The 23-carat fancy vivid blue diamond, set to headline Christie’s May jewelry auction, was expected to sell for as much as $50 million.
IDCA Elects President, Board for 2020
Royal India USA’s Haridas Kotahwala is the new president of the Indian Diamond & Colorstone Association.
New York—The Indian Diamond & Colorstone Association Inc. recently elected Haridas Kotahwala as its new president.
Kotahwala, a fourth-generation jeweler who runs Royal India USA Inc. alongside his family, was chosen to head the not-for-profit organization at the IDCA board of directors meeting held in late November. He is one of the organization’s founding members, as well as a past president.
Shekhar Shah of Real Gems Inc. and Shiksha Naheta of Empresa Jewels will continue as secretary and joint secretary, respectively.
IDCA board members continuing for 2020 include: Shrenil Bhansali of Fairway Diamonds Inc.; Prakash Mehta of Interings Inc., Prashant Mehta of Dia Expressions; Sailesh Lakhi of Sparkles & Colors USA Inc.; and Nice Diamonds’ Nilesh Sheth.
Rutali Gandhi of Sagarstar Corp. was elected as a new member. She is only the second woman elected to the IDCA board in the organization’s 35-year history.
She is joined by Parag Jain of Paramount Gems and Amit Jhalani of TBR International, who are also new to the board.
Completing their terms as directors were Mehul Shah of Shivani Gems Inc. and Rajeev Pandya of Ashi Diamonds LLC.
Founded in 1984, the Indian Diamond & Colorstone Association is a not-for-profit association based in New York and comprised of diamantaires, colored stone dealers and jewelry manufacturers from India based in the United States.
IDCA’s goal is to give members a united voice and provide a platform to connect, network, share and promote ethical business practices.
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