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

From lions and hippos to snails and fish, Senior Editor Lenore Fedow wrangles her picks for cutest jewelry critters in Las Vegas.

The big stone will be fashioned into a 20.26-carat diamond in celebration of the retailer’s 100th anniversary this year.

Marie-Laure Cérède will join Chanel as the new director of its jewelry creation studio, starting in October.

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

At the JCK show, the lab-grown diamond brand teamed up with Jewelers for Children to support Make-A-Wish India.


Ilana McCabe is Signet’s vice president of public relations and brand communications.

It was a banner day for blue gemstones, with another blue diamond topping $8 million and a 41-carat sapphire going for $2.3 million.

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

The approval means the retailer is on track to exit bankruptcy proceedings this summer.

The men are believed to be part of the group of several masked suspects that robbed Marc Robinson Jewelers in April.

The bridal-focused brand is also launching its Custom Atelier this summer, a digital custom design tool for its authorized retailers.

The De Beers Group CEO also discussed tariffs, Desert Diamonds, and the pending sale of De Beers in an interview with Michelle Graff.

The industry veteran is bringing his 56-year run in the fine jewelry sector to an end.

Inspired by a locket that got run over, the “Smash” capsule collection reimagines the shape of Lichtenberg’s signature style.

The company has promoted Katherine Whitacre to the role.

The jewelry manufacturer has added Taylor Swift-esque diamond shapes, and more silver, gold vermeil, and gold-plated jewelry.

Morrison has been marketing diamonds on and off since the early 2000s and said she is leaving to “pursue new projects.”

Those born in June can celebrate with pearl, alexandrite, and moonstone jewelry.

The platform allows retailers to guide clients through a customizable engagement ring buying experience in a branded interface.

Jim Springer, owner of Dunkelberger’s Fine Jewelry, is heading into retirement.

When conducting its May consumer confidence survey, The Conference Board asked extra questions about consumers’ budgeting strategies.

The “Tunnel” charm, our Piece of the Week, celebrates Pride Month with its design inspired by hope and the light at the end of the tunnel.

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

Up for auction at Sotheby’s, the collection of Tempelsman’s personal effects includes a Cartier Tank watch Jackie O. gifted him.

The Miami-based fine jewelry brand will host its first summer residency in the Colorado mountain town from June 5 to Aug. 23.

The organization also announced its international board of directors for the 2026-2027 term.

Saks Global confirmed the closure this week, spelling the end for a store that’s been part of downtown Dallas for more than 100 years.
























