SourcingJan 11, 2024
Gem Legacy Is Expanding Its Advisory Council SourcingJan 24, 2024
Haridas Kotahwala Returns as IDCA President
Kotahwala, who’s served as IDCA president before, is a fourth-generation jeweler who runs Royal India USA Inc.
Fourth-generation jeweler Haridas Kotahwala of Royal India USA Inc. will serve a one-year term as president of the IDCA.
New York—Haridas Kotahwala, the head of Royal India USA Inc., is the new president of the Indian Diamond & Colorstone Association (IDCA), which will celebrate its 40th anniversary this year.
Kotahwala, one of IDCA’s founding members, was unanimously elected to a one-year term at the IDCA’s board of directors meeting held Jan. 16.
This is the sixth time he has served as IDCA president.
Elected to serve alongside Kotahwala as vice president was Aniket Parikh of Terra Cor Diamonds, while Manoj Bhandari of RMC Gems Inc. was elected secretary, Navneet Chordia of Galaxy USA Inc. as treasurer, and Vibhor Saraf of Trillion Emerald Inc. as joint secretary.
The following members will remain as directors for 2024:
Shailesh Jhalani of Prompt Gem Importers Inc.;
Nimish Mehta of Atit Diamond Corp.;
Kailash Rawat of Rawat Gems LLC;
Anshal Shah of Suraj Impex Inc.;
Akshat Sanghavi of Dynamic Design Group; and
Jihan Vaghashiya of Star Rays NY Inc.
Related stories will be right here …
Kotahwala, one of IDCA’s founding members, was unanimously elected to a one-year term at the IDCA’s board of directors meeting held Jan. 16.
This is the sixth time he has served as IDCA president.
Elected to serve alongside Kotahwala as vice president was Aniket Parikh of Terra Cor Diamonds, while Manoj Bhandari of RMC Gems Inc. was elected secretary, Navneet Chordia of Galaxy USA Inc. as treasurer, and Vibhor Saraf of Trillion Emerald Inc. as joint secretary.
The following members will remain as directors for 2024:
Shailesh Jhalani of Prompt Gem Importers Inc.;
Nimish Mehta of Atit Diamond Corp.;
Kailash Rawat of Rawat Gems LLC;
Anshal Shah of Suraj Impex Inc.;
Akshat Sanghavi of Dynamic Design Group; and
Jihan Vaghashiya of Star Rays NY Inc.
The new incoming directors for 2024 are Kunal Shah of Pristine Gems Inc. and Vishal Shah of Verigold Jewelry.
The IDCA’s incoming board and executive committee expressed their gratitude to Shailesh Jhalani for his service to the association as president last year.
They also thanked retiring board members Rutali Gandhi of Sagar Star Corp., who served as secretary/treasurer, and Vinit Jobanputra of Sanghvi Diamonds LLC, who was vice president.
Founded in 1984, the IDCA is a New York-based not-for-profit comprised of diamantaires, colored stone dealers and jewelry manufacturers from India whose businesses are based in the United States.
The organization’s goal is to give its members a voice and provide a platform to connect, network and share and to promote ethical business practices.
More on Sourcing
The Latest
FinancialsMar 20, 2026
Macy’s Turnaround Plans Shows Promise, Boosted by Bloomingdale’sPlus, why Saks Global’s bankruptcy may have given Bloomingdale’s an edge.
AuctionsMar 20, 2026
Sotheby's, De Beers Unveil ‘Jwaneng 28.88’ DiamondThe flawless, Type IIa stone is estimated to achieve up to $2.8 million at the auction house’s high jewelry sale in April.
TrendsMar 20, 2026
‘Frankenstein’ Costume Designer Is Bejeweled In Brooches for Oscars WinCostume designer Kate Hawley wore three archival Tiffany & Co. brooches, our Pieces of the Week, while accepting her first Oscar.
Brought to you by
Protect Your Customers and Your BusinessYou deserve to know what you are selling–to protect your customers as well as your business and your reputation.
FinancialsMar 19, 2026
Signet Jewelers to Close 100 Stores, Shutter James Allen BannerThe jewelry retailer announced changes to its store network and brand portfolio during its fourth-quarter earnings call.
Weekly QuizMar 19, 2026
This Week’s QuizTest your jewelry news knowledge by answering these questions.
SurveysMar 19, 2026
NRF Forecasts 4% Retail Sales Growth in 2026From a weaker labor market to inflation, NRF Chief Economist Mark Mathews gave insight on what retailers can expect this year.
AuctionsMar 19, 2026
26-Carat Diamond Tops $1M at AuctionThe historic stone, which sold at Elmwood’s in London, is the largest white diamond to be offered on the U.K. market in more than a decade.
Brought to you by
Is This You? Every Jeweler Has This Problem; We Have the Solution.Every jeweler faces the same challenge: helping customers protect what they love. Here’s the solution designed for today’s jewelry business.
Events & AwardsMar 19, 2026
JCK Rocks To Ride With NellyThree-time Grammy award-winning artist Nelly is set to perform at the annual event at Tao Beach in Las Vegas on May 31.
AuctionsMar 18, 2026
Collection of the ‘Severely Beautiful’ Lady Wardington Fetches $161KThe model and fashion editor’s gold evening bags were the top lots at the London sale, going for more than $25,000 each.
PodcastsMar 18, 2026
Episode 3: An Interview With Jewelry Designer Johnny NelsonFresh off winning the David Yurman Gem Awards Grant, Nelson discusses the ring that launched his career and his plans for the future.
MajorsMar 18, 2026
Stuller Releases New Edition of Jewelry Education Book“The Basics of Jewelry” has been updated to include modern topics and visuals.
Events & AwardsMar 17, 2026
The Best Moments From the 2026 Gem Awards Held just before the Oscars, the jewelry industry’s big awards show had its share of standout jewelry, gowns, and acceptance speeches.
TrendsMar 17, 2026
Natalie Portman Is Tiffany & Co.’s New AmbassadorThe Academy Award-winning actress stars in Tiffany & Co.’s latest commercial, which debuted Sunday night during the Oscars.
MajorsMar 17, 2026
Kering Establishes Jewelry Division, Appoints CEOThe organizational change follows Kering’s promise of a transformation after declining sales in 2025.
EditorsMar 16, 2026
2026 Oscars Jewelry: One Necklace After AnotherNatalie Francisco rounds up the top Oscars jewels, including Rose Byrne’s Taffin necklace with a more than 20-carat yellow-brown diamond.
WatchesMar 16, 2026
TAG Heuer Has a New CEOBéatrice Goasglas has been with TAG Heuer since 2018. She is the first woman to head the 166-year-old, LVMH-owned watch brand.
IndependentsMar 16, 2026
Ben Bridge Debuts New Honolulu BoutiqueThe store features the first in-store build for the jeweler’s in-house “Bella Ponte” bridal brand.
AuctionsMar 16, 2026
Bonhams Paris To Offer Antique, Signed Jewels The live fine jewelry auction will take place later this week, showcasing antique pieces, rare gemstones, and signed jewels.
CollectionsMar 13, 2026
A Trio of Jewels from the 3 Gem Award Nominees for Jewelry DesignOur Pieces of the Week honor the 2026 nominees for the Gem Award for Jewelry Design, Silvia Furmanovich, Cece Fein-Hughes, and Catherine Sarr.
WatchesMar 13, 2026
Citizen, Vera Wang to Launch Watch CollectionThe 24-piece watch collection is set to debut in spring 2027.
SourcingMar 13, 2026
Andrea Pooler Joins Third-Generation Diamond Company as COO Pooler, who has more than 25 years’ experience in jewelry, is now chief operating officer of Modani Jewels, Soham Diamonds, and SNJ Creations.
MajorsMar 13, 2026
24 Karat Club of New York’s Banquet to Return to Waldorf AstoriaThe reopening of the Waldorf Astoria means a homecoming for the industry group’s annual event, which will take place Saturday.
CollectionsMar 12, 2026
Jessica McCormack Sends Gold, Gemstones Into ‘Orbit’McCormack looked to the 19th century’s “golden age” of astronomy when designing her new celestial-themed collection.
Events & AwardsMar 12, 2026
Johnny Nelson Wins David Yurman Gem Awards GrantNelson will be honored as the inaugural grant winner at the Gem Awards gala on Friday.
TechnologyMar 12, 2026
Caratwise Launches, Names Former Signet Exec CEO The new smart design software allows jewelers to configure, price, and confirm a custom engagement ring in real time for in-store customers.
SourcingMar 12, 2026
Grandview Klein Opens New Factory in South Africa The 10,000-square-foot diamond manufacturing facility officially opened in late February and employs 50 people.
