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INDIAN DIAMOND AND COLOR-STONE ASSOCIATION INC
NEW YORK, NY · EIN 133211019 · Form 990 · FY2025 · Small ($100K-$1M) · idcany.org
revenue
$253K
expenses
$281K
net assets
$360K
employees
1
program ratio
51%
mission · from form 990

MAKE MEMBERS AWARE OF CURRENT TRENDS, DEVELOPMENTS AND ISSUES FACING THE INDUSTRY.

profile · synthesized from sources

Indian Diamond and Colour-Stone Association Inc. is a New York-based trade association serving the diamond and colored gemstone industry. It provides member services such as a printed directory and facilitates networking through events including Diwali and consulate galas. The organization aims to keep members informed about industry trends, developments, and issues.

irs program accomplishments · form 990 part iii · fy2025

What they reported doing

  1. #1 primary $8K
    MEMBER DIRECTORY PRINTING
  2. #2 $56K
    DIWALI EVENT
named programs · 3 · from sources

What they call their work

Consulate and Gala Event
Networking and diplomatic engagement event involving consulate representatives and industry members
Diwali Event
Annual cultural and networking event for members of the diamond and color-stone industry
Member Directory Printing
Annual printing and distribution of a directory for association members
activities · 2 groups

What they do

  • Jewelry and Gemstone Industry Advancement 3 activities
    • Offers membership and capacity-building resources for industry professionals
      Provides access to exclusive resources including industry news, event participation, trading forums, and networking tools for wholesalers, manufacturers, and traders in the diamond, gemstone, and jewelry sectors. The organization has served this community since its founding in 1984.
    • Organizes in-person and virtual events to support industry engagement and professional development
      Hosts networking sessions, webinars, cultural celebrations such as Diwali events, annual galas, and trade symposia—including the US-India Jewelry Industry Trade Symposium—to strengthen ties within the diamond and color-stone trade community.
    • Produces and distributes a member directory to enhance industry connectivity
      Prints and maintains a member directory that supports networking and communication within the Indian diamond and color-stone industry, enabling members to locate and contact peers and businesses.
  • Professional Association Capacity Building 1 activity
    • Facilitates business networking and communication among members of the Indian diamond and color-stone industry
      Provides a platform for members to connect through private messaging, members-only forums, detailed business profiles, and tools for sales and procurement. The organization supports ongoing communication and information exchange via a searchable online directory and member-to-member interaction features.
financials · form 990 · fy2025
revenue
Total revenue$253K
Contributions & grants$00%
Program service revenue$222K88%
Investment income$9K4%
Other revenue$22K
expenses
Total expenses$281K
Program expenses51%
Admin / overhead49%
Fundraising0%
Salaries & benefits$63K
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$385K
Cash$80K
Investments$299K
Liabilities$25K
Net assets$360K
Liquid reserves16.2 mo
6 years on record · 2020–2025 · YoY revenue -25.4%
leadership · form 990 part vii · fy2025

Who runs it

board members · 8
  • AMIT BARDIA — DIRECTOR
  • ARYA SANGHAVI — DIRECTOR
  • HEMANT PHOPHALIYA — DIRECTOR
  • PARAG JAIN — DIRECTOR
  • SAUMIL PARIKH — DIRECTOR
  • VAIBHAV KOTHARI — DIRECTOR
  • VINEET BOKARIA — DIRECTOR
  • YATISH DANGAYACH — DIRECTOR
relationships · 21

Who they work with

  • A G Color / A G Diajewels Inc. Partner — Member company represented on the IDCA Board of Directors
  • Color Jewels Inc. Partner — Member company represented on the IDCA Board of Directors
  • Consulate General of India, New York Government — Represented at the IDCA US-India Jewelry Industry Trade Symposium by Consul General Randhir Jaiswal.
  • Dealer Network — Member category consisting of diamond, colorstone, jewelry, and pearl wholesalers and manufacturers.
  • Diacentre Inc. Partner — Member company represented on the IDCA Board of Directors
  • Diamour Inc. Partner — Member company represented on the IDCA Board of Directors
  • Disons Gems Inc. Partner — Member company represented on the IDCA Board of Directors
  • FC Creations Inc. Partner — Member company represented on the IDCA Board of Directors
  • International Diamond Manufacturers Association Partner — Collaborated with IDMA through participation in the IDCA US-India Jewelry Industry Trade Symposium, including representation by IDMA President Ronnie VanderLinden.
  • New York City Department of International Affairs Government — Participated in the IDCA US-India Jewelry Industry Trade Symposium with Commissioner Edward Mermelstein.
  • New York City Mayor's Office of International Affairs Government — Participated in the IDCA US-India Jewelry Industry Trade Symposium through Deputy Commissioner Dilip Chauhan.
  • Niru NY Ltd. Partner — Member company represented on the IDCA Board of Directors
  • Office of Congresswoman Grace Meng Government — Represented at the IDCA US-India Jewelry Industry Trade Symposium by Congresswoman Grace Meng.
  • Paramount Gems Partner — Member company represented on the IDCA Board of Directors
  • Preferred Service Provider Partner — Service providers offering specialized services to IDCA members.
  • Real Gems Inc. Partner — Member company represented on the IDCA Board of Directors
  • Renaissance Diamonda / American Originals Partner — Member company represented on the IDCA Board of Directors
  • Renaissance Jewelry Partner — Member company represented on the IDCA Board of Directors
  • Royal India USA Inc. Partner — Member company represented on the IDCA Board of Directors
  • Signet Jewelers Partner — Engaged as a key participant in the IDCA US-India Jewelry Industry Trade Symposium, with Group President Jamie Singleton serving as keynote speaker.
  • Star Asia / Arya's Collection Partner — Member company represented on the IDCA Board of Directors
strategies · 4

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Collective Advocacy for Industry Influence
    methodology: collective_advocacy
    By uniting members into a single representative body, the association amplifies their collective voice to shape perceptions and policies in the U.S. market, because individual actors lack the visibility and political leverage to effect change alone.
  • Member Visibility and Promotion to Enhance Market Position
    methodology: member-promotion
    By increasing member visibility through curated directories and private advertising channels, the association helps members gain competitive advantage, because enhanced exposure within a trusted network leads to higher referral rates and business development opportunities.
  • Networked Collaboration to Strengthen Business Ecosystems
    methodology: network-building
    By connecting retailers, wholesalers, and service providers within the Indian diamond and colorstone sector, the association fosters smarter business relationships and shared growth, because trust and access within a specialized network reduce transaction costs and increase market efficiency.
  • Peer Learning and Knowledge Sharing as a Driver of Industry Resilience
    methodology: peer collaboration
    By fostering a collaborative community where members exchange insights and best practices, the association improves collective adaptability to market trends and challenges, because peer-sourced knowledge builds practical resilience faster than top-down instruction.