Explore diamond and jewellery stocks driving luxury markets.
| Company Name | LTP (₹) | Market Cap (₹ Cr) |
|---|---|---|
Titan Company |
3,350 |
300,000 |
Kalyan Jewellers |
370 |
35,000 |
PC Jeweller |
31 |
1,200 |
Rajesh Exports |
335 |
10,500 |
Thangamayil Jewellery |
1,240 |
1,500 |
Note: Prices and market caps are indicative and based on recent data.
Diamond and jewellery stocks are shares of publicly traded companies involved in the entire lifecycle of diamond and precious metal jewellery, from mining and cutting rough diamonds to designing, manufacturing, and selling finished products to consumers.These stocks represent companies involved in the manufacturing, wholesale, and retailing of precious metals and stones, including:
Gold and diamond jewellery
Luxury ornaments
Silver and platinum pieces
They operate across retail, export and B2B segments, serving domestic and international markets.
Explore how individuals typically engage with listed jewellery brands and exporters through direct equity investments or via consumption-focused mutual funds and ETFs.
India’s diamond and jewellery sector includes companies involved in retail jewellery sales, luxury ornaments, and gemstone exports. Investors typically evaluate consumer demand, gold price trends and export exposure before choosing direct or indirect routes to gain exposure.
To participate in the stock market, an individual typically registers with a SEBI-authorised broker or intermediary. This process generally includes completing Know Your Customer (KYC) formalities, linking a valid bank account, and activating both demat and trading accounts to facilitate secure transactions.
Investors can access their broker’s trading platform or mobile application to explore listed companies in the jewellery segment. Companies in this space typically fall into two broad categories:
Retail-Focused Brands: These include businesses that cater to domestic consumers via branded showrooms and omni-channel retail networks.
Export-Oriented Businesses: These firms primarily supply cut and polished diamonds or handcrafted jewellery to international markets.
Investors generally assess each company’s revenue composition, brand strength, export reliance, and product portfolio before tracking performance.
Commonly monitored factors in this sector include:
Gold and diamond pricing trends
Festive and wedding season demand patterns
Rural consumption and disposable income levels
Operating margins and inventory turnover
These indicators are usually available in company filings, quarterly earnings updates, and industry reports.
After selecting a company, the investor specifies the number of shares for the transaction and places a buy order through the trading platform. The order can be placed as a market order (executed at the current market price) or a limit order (executed at a specified price).
For broader exposure to the consumption or luxury goods space, some individuals prefer indirect investments such as:
Consumption-themed mutual funds that include jewellery retailers as part of their broader portfolio
Luxury or lifestyle-oriented funds (if available) that invest in premium brands and discretionary spending categories
ETFs tracking consumption indices, where jewellery companies may form a component of the basket
These investment options are typically available through SEBI-registered mutual fund distributors or digital investment platforms.
The diamond & jewellery sector reflects India’s cultural affinity for gold and increasing interest in branded ornaments. Its performance is often linked to global commodity prices, festive demand, and export activity, making it a sector closely tracked within the broader consumption theme.
This content is for informational purposes only and the same should not be construed as investment advice. Bajaj Finserv Direct Limited shall not be liable or responsible for any investment decision that you may take based on this content.
Gold and silver price volatility
Festive and wedding season demand
Export demand and forex rates
Import duties on gold and diamonds
Competition from unorganised sector
Brand visibility and retail expansion
Yes. While there are no sector-specific ETFs, consumption-oriented mutual funds and mid-cap/small-cap funds often include jewellery stocks.
They are cyclical and sentiment-driven, impacted by economic trends, inflation, and festive seasons. Compared to FMCG or pharma, they may show more seasonal volatility but also offer growth from luxury demand.
Many companies in this sector tend to reinvest earnings into inventory and expansion, resulting in dividends that are generally modest or low. Titan is noted for offering comparatively higher dividend payouts.
Evaluate based on:
Inventory turnover ratio
Retail footprint and brand value
Operating margins and ROE
Export revenue contribution
It includes listed companies dealing in gold, diamond, and luxury ornaments—a niche yet prominent sector in India's consumption and export economy.
Titan Company
Kalyan Jewellers
PC Jeweller
Rajesh Exports
Jewellery stock prices fluctuate due to factors such as trends in disposable income, seasonal demand during wedding periods, changes in gold import duties, market expansion into Tier-II and Tier-III cities, and variations in global gold prices. These factors contribute to changes in market sentiment within the sector.