Benny Steinmetz is a Diamondz King

In 1978 when Benny Steinmetz joined his father’s company, the Steinmetz Business Group, the company was 38 years old and had its only office in Tel Aviv. The Steinmetz Business Group was involved in the diamond business. Benny Steinmetz soon started to shine due to his keen business and investment sense. He started growing the company at a rapid pace. Very soon, from that one office in Tel Aviv, the Steinmetz Business Group expanded to four other continents. Offices were established in Johannesburg and Namibia in Africa, Mumbai in Asia, Chicago and New York in the USA and Antwerp and Geneva in Europe. Benny Steinmetz had come to stay and stayed he has.

The hallmarks of Benny

One of the hallmarks that Benny Steinmetz has set for his company is quality. Under his leadership, the Steinmetz Business Group started dealing in top quality rough and polished diamonds. Some of the diamonds were sourced from mines directly owned by the Steinmetz Business Group. The rest of the diamonds were procured from some of the leading diamond merchants in the world, DeBeers included. Very soon, Steinmetz Diamonds made a name in the market and the company has never looked back. It has a huge group of loyal customers and the company has been adding to the number on a consistent basis.

Shrewd businessman

Shrewd businessman that he is, Benny Steinmetz soon realized the potential of the online diamond market. He started off by acquiring a part stake in the website diamond.com. Through this website the company started selling diamonds online. Visitors to the website can buy loose certified diamonds and polished diamonds that range in price between $200 and $2,000. As part of his strategy for online sales of diamonds, Benny Steinmetz soon introduced the concept of monthly payment plan where customers could buy diamonds and pay for them through monthly installments. The website also started offering a 30 day money back policy and free home delivery when the purchase price goes beyond $250.

Other ventures

Benny Steinmetz also gradually moved into other ventures and apart from diamonds, his companies are now into the domains of natural resources, real estate and capital markets. He donates a lot to charity and his aim is to reduce poverty in the areas his company operates and improve education and health of children worldwide. Benny Steinmetz is now listed among the top billionaires of the world in Forbes Magazine.

Steinmetz diamonds

Steinmetz diamonds are now one of the most well known diamonds in the world. People don’t care for the price when they buy diamonds marketed by Benny Steinmetz’s company. The quality is so assured that customers trust the company with their eyes closed. In the world of diamonds, Benny Steinmetz shines bright and is indeed the Diamondz King of the world.

International Busines by Benny Steinmetz

International Business made by by Benny Steinmetz

Setting up an international business requires a lot of documentation, adherence to international business laws and doing feasibility study. But above all, it requires vision, will and ability. There are few countries in the world that have as many companies doing international business as the USA. In a country like Israel, companies doing international business are few and far between. One of the names that come on the list of these international business companies is Benny Steinmetz Group. Started in 1940, the Benny Steinmetz Group is a true international company.

The present company was started way back in 1940 as Steinmetz Business Group. The company then was solely into the mining and trading of diamonds. It had one office in Tel Aviv from where the entire business was conducted. The owner of the company was the father of Benny Steinmetz. When Benny Steinmetz joined the company in 1978, he immediately set about planning an international presence for the company and diversifying the business worldwide. His immense business and investment vision was the tool he had and he made full use of it.

After establishing his father’s company as the leading diamond dealer in Israel, Benny Steinmetz started making ventures abroad. He expanded the business by setting up offices in places like Antwerp, Chicago, Geneva, Johannesburg, Mumbai, Namibia and New York. The name of the company also changed to Benny Steinmetz Group. As the locations grew so did the amount of business. Benny Steinmetz Group now started dealing with high quality diamonds that were procured from diamonds mined in their own mines as well as procured from some of the international diamond dealers like DeBeers.

Benny Steinmetz also realized that to truly establish an international presence he needed to create a footprint in the online world. His first venture was to buy some stake in diamond.com, a website through which he started selling diamonds online. To attract customers, he started schemes like the 30 day money back policy, monthly installment scheme and free delivery for purchases beyond $250. With focus on quality as the backbone of his business, Benny Steinmetz reached out to loyal customers located all over the world. Later on, he strengthened his online presence by buying a controlling share in Tucows, one of the largest online gaming portals based out of Canada.

From diamonds, the Benny Steinmetz Group now ventured into other areas like capital markets, real estate and natural resources. Subsidiary companies like BSG Resources Limited, BSG Capital Markets and Five Mounts Properties were established.

Benny Steinmetz is now recognized as one of the largest international business houses in Israel. Benny Steinmetz himself has made it to the Forbes’ richest businessmen list. He has truly become the face of Israel in the international business community.

Economic News of the Year 2009

Benny Steinmetz is an international business personality who has made it big in the world of business and economy. He is now ranked at No. 583 in the Forbes List of Richest People and is worth at least USD 1.7 billion. In spite of all the economic downtime last year, Benny Steinmetz Group, also known as BSG Investments, had a wonderful year in terms of turnover and income.

Benny Steinmetz Group started off with diamonds. Later on, as the business expanded, the group got into other areas like natural resources, engineering, real estate and finance and asset management.

BSG – diamonds
The Steinmetz Diamond Group was founded by Ruben Steinmetz (Benny Steinmetz’s father) in 1940. Since Benny Steinmetz joined the group in 1978, he expanded this business to places like Mumbai, Namibia, Antwerp, Tel-Aviv, New York, Geneva, Chicago and Johannesburg. The Steinmetz Diamond Group, or SDG is one of the leading players in the world in the area of rough and large polished diamonds. The group exceeds USD 1.5 billion a year in turnover. The motto of the group is to reach out to the customer directly from the mine.

BSG – natural resources
The natural resources wing of Benny Steinmetz Group is called BSGR and for more than 10 years now, this group has been actively involved in the area of natural resources, with special emphasis on Africa. Among the many natural resources plants that the group operates, some of the most notable are
• It is the world’s largest Nickel producer through its Ferro-Nickel plant and mines in the Balkans.
• Iron ore mine in Guinea.
• Steel mill in Azerbaijan.
• Copper-Cobalt mines and smelting in Zambia.
• Diamond mine in Sierra Leone.

Benny Steinmetz Group also has another arm, the BSGE and through this arm, it plays in the energy sector. This group operates a phosphate project in the Kingdom of Saudi Arabia, oil and gas exploration permit in the Komi Republic and the Niger Delta and a petrochemical project in Russia.

BSG – engineering
Benny Steinmetz Group holds majority shares in two major players in the field of engineering – Bateman Engineering N. V. and Bateman Litwin N. V. Through these two companies, the group is involved in minerals, metals, environmental treatment systems, bulk materials handling, solutions to oil, power, gas and chemical companies and so on.

BSG – real estate
Benny Steinmetz Group has its presence in the real estate arena through Five Mounts Properties. North America and Western Europe has been a significant focus area of the group for the past 15 years.

BSG– finance and asset management
Benny Steinmetz Group is an active player in portfolio and trading management. Benny Steinmetz himself was the founder of Hermitage Fund in Russia. This fund is a lead investor in the Russian equity market.

BSG Investments

Benny Steinmetz
BSG Investments (Benny Steinmetz Group)
Israel
Date of Birth: 02/04/1956
Place of Birth: Israel
Married + 4 Children

Benny Steinmetz is a prominent international businessman with activities in over 25 countries.
Through family trusts and foundations, the BSG Group http://www.bsginvestments.com/ focuses on four major sectors: Natural Resources, Real Estate, Capital Markets and Diamonds.
Natural Resources:
http://www.bsgresources.com
BSGR: Activities in natural resources, mining, oil and gas, engineering and metallurgy.
Real Estate:
Five Mounts Properties: Real estate investments in North America and Europe.
Scorpio Real Estate: Development projects in Central and Eastern Europe.
Capital Markets:
BSGMS: Capital and financial investments in capital markets.
Diamonds:
http://www.steinmetzdiamonds.com
Steinmetz Diamond Group: World leaders in rough and large diamonds.

Benny Steinmetz is the Chairman of: Agnes & Beny Steinmetz Foundation, which specializes, in supporting education and welfare to children from early age until youth as well as being dedicated to supporting the Arts.
Benny Steinmetz is a Director of the Tel Aviv Museum of Art, and is one of its pillar supporters.