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Below is a quote on US Fed Rates Announcement from Mr. Colin Shah, MD, Kama Jewelry 

"The US Fed kept interest rates on hold, but the commentary was dovish. Especially, the indication of rate cuts as early as next year and well after that. The only caveat being economic indicators on track. The guidance on interest rates is a gradual but steady approach to bring core inflation within the desired range of 2%. Lower interest rates bodes well for the gold and gems and jewellery sector at large. Gold has been making new highs, expected to continue the bullish trend.

Geopolitical tensions and a slowdown in global economic growth will boost gold prices. On the domestic front, we expect the demand trajectory to remain robust. The ongoing wedding season is expected to keep demand for gold and jewellery on the higher side."

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.

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