultra-modern manufacturing headquarters in Surat, India.
A Strong Family Tradition
The family's values extend throughout the Blue Star Group. All employees are considered members of one family, sharing bonds of mutual trust, support, responsibility and respect. The family is united in its dedication to the excellence of the products, and the superior standards of service that the group provides to all business partners. The Blue Star Group's success is rooted in the business ethics of this `Hindu Undivided Family' - fully devoted to the diamond industry.
