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Chetan Kumar Mehta honoured with ‘Star of Karnataka’ Award
Dr. Chetan Kumar Mehta, Chairman and Managing Director of Laxmi Diamonds, Bengaluru, was honoured with the prestigious ‘Star of Karnataka’ Award. The award was presented by the Hon’ble Deputy Chief Minister of Karnataka, D.K. Shivakumar, in recognition of Dr. Mehta’s significant contributions to the jewellery industry and the state’s economic development.
The award ceremony was organised by News First Kannada, a prominent news channel in Karnataka, and was held at the Four Seasons Hotel in Bangalore. The event saw the participation of several notable personalities from various sectors, celebrating excellence across the state.
Dr. Mehta has played a key role in positioning Bengaluru as a centre for fine diamond jewellery through his leadership at Laxmi Diamonds. The brand is widely recognised for its craftsmanship, innovation, and commitment to quality. Under his guidance, the company has expanded its footprint both nationally and internationally.
Apart from his business achievements, Dr. Mehta has also been involved in philanthropic efforts, contributing to several social initiatives in Karnataka. In his acceptance speech, he expressed gratitude to the organisers and dedicated the award to his team and supporters. The evening concluded with cultural performances and networking among industry leaders, marking a memorable celebration of Karnataka’s inspiring achievers.
National News
Gold & Precious Metals – A future outlook
The session saw a power packed panel of experts that comprisedSurendra Mehta, National Secretary- IBJA,Ranjith Singh,Head of Business Development, IIBX, Shweta Dhanak, Director – Vijay Exports,S Thirupathi Rajan, MD Goldsmith Academy, Shivanshu Mehta, SVP & Head Bullion-MCX.The session was moderated by Chirag Seth, Principal Consultant, Metals Focus.
Some salient points made by the panelists:
- Gold prices are not linked to consumer demand. They are linked to central bank buying and ETFs
- Till the banking system doesn’t collapse, gold price will continue to rise


- Jewellers were advised to use a mix of futures and options for risk mitigation


- Given the current situation manufacturers selling on credit or unfavorable deals could be fatal flaw for business.
- Precious metals forecast: Surendra Mehta said he sees gold in 2026 in $4900-5100 range and silver in $90-105.Looking further he said by 2030-2035 gold could touch $18000- 20000 and silver could reach $500. Chirag Seth predicted silver touching $105 this year and gold moving in the $ 5200- $ 5500.
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