IDCA Hands Out Awards in Tucson
The association also celebrated its 40th anniversary.

IDCA founding member Haridas Kotahwala, who recently was elected president of the organization again, expressed gratitude to attendees in an address highlighting the significance of the show.
He also recognized the following honorees for their contributions to the association.
Vinay Kothari of Precious Trade Inc. won the “Business Leadership Award – Colorstone;” Bobby Jain of Fana won the award for “Designer of the Year – Fine Jewelry;” Sara Gem Corp. won the “Outstanding Achievement Award – Gemstones;” and Gübelin Gem Lab New York took home the “Excellence in Gemology” award.
Kothari expressing gratitude for the recognition and said it was a privilege to be acknowledged by IDCA.
He also extended appreciation to his family, noting their support throughout his 50 years in the business. He mentioned the business’ survival and growth, attributing it to their commitment to delivering the best products and services.
Jain applauded IDCA’s collaborations in the gemstone community and extended congratulations to the organization for its efforts. He acknowledged the contributions of all senior members in the community and said he was proud to embrace both his Indian and American heritage.
Jain emphasized the importance of collaboration over competition and expressed his excitement for the next generation’s potential.
Sara Rahmanan from Sara Gem Corp., along with her sons Ron and Sam Rahmanan, thanked IDCA for organizing the event.
They also thanked Kothari for his support while growing their business, Kotahwala and IDCA for “fostering a familial atmosphere,” and other IDCA members for their influence.
On behalf of Gübelin Gem Lab, Bruder, the head of the lab in New York, expressed gratitude to all for recognizing the lab, which is celebrating its 101st anniversary.
Bruder thanked customers for encouraging the lab’s expansion into multiple areas and said the company looks forward to continued growth and collaboration worldwide.
Finally, he said the award serves as a testament to their hard work, mission, and professionalism.
The evening ended with a note of thanks by IDCA Secretary Manoj Bhandari.
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.
The Latest

The company’s jewelry sales were up in Q4 and the fiscal year, with Richemont raising prices in part because of the cost of gold.

The “Bauble” capsule collection of colorful one-of-a-kinds includes our Piece of the Week, the “Bauble” earrings, featuring rose zircon.

The updated catalog has a newly dedicated section for gift wrapping.

As gold prices rise, today’s retailers are looking for alternatives at prices that will appeal to wider audiences.

Everett covers colored stones’ surging popularity, the mellow return of the “Mellon Blue,” and his “The Devil Wears Prada” doppelgänger.


Fourth-generation CEO Lilly Mullen wants to emphasize experience, connection, and personalized service.

The addition of the diamond-producing countries as nation affiliated members broadens the federation’s global representation, WFDB said.

With the trade and customer trust in mind, GIA® developed NextGem™ – on-demand training designed specifically for retail.

The NYPD is warning elderly New Yorkers to keep their jewelry hidden when walking outside to avoid being a target.

Designer Viviana Langhoff has realized her dream of owning a space for her Chicago jewelry store that looks and feels like her brand.

The sessions will run from Friday, May 29, to Sunday, May 31, with one being a live taping of an episode of Couture’s podcast.

Former Stephanie Gottlieb Fine Jewelry executive Morgan P. Richardson is joining the lab-grown diamond jewelry brand.

The $400 pocket watch is a blend of Audemars Piguet’s iconic eight-sided Royal Oak and Swatch’s unserious Pop watches from the ‘80s.

With gold prices on the rise, the “Modern Electrum” collection uses an alternative, non-tarnishing metal alloy composed of gold and silver.

Fruchtman Marketing has new owners, Erin Moyer-Carballea and Manuel Carballea, and will relocate to Miami.

In a column for the 2026 State of the Majors issue, Smith lists 10 time-tested principles about sales that still ring true.

In a column for the 2026 State of the Majors issue, Golan spells out how the growing economic divide in the U.S. is reshaping the market.

The “Limitless Expansion of Joy and Hope” collection evokes summer through colored gemstones and motifs of butterflies and florals.

The jewel, circa 1890, is from the late Victorian era and was owned by descendants of the last high king of Ireland.

This is what the nine recipients plan to do with the funds.

The Western star’s 14-karat gold signet ring sold for six times its low estimate following a bidding war at U.K. auction house Elmwood’s.

The discussion, "Rebuilding the Jewelry Workforce," will take place on Saturday, May 16, in Troy, Michigan.

The jewelry industry is reassessing its positioning as Gen Z reshapes the retail landscape and lab grown continues to gain market share.

A matching pair of 18.38-carat, D-color diamonds from Botswana’s Jwaneng mine sold for $3.3 million, the top lot of the jewelry auction.

Sponsored by A Diamond Is Forever

The next generation of lapidarists are entrepreneurial, engaged online, and see the craft as a means for artistic expression.

It was the second auction appearance for the fancy vivid blue-green diamond, which sold for $7.8 million at Christie’s Geneva 12 years ago.


























