The story of Dimexon

Posted by Kwadwo Adu on

Dimexon’s story begins with Pankaj Mehta, a self-made man who, in 1966 at the age of 18, opened a diamond manufacturing business in Mumbai. What began as a handful of people in a small workshop has evolved into an international market leader in the diamond sector, with offices spread across five countries.

Dimexon is a second-generation family-run business, active in all major markets worldwide, managed by the next generation of the Mehta family, namely Pankaj Mehta’s sons, Rajiv and Vishal. Dimexon specialises in traceable, calibrated, small diamonds of the highest quality and consistency, which it provides to leading global jewellery and watch brands.

Pankaj Mehta’s vision was to create a diamond manufacturer that would be renowned as much for its principles as for its product. Dimexon was built upon the cornerstones of integrity, transparency, attention to detail, and support of local communities.

In 1976, Dimexon became a De Beers Sightholder, a recognition of its adoption of advanced manufacturing systems and processes, as well as its commitment to good governance. Dimexon has continued to evolve as an agile and innovative leader embracing the values of its founder to transform the diamond market.

 

Empowering women

Dimexon has more than 3,000 employees across its offices in Coimbatore, Mumbai, Antwerp, Dubai, Hong Kong and Paris, and more than three quarters of the staff are women. This makes it the largest diamond manufacturer in the world to employ women at such a scale.

Pankaj Mehta understood that in order to lift a society as a whole, women must receive opportunities and pay parity with their male counterparts. However, to do this, he realised he needed not just to offer jobs but to create a workplace in which women can thrive. As such, Dimexon set up childcare solutions, transportation to and from work, technical training, and flexible working hours to help support the female staff. With the increased number of dual-income families, the socio-economic status in Coimbatore, the site of its main manufacturing hub, have improved.

 

Traceability: the journey of each stone

In the complex diamond industry, traceability has always been a challenge, especially for smaller stones, the type known as melee and used as pavé accents in jewellery and watch designs.

Dimexon has used its unique position in the centre of the supply chain to prioritise transparency. Dimexon buys rough diamonds directly from mining companies, cuts and polishes them entirely in-house, and sells directly to jewellery and watch brands. This integrated supply chain allows the company a level of control that other manufacturers do not have. 

It has also implemented an industry-leading technology platform, with ERP software developed by SAP, across its end-to-end supply chain. This facilitated an automated tracing of stones from rough to polished. Customers are reassured that every diamond supplied by Dimexon is natural, responsibly sourced, ethically crafted, and conflict free.

 

Dimexon today

For decades, Dimexon has remained at the forefront of the diamond industry, seeing opportunities where others see limits, disrupting the status quo in order to encourage industry advancement.

Today, Dimexon is a leading diamond manufacturer, specialising in melee and calibrated round diamonds and are the preferred partner to some of the world’s most exclusive watch and jewellery maisons.

It is renowned for traceable, ethically sourced, natural diamonds along with an innovative range of tailor-made solutions to help customers efficiently manage their supply chain. Dimexon primarily sources its natural rough diamonds through long-term contracts with major mining companies, namely, De Beers, Alrosa and Rio Tinto. 

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