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IDCA to honor Wal-Mart, Bidz.com

May 16, 2008

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New York—The Indian Diamond and Colorstone Association (IDCA) will present awards to Wal-Mart and Bidz.com, as well as to two outstanding individuals, during the organization's Annual Gala Awards Night to be held during the JCK Las Vegas show.

The event will take place on Saturday, May 31, at the Venetian Resort and Casino, with entrepreneur and supermodel Kathy Ireland as a keynote speaker.

The IDCA, a non-profit whose membership represents diamond, colored-stone and jewelry companies owned by people of Indian origin, will honor the Wal-Mart Group as "Retailer of the Year" and online auction site Bidz.com as "E-Tailer of the Year."

Wal-Mart comes in first on National Jeweler's "$100 Million Supersellers 2008" list, which ranks U.S. retailers who have sold $100 million or more in jewelry and watches in 2007. And Bidz.com, which was founded in 1998 by David Zinberg, ranks 29th on the list, moving five spots from the previous year. Among online jewelry sites, Bidz.com ranks second, with a 17 percent market share.

The IDCA will present two awards, the "Doyenne of the Year" and "Pioneer Award," to individuals. Doyenne of the Year, honoring an influential woman in the industry, will be presented to Dawn McGuire, vice president of the mall division of Sterling Jewelers. McGuire joined the company in 1988, and during her 19-year career with Sterling, she has been promoted to numerous management positions within the merchandising department.

Harshad Mehta, the senior partner and chairman of Rosy Blue, will be presented with the Pioneer Award, given to an important figure in the Indian community whose leadership was instrumental in the industry's success. Mehta has built a network in over 15 countries, employing more than 10,000 people globally.

The Gala Awards Dinner will feature a cocktail hour and live entertainment beginning at 6 p.m., followed by a gourmet dinner at 7:30 p.m. Dinner tickets are available on a first-come, first-served basis for $150 each.

For more information or for tickets, contact the IDCA at (212) 921-4488.
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