SourcingJan 21, 2025
Diamonds Do Good Adds 2 Board MembersSourcingJan 23, 2025
Fancy Color Research Foundation Names New CEO
Roy Safit took over the role on Jan. 1.
Roy Safit is the new CEO of The Fancy Color Research Foundation.
Tel Aviv—The Fancy Color Research Foundation (FCRF) has appointed Roy Safit as its new CEO, effective Jan. 1.
Safit succeeds Miri Chen.
The new executive brings more than 25 years of experience in building technology-laden platforms.
He also has experience serving business users in the diamond industry. According to his LinkedIn profile, he was head of corporate development for international diamond brokering and consulting group I Hennig & Co. Ltd. from 2015 to 2018.
FCRF said Safit is poised to strengthen FCRF’s position as a leader in the market and has a “solid track record” of negotiating complex contracts, managing sales teams, and leading business development efforts.
In his new role, he will engage directly with FCRF members and stakeholders across the market.
His entrepreneurial spirit and hands-on experience in market analysis and business development make him uniquely suited to lead the organization into its next phase, added FCRF.
Related stories will be right here …
Safit succeeds Miri Chen.
The new executive brings more than 25 years of experience in building technology-laden platforms.
He also has experience serving business users in the diamond industry. According to his LinkedIn profile, he was head of corporate development for international diamond brokering and consulting group I Hennig & Co. Ltd. from 2015 to 2018.
FCRF said Safit is poised to strengthen FCRF’s position as a leader in the market and has a “solid track record” of negotiating complex contracts, managing sales teams, and leading business development efforts.
In his new role, he will engage directly with FCRF members and stakeholders across the market.
His entrepreneurial spirit and hands-on experience in market analysis and business development make him uniquely suited to lead the organization into its next phase, added FCRF.
"I am honored to take on the role of CEO and lead the FCRF in its mission to cultivate appreciation for natural color diamonds," said Safit.
“FCRF is uniquely positioned to bring real value to the fancy color domain, from mining companies to top retailers and anyone in between. Moreover, FCRF solutions create unparalleled value for jewelry connoisseurs who collect fancy color diamonds."
Safit, addressing FCRF members, said, “Your insights and experiences will be invaluable as we chart our path forward together. I am eager to hear from you and understand how we can continue to drive your growth and deliver meaningful value to the market.”
FCRF said it looks forward to a bright future under Safit’s leadership, confident that his vision, expertise, and strategic approach will guide the organization toward continued success.
“We have exciting new tools and technologies to introduce to the market, and I couldn’t be more enthusiastic about what’s in store,” Safit said. “Together, we will create impactful solutions for the fancy color diamond industry.”
FCRF provides solutions for establishing value in the fancy color diamond domain, including key market valuation services, rarity reports, and market intelligence, as well as the Fancy Color Diamond Index.
Its tools are designed to help miners, manufacturers, jewelers, traders, and investors make informed decisions when bringing fancy color goods to market.
More on Sourcing
The Latest
CrimeJan 23, 2025
Security Guard Killed in Armed Robbery at Namibian Diamond Co. Francis “Gosh” Eiseb, 58, was a senior protection officer for Namib Desert Diamonds, also known as Namdia, in Windhoek, Namibia.
Events & AwardsJan 23, 2025
Plumb Club Announces Speaker Lineup for Symposium ‘25The second annual learning forum for retailers is slated for March 13 at City Winery in Pier 57 in New York City.
CrimeJan 23, 2025
4 Men Arrested After Allegedly Plotting to Kidnap JewelerThe suspects are accused of planning to kidnap a Miami jeweler and rob him of his cryptocurrency.
Brought to you by
3 New Year’s Resolutions for Jewelry Lovers The new year feels like a clean slate, inspiring reflection, hope, and the motivation to become better versions of ourselves.
ColumnistsJan 22, 2025
On Data: How Did Independent Jewelers Fare in 2024? Sherry Smith shares data on the year gone by, including the breakdown between natural and lab-grown diamond sales.
Weekly QuizJan 16, 2025
This Week’s QuizTest your jewelry news knowledge by answering these questions.
Policies & IssuesJan 22, 2025
Jewelers Mutual Steps Up Aid for LA Jewelry BusinessesThe company also is matching donations made to Jewelers of America and the Diamond Council of America’s Jewelers Relief Fund.
Events & AwardsJan 22, 2025
JA Seeking Nominations for Its Next ‘20 Under 40’ ClassNow in its fourth year, the program is expanding to include a list of “20 Under 40” for jewelry suppliers.
Brought to you by
A Diamond Is Forever Celebrates "Forever Present" Holiday CampaignA Diamond is Forever hosted a holiday celebration in honor of their new marketing campaign, ‘Forever Present.’
SurveysJan 22, 2025
Holiday Sales Hit Record High, Says NRFCore retail sales during the 2024 holiday season surpassed the National Retail Federation’s forecast.
CollectionsJan 22, 2025
Foundrae’s New Collection Channels the Power of NowThe “Reach for Life” collection uses feather and arrow motifs to invite growth and inner curiosity.
ColumnistsJan 21, 2025
Peter Smith: Sales Training’s Dirty Little SecretPeter Smith pulls back the curtain on the often misinterpreted, and sometimes maligned, world of sales training.
TrendsJan 21, 2025
Amanda’s Style File: Decadent Mocha MoussePantone’s 2025 Color of the Year takes the form of jewelry through gemstones and enamel that look just as delicious as mocha mousse.
Policies & IssuesJan 21, 2025
These Designers and Retailers Are Raising Money for LA Wildfire Relief From raffles to auctions to donations, the industry is working to aid charities in Los Angeles amid the raging wildfires.
FinancialsJan 17, 2025
Richemont’s Jewelry Sales Rise 14% in Holiday QuarterThe company, which owns Cartier and Van Cleef & Arpels, had a record Q3, with sales topping $6 billion.
CollectionsJan 17, 2025
Piece of the Week: Picchiotti’s Transformable ‘Classic Blue and Green’ NecklaceThe necklace features a sapphire drop weighing more than 9 carats that detaches to transform into a ring.
MajorsJan 17, 2025
Tiffany & Co., CFDA Name First Winner of Jewelry Designer AwardJameel Mohammed, founder of Afrofuturist brand Khiry, will receive a cash prize and a one-year paid fellowship with Tiffany & Co.
IndependentsJan 16, 2025
Lux Bond & Green to Open Sixth LocationThe 127-year-old jeweler is planning to open a new store in Mystic, Connecticut.
WatchesJan 16, 2025
Timex Launches Collection of National Park WatchesThe watches’ dials feature artwork celebrating the vibrant energy and unique landscapes of six of America’s national parks.
AuctionsJan 16, 2025
Elizabeth Taylor’s Diamond Line Bracelet Going up for Auction Offered by U.K. auction house Woolley & Wallis, the yellow diamond bracelet was a gift from Taylor’s good friend Michael Jackson.
Events & AwardsJan 16, 2025
JCK Las Vegas 2025 Open for RegistrationThe jewelry trade show returns to The Venetian Expo and The Venetian Resort in Las Vegas from June 6 to 9.
EditorsJan 15, 2025
The Jewelry I’d Bid On in Christie’s Iris Apfel AuctionAssociate Editor Natalie Francisco highlights her favorite fashion jewelry pieces from the upcoming “Unapologetically Iris” auction.
MajorsJan 15, 2025
Macy’s to Close 66 Stores as Part of Turnaround StrategyThe closures are part of the retailer’s plan to close 150 locations over a three-year period.
Policies & IssuesJan 15, 2025
JVC Debuts Guide to Americans with Disabilities Act ComplianceThe online guide is available for free and written with the jewelry industry in mind.
Events & AwardsJan 15, 2025
Jose Hess Design Awards Open for SubmissionsThe awards honor the late Jose Hess, a founding member of AJDC and an award-winning jewelry designer.
GradingJan 14, 2025
GIA CEO, President Susan Jacques to Retire at the End of 2025The grading lab said the search for her successor is underway.
ColumnistsJan 14, 2025
Jules Kim: Building Bridges Between Creators and IndustryIn this special op-ed, designer Jules Kim calls on big brands to collaborate with independent creators instead of copying their designs.
GradingJan 14, 2025
Former SSEF Director Henry A. Hänni DiesA pioneering figure in gemology, he is remembered for his spirit of generosity, curiosity, and joy.
