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.
Editors' Picks
Sponsored by
More on Sourcing
The Latest
MajorsMar 07, 2025
Jane Fonda, Mariska Hargitay Star in Pomellato’s IWD CampaignThe annual star-studded campaign for International Women’s Day encourages collective action against domestic violence.
CollectionsMar 07, 2025
Piece of the Week: Yeprem’s ‘Golden Strada’ NecklaceThe statement piece is seen in Yeprem’s new “You Play the Game” campaign, created for International Women’s Day.
MajorsMar 07, 2025
Borsheims Names New Senior Security and Facilities ManagerLongtime employee Kyle Slosson has been promoted to the role.
Brought to you by
Have a Plan for EmergenciesEmergencies can happen anytime, anywhere , and Jewelers of America has what you need to be prepared for it all.
IndependentsMar 06, 2025
Wixon Jewelers to Close After 37 YearsFirst-generation jewelers Dan and Hope Wixon are retiring and will close their Minneapolis-area jewelry store in May.
Weekly QuizMar 06, 2025
This Week’s QuizTest your jewelry news knowledge by answering these questions.
CollectionsMar 06, 2025
Guzema, 3.1 Phillip Lim Collab on New ‘Snake’ DesignsThe limited-edition collection, a nod to the Year of the Snake, is Ukrainian brand Guzema’s first partnership with a U.S. brand.
IndependentsMar 06, 2025
Stephen Barnes Is the New Owner of IJOAfter more than 50 years, Jeff Roberts is handing over ownership of the organization to IJO President Stephen Barnes.
Brought to you by
A Diamond ETF is the Way to Reinvigorate Natural Diamond SalesThe jewelry industry faces challenges from lab-grown diamonds. A diamond ETF can restore natural diamonds' value and drive investor demand.
Events & AwardsMar 06, 2025
Borsheims’ ‘Ike-It’ Award Goes to JewelerSenior Jeweler Jay Wolff was named employee of the year.
MajorsMar 05, 2025
Neiman Marcus’ Dallas Flagship Store to Close, Confirms Saks GlobalThe 111-year-old store will close following a dispute among Saks Global, a landlord, and the City of Dallas over a small piece of land.
AuctionsMar 05, 2025
Sotheby's To Auction 51 ‘Alien’ WatchesThe upcoming “Area_51” watch sale is a collaboration with heist-out, featuring vintage and modern timepieces with futuristic designs.
MajorsMar 05, 2025
Jewelers of America Unveils 3-Year Strategic Plan The trade organization, which will mark 120 years of service next year, has a refined focus and a new mission statement.
Events & AwardsMar 05, 2025
92NY Accepting 2025 Jewelry Artist Residency ApplicationsThe application period is now open for established and emerging jewelers and metalsmiths to apply to the month-long residency program.
CrimeMar 04, 2025
4 Suspects Arrested in Fatal Armed Robbery of California Jewelry Store Uc Thí Vo, who co-owned Kim Tin Jewelry in Sacramento with her husband of 40 years, was killed during the November 2024 robbery.
CrimeMar 04, 2025
NYC Diamond Dealer Pleads Guilty to Lab-Grown Diamond SwapsManashe Sezanayev pleaded guilty to grand larceny and is expected to receive five years’ probation when he’s sentenced in May.
TrendsMar 04, 2025
Amanda’s Style File: Peaceful and Powerful AquamarineThe March birthstone pairs perfectly with hues of Mocha Mousse, Pantone’s Color of the Year for 2025.
ColumnistsMar 04, 2025
The Smart Lab: Using Online Events to Supercharge Sales Emmanuel Raheb shares strategies to prepare for, publicize, and engage the audience during events on platforms like TikTok and Zoom.
EditorsMar 03, 2025
Drop Necklaces, Archival Pieces Take Over at the 2025 OscarsFrom Doja Cat to Mikey Madison and Selena Gomez, many of this year’s Academy Awards attendees donned drop necklaces.
Policies & IssuesMar 03, 2025
Customs Indefinitely Postpones Requirement to Disclose Country of MiningOriginally slated to take effect in April, official U.S. Customs and Border Protection documents now show the implementation date as “TBD.”
SurveysMar 03, 2025
Consumer Confidence Fell in February Amid Concerns About the FutureThe recent jump in the prices of household staples, like eggs, and the potential impact of tariffs worried consumers.
Events & AwardsMar 03, 2025
AGA Now Accepting Applications for Its Gemological Education Scholarship The application period for the program is now open for aspiring gemologists around the world.
CollectionsFeb 28, 2025
Piece of the Week: Ironhorse Quillwork EarringsThe work of Indigenous designer Joe Big Mountain, these earrings are similar to the pair Lily Gladstone just wore to the SAG Awards.
AuctionsFeb 28, 2025
300-Year-Old Ring With Ties to Witch Trial Judge Up for Auction A metal detectorist uncovered the ring created in memory of Sir Richard Rainsford, who presided over some of England’s last witch trials.
Recorded WebinarsFeb 28, 2025
Watch: 2025 Jewelry Trends ForecastFine jewelry consultant and publicist Francesca Simons joins Amanda Gizzi and Natalie Francisco to discuss the trends set to rise this year.
TrendsFeb 27, 2025
Model Winnie Harlow Says ‘Yes’ to 3-Stone Engagement RingHarlow’s partner, NBA player Kyle Kuzma, worked with Vobara to design the ring, which features oval and pear-shaped diamonds.
MajorsFeb 27, 2025
Winona Ryder, Iman Star in New Pandora CampaignThe Danish jeweler released the next chapter of its “Be Love” campaign, which celebrates love in all its forms.
Events & AwardsFeb 27, 2025
JA to Host Workshop During Alabama Jewelers Association ConventionThe learning workshop and the convention are both scheduled to take place April 26 and 27 in Montgomery, Alabama.
