Steve Bennett (jewelry entrepreneur)


Steve Bennett is a British gemstone expert and serial entrepreneur. He is known for his online shopping businesses.

Early life and education

Bennett grew up in Birmingham, where he learned to sail and play the saxophone and guitar. He also studied geology. He was a poor student during his secondary education, but later completed a computer training course.

Career

As a young man, Bennett worked in a number of office based computer roles. After losing his job, he set up his own UK company selling computers and later software. This small enterprise later became Software Warehouse, and grew to be a 30 store retail chain in the 1990s. Bennett sold the company in 2000.
With the advent of the internet, Bennett established jungle.com which he later sold for £37 million at the height of the dotcom boom.
Bennet started several more e-commerce, retail and entertainment companies. He set up jewelry retailer Gems TV in 2004 and The Genuine Gemstone Company in 2007. The company employs about 500 staff members. In 2012 Genuine Gemstone was named to the Fast Track 100 list of fastest growing privately held companies.
In 2014 the company operates several brands, including Gems TV, a broadcast shopping channel; Rocks TV, which is shown on DirecTV and Dish TV; Gemporia.com, an ecommerce website which hosts live auction rooms and an online television show The Lounge; Jewellery Maker, a television channel and associated e-commerce website for jewellery making hobbyists; NOWSEEN.com, a fashion focused website aimed at a younger audience; and Gem Collector.com, an e-commerce website which sells loose gemstones.
Steve sold his shares in 2006, the year the company floated on the SGX stock exchange. Apparently at that time he was effectively sacked from the business he had started. Four years later he bought the company back, by which time it was experiencing declining sales. He restored the company and in 2012 won the Fasttrack 100, as the fastest growing privately owned business in the UK. He then sold Jewellery maker in 2015 to immediate Media and again bought it back in December 2019. In December 2017, The Bennett family transferred 75% of the ownership of their companies to their employees.
In 2018 he wrote a health book named Primal Cure and the following year launched a health business under the same name. This was later rebranded to Primal Living. In December 2019 he self-published a further health book called Fat and Furious which was co-written with 23 doctors and experts and is a not for profit book
Along with his family he established the Colourful Life Foundation in 2011 of which Richard Branson is the patron. The charity has built more than 15 schools across India, Tanzania and South Africa. He also runs a not for profit business called Healthdaddy.com, which states its mission is to lobby the government to change the outdate guidelines on food.

Awards and Accolades