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
FinancialsMay 30, 2025
Movado’s Q1 Sales Slip Amid ‘Challenging’ Retail Environment The company plans to raise the prices of select watches to offset the impact of tariffs.
Policies & IssuesMay 30, 2025
Tariffs & Designers: Navigating Pricing in an Unstable EnvironmentBetween tariffs and the sky-high cost of gold, designers enter this year’s Las Vegas shows with a lot of questions and few answers.
CollectionsMay 30, 2025
Piece of the Week: Renato Cipullo’s ‘Hematite Blaze’ NecklaceDesigned by founder Renato and his daughter Serena Cipullo, it showcases a flame motif representing unity and the power of gathering.
Brought to you by
Clienteling Isn’t a Buzzword. It’s an Essential Business Model.More shoppers are walking out without buying. Here’s how smart jewelers can bring them back—and the tool they need to do it right.
Policies & IssuesMay 30, 2025
Trade Court Declares Trump’s Tariffs InvalidHowever, the tariffs remain in effect in the short term, as an appeals court has stayed the U.S. Court of International Trade’s decision.
Weekly QuizMay 30, 2025
This Week’s QuizTest your jewelry news knowledge by answering these questions.
CollectionsMay 29, 2025
Britney Spears Files Trademark for New Jewelry LineThe pop icon is one step closer to launching her “B Tiny” jewelry collection, a collection she first began posting about last fall.
Supplier BulletinMay 29, 2025
Inoveo Platinum Grain, Exclusively Distributed by StullerSponsored by Stuller
Brought to you by
Las Vegas Antique Jewelry & Watch Show: Showcasing the Most Collectible Merchandise from Across the GlobeGain access to the most exclusive and coveted antique pieces from trusted dealers during Las Vegas Jewelry Week.
TechnologyMay 29, 2025
GemFind Launches AI Product Description SoftwareGemText AI uses artificial intelligence to generate tailored product titles, descriptions, and tags with jewelry-specific language.
MajorsMay 28, 2025
Graff Unveils New Las Vegas FlagshipThe 3,300-square foot location is the jeweler's largest store in North America.
CrimeMay 28, 2025
8 Convicted in Kim Kardashian Jewelry Heist TrialAging and with myriad health issues, none will serve time for their roles in robbing the billionaire celebrity at gunpoint in 2016.
CollectionsMay 28, 2025
NY Liberty’s 2024 Championship Rings Honor Historic WinThe WNBA team received rings imbued with meaning, from leaf motifs and its Liberty torch to the number of diamonds used.
MajorsMay 28, 2025
Andrew Rickard Named JBT PresidentA longtime executive at RDI Diamonds, Rickard has served on the JBT board for the past five years.
MajorsMay 27, 2025
MJSA to Become Part of Jewelers of America The two organizations have signed an affiliation agreement that’s expected to be finalized in the coming weeks.
AuctionsMay 27, 2025
Al Capone’s Patek Philippe Pocket Watch Back Up for AuctionThe platinum and diamond watch is part of Sotheby’s upcoming Important Watches sale.
AuctionsMay 27, 2025
182-Carat Paraíba-Type Tourmaline Sells for $487K Recovered in Mozambique, “The Kat Florence Lumina” was part of Bonhams’ Hong Kong jewelry auction held last week.
TrendsMay 27, 2025
Amanda’s Style File: Candy-Colored GemstonesGet a taste of the delicious candy-like gemstones in this Amanda’s Style File.
CrimeMay 23, 2025
JSA Shares Holiday Weekend Security Tips Amid Spike in BurglariesJSA’s Scott Guginsky provided a list of nine security measures jewelers should observe while locking up for the long weekend.
CollectionsMay 23, 2025
Piece of the Week: Bliss Lau’s ‘Bright’ RingFrom Lau’s “Love of a Kind” series, the engagement ring was inspired by the moon and holds a different meaning depending on how it is worn.
GradingMay 23, 2025
GIA Updates Pearl Classification SystemThe lab has adjusted the scale it uses for nacre grading.
Supplier BulletinMay 22, 2025
How to Put Natural Diamonds Back in the SpotlightSponsored by GCAL by Sarine
CrimeMay 22, 2025
NY Jeweler Sentenced in Shoving Death of Colleague at IJO ShowDavid Walton will serve three years’ probation after an incident in a hotel bar led to the death of West Virginia jeweler David Ettinger.
FinancialsMay 22, 2025
Watches of Switzerland’s Full-Year U.S. Sales Climb 14% The retailer also provided an update on how the tariffs situation in the U.S. is affecting its business.
IndependentsMay 22, 2025
Adeler Jewelers Celebrates 50 YearsThe family-owned jeweler in Great Falls, Virginia, will be celebrating its golden jubilee with a year’s worth of events.
Events & AwardsMay 22, 2025
Jose Hess Design Awards Announce JudgesThe nonprofit elected five judges who will decide the winners of its design competition.
MajorsMay 22, 2025
MJSA Releases 2025-2026 Buyer’s GuideThis year’s edition includes articles on the favorite tools of notable designers, evaluating when to outsource production, and more.
CollectionsMay 21, 2025
Bulgari Highlights Its Colorful Past in Phenomenal ‘Polychroma’ CollectionThe jeweler’s high jewelry collection features extraordinary gemstones, like a 241.06-carat emerald and the world’s fourth-largest spinel.
