Dev Shetty walk out from Fura Gems

Until a new CEO is appointed, the board to handle! 

Fura Gems Inc. DMCC, a company specializing in colored gemstone mining, has announced that CEO Dev Shetty has resigned to explore new opportunities, said media report. Fura Gems announced that its board of directors will serve as the main decision-making body until a new CEO is appointed. During this period, the current management team will collaborate with the board to handle daily operations.

The management team has played a crucial role in Fura’s achievements and is well-equipped to maintain operational stability and uphold the company's high standards. Fura remains dedicated to ensuring a smooth leadership transition, with a continued focus on sustainability, innovation, and delivering value to its partners, customers, and stakeholders.  

“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 that meets the evolving demands of the gemstone market,” said Gaurav Gupta, director of Fura Gems board and director of Fura’s majority shareholder.  

“The board of directors extends its gratitude to Dev Shetty for his contribution to Fura Gems. Under his leadership, the company has laid a solid foundation for growth and innovation. Looking forward, we are confident in our ability to execute our long-term strategy and continue Fura Gems’ commitment to sustainability and excellence in the gemstone industry.”  

He added, “The board is fully supporting the current management team of Fura Gems and is totally aligned on the strategic steps needed to continue the journey of Fura Gems; we will operate in conjunction to achieve the ambitious objectives set for the years to come.”