The Rosy Blue Group has a history of responsible business conduct. The success of our family business, founded by my eldest brother Arunkumar and our uncle Bhanuchandra Bhansali, is due in no small part to strong family values – integrity, diversity and accountability.

I believe that Rosy Blue’s employees, suppliers, customers and other stakeholders have maintained their relationships with us partly because of our uncompromising adherence to these family values.

Over the past 45 years our family has evolved from a very humble beginning to a multinational corporation that offers employment to over 10,000 people. As one prospers, one’s social responsibilities increases. We share our business successes by giving back to our community, our town, our country and the world in which we work and live. Hence, value for what we have must be at the core of our thinking.

The global economy of the 21th century is creating new economic opportunities. But succeeding in these complex times will take more than improved technology and a higher turnover – it will demand new kinds of engagement of a company. Indeed, one of the major challenges for companies today, lies in providing responsible leadership in times of significant change.

As time passed, Rosy Blue has played a pioneering role in many instances with respect to CSR initiatives. Since 2005, we have adhered to the Best Practice Principles of De Beers and we became an active founding member of the Responsible Jewellery Council.

In 2007, we formalized our CSR strategy across the group. A global team has been appointed and has the responsibility for the implementation and progress of our CSR strategy.

In addition, we developed our own internal Rosy Blue CSR model and pre-audit model and CSR extranet that goes beyond legal compliance and focuses on ethical business practices.

As a public sign of Rosy Blue’s commitment to corporate responsibility and sustainability, in June 2008, we signed the United Nations Global Compact, the world’s largest voluntary initiative to promote corporate responsibility. We are committed to promote its 10 principles in support of human rights, labour rights, the environment, and anti-corruption. We will continue to work on these different areas.

For the first time, Rosy Blue has published a Corporate Social Responsibility Report for the 2008 period to provide an insight into our activities.

Rosy Blue has made major strides towards the fulfillment of its CSR goals. We would never have been able to achieve this without the involvement of our CSR Advisory Board, the University of Antwerp Management School, our suppliers, our customers, our employees in all sections of our organization. On behalf of the entire Group Associates, I would like to express my gratitude and appreciation for this.
Sincerely,

Baron Dilip Mehta
Group Chief Executive Officer