The Indian Diamond and Colorstone Association (IDCA) will host its Annual Gala Awards Night on Saturday, May 31, 2008 at the Venetian Resort and Casino in Las Vegas, Nevada during the JCK Las Vegas Show, one of the most important jewellery trade shows in the world. The awards to be presented include the Retailer of the Year, E-Tailer of the Year, Doyenne of the Year, given to an influential woman in the industry each year, as well as the Pioneer Award which is given to an important figure in the Indian community whose leadership was instrumental in the industry's success.

The ‘Doyenne of the Year’ award will be presented to Ms. Dawn McGuire, Vice President, Mall Division of Sterling Jewelers. Mr. Harshad R. Mehta, will be honored with the ‘Pioneer Award.’ Mr. Mehta is the senior partner and Chairman of Rosy Blue. Mr. Mehta is known as the 'Diamond King of the World.' His profound understanding of the global diamond industry has enabled him to build a huge network in over 15 countries employing over 10,000 people globally. He also is the Chairman of the Intergold and ORRA Group of companies.

The ‘E-Tailer of the Year’ is being presented to Bidz.com. Mr. David Zinberg, President and CEO, will accept the award for Bidz.com. Bidz.com founded in 1998 by Zinberg, now ranks second among online jewellery sites, with a 17 percent market share. Bidz.com recently launched a sister site Buyz.com, which sells jewellery for a fixed price.

This year, the association will honor the Wal-Mart Group as the ‘Retailer of the Year’. Ms. Pam Mortensen, General Merchandising Manager of the Jewellery Division will be accepting the award at the dinner.

The Keynote speaker for the event will be Kathy Ireland. Kathy Ireland, named "a best friend to working mothers," by the Associated Press and The London Times, has gained far greater fame and fortune as the leading lifestyle designer and manufacturer in many fields of home furnishings and fashion.