The retailer failed to file its annual report on time and said it may issue a going concern warning.
Pioneer Gems’ Sancheti Elected IDCA President
He will lead the Indian Diamond and Colorstone Association in 2016, alongside Vice President Rakesh Barmecha of Niru NY Ltd.
New York--The Indian Diamond and Colorstone Association has announced the results of its recent executive committee elections for 2016.
The IDCA elected Ashok Sancheti of Pioneer Gems, previously the organization’s vice president, as president. Rakesh Barmecha of Niru NY Ltd., meanwhile, was elected vice president.
Jay Mehta of Amikam is to serve as secretary while Nirav Doshi from Jewelex NY Ltd. will be the treasurer and Prateek Nigam of Oriental Gemco NY will be the IDCA’s joint secretary.
The organization’s board of directors is comprised of the following individuals:
--Shailesh Jhalani of Prompt Gem Imptrs. Inc.;
--Alok Mehta of IDD;
--Atit Mehta of Atit Diamond Corp.;
--Rajeev Pandya of Ashi LLC;
--Neeraj Rawat of Rawat Gems;
--Neil Savalia of Neil Savalia Inc.;
--Mehul Shah of Shivani Gems Inc.;
--Rayaz Takat of Takat Gems USA Inc.; and
--Nilesh Sheth of Nice Diamonds
The IDCA is a not-for-profit organization comprised of diamantaires, colored stone dealers and jewelry manufacturers from India who are based in the United States.
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