DDC president praises contribution to industry of late DTC broker Gerald Rothschild

Moshe Mosbacher, President of the Diamond Dealers Club, has paid tribute to Gerald Rothschild, the long-time DTC broker who has passed away at the age of 86 after a career spanning more than 60 years.
 
Getting his start in the business in the 1940s, Mr. Rothschild served for many years as a senior executive at the largest DTC brokerage firm, I. Hennig & Co., including a lengthy stint as managing director. He left the organization in 1989, but returned to the business at age 70 in 1995, when he set up his own brokerage house. Soon afterward, the company was successful in obtaining one of the first DTC sights for the developing diamond industry in China.
 
"Gerald Rothschild played a remarkable role in the worldwide development of our industry, having been instrumental in the growth of most of the major centers that were established following World War II," Mr. Mosbacher said. "As DTC brokers, he and his colleagues were the people who went out into field, established relationships with up and coming companies, nurtured their development and obtained for them rough diamond supplies."
 
"For many of the veterans of our diamond community in New York he was not only a broker, but also a friend," Mr. Mosbacher said. "Those who joined the industry later may not have known him personally, but they work in a business that he helped shape. The diamond trade would look very different were it not for people like Gerald Rothschild. May his memory be blessed."
 
Distributed by MarketDirect Business Communications on behalf of the Diamond Dealers Club.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Moshe Mosbacher
mosbacher1@gmail.com