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Diamond Club West announces leadership changes

February 02, 2010

Los Angeles--The Diamond Club West Coast (DCWC) has elected Nikhil Jhaveri as its new president. He will replace outgoing President David Marcus, who held the position for most of the past decade and also served on the executive board of the World Federation of Diamond Bourses.
 
Working with Jhaveri as his vice president, Marcus built a legacy of seeking ways to benefit the smaller diamond firms that make up the bulk of the Los Angeles-based club.

Jhaveri was introduced as the new president at a recent luncheon at the club and praised the accomplishments of Marcus during his time as president.

"Only because he'll still be around do I have the guts to take over," he said.

Past DCWC President Ralph Shapiro, who was on hand at the luncheon, also praised Marcus' presidency while recalling his own term.
 
"I had the pleasure of telling [De Beers'] Sir Nicholas Oppenheimer that while the banks own most of the New York diamond firms, we in Los Angeles own our own businesses," Shapiro recalled.

In addition, during the luncheon, members reviewed the results of a recent in-depth organization study of the DCWC, which was founded 30 years ago by a handful of diamond dealers.

Headed by Itamar Harari and his consulting company, HEART in Education, the study concluded in December and strongly suggested involving the DCWC's general membership in committees designed to enhance and improve the club's functionality and prestige. The club's board of directors has begun implementing the study's recommendations.
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