Dev Shetty is leaving as CEO of Fura Gems, with the board of directors set to make all decisions regarding the company until a new chief has been appointed.
The senior leadership team will handle the daily management of the Dubai-based gemstone-mining company, Fura said last week. It will collaborate closely with the board to ensure operational continuity.
“The restructuring of our leadership team is a next step in driving forward our strategy, building on the progress made to create a world-class business which meets the evolving demands of gemstone marker,” said Fura director Gaurav Gupta. “The board of directors extend its gratitude to Dev Shetty for his contribution to Fura. Under his leadership, the company has laid a solid foundation for growth and innovation.”
Shetty founded the company in 2017. In 2023 he was instrumental in bringing the record-setting Estrela de Fura, a 55-carat ruby that sold for $35 million, to auction. Fura operates three deposits: an emerald site in Colombia, a ruby mine in Mozambique, and a sapphire operation in Australia.
“Looking forward, we are confident in our ability to execute our long-term strategy,” Gupta added. “The board is fully supporting the current management team…and is totally aligned on the strategic steps needed to continue the journey of Fura Gems.”
Image: Dev Shetty. (Fura Gems)
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