Perspective on Performance of Gold & Outlook by Mr. Colin Shah, MD. Kama Jewelry
Below the Perspective on Performance of Gold & Outlook by Mr. Colin Shah, MD, Kama Jewelry
“The sharp rally in gold underscores the metal’s enduring appeal as a safe-haven asset amid evolving global macroeconomic cues and reflects the catapult effect that had held back the bull-run of the yellow metal price. While the immediate direction will be influenced by US inflation data, dollar movement and clarity on the Federal Reserve’s interest-rate trajectory, we expect gold to remain structurally well supported in the medium term.
In India, elevated prices may lead consumers to be more value-conscious and planned in their purchases, with a greater preference for lighter, design-led and higher-value jewellery rather than a material decline in sentiment. The upcoming festive and wedding-buying period should continue to support demand, particularly as gold remains deeply embedded in both celebration and long-term wealth preservation. However, after such a sharp run-up, some near-term consolidation and volatility should be expected given the new developments in geopolitical situation.”
Mr. Shah initiated into the diamond trade at the age of 17 with hands-on training in polished assortment, diamond manufacturing, and jewellery manufacturing. He is a first generation entrepreneur who started own business at the age of 21, exporting diamonds to Japan and Gulf along with the local market. He is a certified Gemologist from International Gemological Institute. He is Former Chairman of Gem Jewellery Export Promotion Council (GJEPC), and current member of FIEO.
Kama Jewelry was founded in 1996 with the mission to delight customers with exceptional products and superior service. We rank among the top ten diamond jewelry manufacturers and exporters in Asia. Through our three factories in Mumbai and sales offices in Mumbai, Chennai, Kolkata and Dubai, we cater to all the major jewelry markets of the world: India, USA, Europe, Middle East and Australia. Since inception, we have garnered accolades for our high-quality diamond jewelry at excellent price points. The Gem and Jewelry Export Promotion Council (GJEPC) has awarded us as the largest exporter of diamond studded outside SEEPZ for four consecutive years. We have also earned the Emerging SME Award and the Udyog Ratna Award for our business excellence.
Kama is one of the few private manufacturers in India that operates with the governance infrastructure of a listed company. Four independent audit and compliance bodies oversee the business: statutory audit (CNK & Associates LLP), internal audit (Ashok Kapadia & Associates), tax (N A Shah & Associates), and US audit (S Adelsberg & Co). The company carries a BBB Stable credit rating maintained through every economic shock of the past three decades.
Unlike many manufacturing businesses at this scale, Kama is not promoter-dependent. Senior leadership averages over 20 years of tenure. Functional heads across sales, manufacturing, design, finance, and HR operate with independent accountability. SAP ERP has governed operations since 2013, built proactively, not in response to any requirement.
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