Veteran Diamond Trading Company (DTC) broker Gerald Rothschild has passed away at the age of 86.
A dynamic force since the 1940s, Rothschild helped establish diamond cutting centres in Israel, India, and China.
“Gerald was the impeccable English gentleman, whose gracious manner often hid from view his massive contribution to the diamond industry over the past 60 years,” said Avi Paz, president of the World Federation of Diamond Bourses (WFDB).
“As our business grew, with new production and trade centres being set up in different countries, he more often than not was at the forefront, nurturing companies and individuals who eventually would become major players.”
During his 60-year career, Rothschild also served as managing director for diamond brokering company, I. Hennig & Co. In 1995, he set up his own brokerage office. Soon, the firm was able to secure one of the first DTC sights for China, which at the time, was a developing diamond centre.
Moti Ganz, president of the International Diamond Manufacturers Association (IDMA), praised Rothschild for his contributions.
“The part he played in establishing a steady rough diamond supply for industries that were just getting their feet on the ground was absolutely critical for their eventual success,” Ganz said. “His place in these centres’ history books is absolutely assured. At an age that most of his colleagues would have been enjoying retirement, Gerald pushed on, still serving as an industry pioneer. We will remember him with admiration and thanks. We send our condolences to his loved ones.”
Moshe Mosbacher, president of the Diamond Dealers Club (DDC), called him a friend to all in New York City’s diamond community.
“Gerald Rothschild played a remarkable role in the worldwide development of our industry, having been instrumental in the growth of most of the major centres established following [the Second World War],” Mosbacher said.
“As DTC brokers, he and his colleagues were the people who went out into the field, established relationships with up-and-coming companies, nurtured their development, and obtained for them rough diamond supplies.”
