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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.
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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.
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