India’s Diamond and Jewellery Sector: Top Diamond Company Stocks for 2025
India’s diamond and jewellery sector has been an integral part of the nation’s economy and rich cultural heritage. Jewellery crafted from diamonds and other precious gemstones plays a significant role in Indian traditions, with Indian women adorning themselves with exquisite pieces on various occasions. Historically, gold and diamond trading were dominant in India’s global trade before colonization. A notable example of India’s illustrious diamond heritage is the legendary Kohinoor diamond, which once belonged to Indian royalty and now remains a prized possession of the British crown.
Today, India’s diamond and jewellery industry continues to thrive, with several prominent companies leading the market. Investors closely follow diamond company stocks, as these firms contribute significantly to India’s economy and global jewellery exports. This article explores the top diamond company stocks in India for 2025, providing an in-depth analysis of their financial standing, growth prospects, and industry influence.
Overview of the Indian Diamond Industry
India is one of the largest diamond polishing and jewellery manufacturing hubs in the world. The country’s diamond cutting and polishing industry accounts for approximately 90% of the global market. Major cities like Surat, Mumbai, and Jaipur serve as the backbone of the diamond trade, providing employment to millions and contributing significantly to India’s export economy.
India’s jewellery market is driven by domestic consumption and international demand, making it a lucrative sector for investors. The industry’s resilience, coupled with increasing disposable income, ensures strong growth potential in the coming years. Let’s explore the top diamond and jewellery stocks in India for 2025.
Top Diamond Company Stocks in India for 2025
The following companies have shown consistent growth and market strength, making them potential investment opportunities for 2025:
| Stocks | LTP (₹) | Market Capitalisation (in cr.) | 52-Week High (₹) | 52-Week Low (₹) |
|---|---|---|---|---|
| Titan Company Ltd. | 3,365.90 | 2,99,019.54 | 3,867.00 | 3,055.65 |
| Kalyan Jewellers Ltd. | 451.50 | 46,496.77 | 795.40 | 321.95 |
| PC Jewellers Ltd. | 13.93 | 7,523.42 | 19.60 | 4.41 |
| Senco Gold Ltd. | 914.80 | 7,484.96 | 1,544.00 | 685.00 |
| Rajesh Exports Ltd. | 188.85 | 5,574.22 | 369.85 | 183.05 |
| Goldiam International Ltd. | 499.50 | 5,344.74 | 569.00 | 143.55 |
| Thangamayil Jewellery Ltd. | 1,788.15 | 4,894.90 | 2,650.00 | 1,140.00 |
| Motison Jewellers Ltd. | 22.73 | 2,231.47 | 33.80 | 12.71 |
| Renaissance Global Ltd. | 63.65 | 1,581.17 | 207.40 | 87.40 |
| International Gemmological Institute (India) Ltd. | 519.00 | 22,392.00 | 642.30 | 459.00 |
1. Titan Company Ltd.
Titan Company Ltd. was incorporated as a joint venture between the Tata Group and Tamil Nadu Industrial Development Corporation (TIDCO). It started as a watch manufacturer in 1987 and later diversified into jewellery with the launch of the Tanishq brand in 1996. Titan manufactures jewellery using diamonds, gold, platinum, and silver, graded as per the Gemological Institute of America (GIA) scale. The company has a PE ratio of 92.48 and a market cap of ₹2,99,912.34 crores, with a net profit of ₹3,496 crores for FY 2024.
2. Kalyan Jewellers Ltd.
Founded by T.S. Kalyanaraman, Kalyan Jewellers Ltd. started its operations in Thrissur, Kerala. The company specializes in gold, diamond, and studded jewellery and is known for its hyperlocal jewellery offerings. Kalyan Jewellers operates 150 stores across India and the Middle East, with 120 stores in India alone. The company has a PE ratio of 74.2 and a market cap of ₹46,496.77 crores, with a net profit of ₹596 crores for FY 2024.
3. PC Jewellers Ltd.
PC Jewellers Ltd. commenced operations in 2005 and currently operates 60 showrooms, including six franchise locations and four manufacturing units. The company specializes in hallmarked and certified diamond jewellery. It has a PE ratio of 496 and a market cap of ₹7,523.42 crores, with a net loss of ₹629 crores for FY 2024.
4. Senco Gold Ltd.
Established in 1994, Senco Gold Ltd. operates 159 showrooms across India. The company specializes in gold and diamond jewellery, often combining precious and semi-precious stones. It has a PE ratio of 34.1 and a market cap of ₹7,484.96 crores, with a net profit of ₹189 crores for FY 2024.
5. Rajesh Exports Ltd.
Rajesh Exports Ltd. is a global gold jewellery manufacturer and exporter. It operates retail stores under the Shubh Jewellers brand and processes approximately 35% of the world’s gold. The company has a PE ratio of 144 and a market cap of ₹5,574.22 crores, with a net profit of ₹336 crores for FY 2024.
6. Goldiam International Ltd.
Goldiam International Ltd. was founded in 1986 as an exporter of diamonds and gold jewellery. The company operates a 100% export-oriented manufacturing facility. It has a PE ratio of 57.3 and a market cap of ₹5,344.74 crores, with a net profit of ₹91 crores for FY 2024.
7. Thangamayil Jewellery Ltd.
Thangamayil Jewellery Ltd. is a Madurai-based jewellery retailer specializing in gold, diamond, and platinum jewellery. The company operates 59 showrooms across 78,000 sq. ft. of retail space. It has a PE ratio of 51.6 and a market cap of ₹4,894.90 crores, with a net profit of ₹123 crores for FY 2024.
8. Motison Jewellers Ltd.
Motison Jewellers Ltd. started in Jaipur in 1977 and now operates four stores across the city. The company offers handcrafted and sourced jewellery, including gold, diamond, and semi-precious stones. It has a PE ratio of 22.7 and a market cap of ₹2,231.47 crores, with a net profit of ₹32 crores for FY 2024.
9. Renaissance Global Ltd.
Renaissance Global Ltd. designs, manufactures, and distributes branded jewellery worldwide. It operates in North America, Europe, Australia, and Asia, producing over 15,000 designs annually. The company has a PE ratio of 21.2 and a market cap of ₹1,581.17 crores, with a net profit of ₹74 crores for FY 2024.
10. International Gemmological Institute (India) Ltd.
This company provides gem grading and accreditation services with a global market share of 33%. It operates 31 branches worldwide, including 18 gemology schools. It has a PE ratio of 67.9 and a market cap of ₹22,392 crores, with a net profit of ₹244 crores for FY 2024.
Top 10 Diamond Stocks in India for 2025 Based on PE Ratio
| Stock | LTP (₹) | Market Cap (in cr.) | Price to Earning Ratio (P/E) |
|---|---|---|---|
| Kanani Industries Ltd. | 2.54 | 49.9 | 261.00 |
| Rajesh Exports Ltd. | 188.85 | 5,574.22 | 145.54 |
| Laxmi Goldrona House Ltd. | 566.40 | 1,182 | 101.48 |
| Titan Company Ltd. | 3,365.90 | 2,99,019.54 | 92.21 |
| Sky Gold Ltd. | 321.00 | 4,716 | 57.91 |
Factors Influencing Diamond Company Stocks in India
- Retail Network: A strong retail presence plays a crucial role in attracting investors to diamond company stocks. Companies with a well-established retail network tend to perform better.
- Market Trends: The demand for diamonds and shifts in customer preferences impact the stock performance of diamond companies.
- Operational History: Companies with a long-standing history in the diamond industry provide more stable returns and growth.
- Company Fundamentals: Key financial metrics such as profitability, market share, and cash flows must be analyzed to determine growth prospects.
- Global Connect: Indian diamond companies with a significant global presence benefit from increased exports and business growth.
What Are Lab-Grown Diamonds?
Lab-grown diamonds are synthetically produced in controlled environments using advanced technology. They are physically and chemically identical to natural diamonds but are created in a much shorter timeframe. Unlike natural diamonds, which form deep within the Earth over millions of years, lab-grown diamonds are an innovative, cost-effective, and eco-friendly alternative.
Lab-Grown Diamond Company Stocks List as Per 1-Year Return
| Stock | LTP (₹) | Market Capitalisation (in cr.) | Return Over 1 Year (%) |
|---|---|---|---|
| Goldiam International Ltd. | 499.50 | 5,344.74 | 179% |
| Trent Ltd. | 5,511 | 1,94,969 | 78.5% |
| Senco Gold Ltd. | 914.80 | 7,484.96 | 14.3% |
Benefits of Investing in Diamond Company Stocks in India for 2025
- Global Exposure: India is a major exporter of diamonds, allowing investors to benefit from rising global demand.
- Robust Demand: Increasing disposable incomes and growing consumer interest fuel the industry’s growth.
- Technological Advancement: Innovations such as lab-grown diamonds improve the quality and affordability of diamonds.
- Economic Support: India’s expanding economy strengthens the jewellery sector by improving production and distribution capabilities.
Risks of Investing in Diamond Stocks in India for 2025
While the diamond industry presents lucrative opportunities, there are certain risks investors should consider:
- Regulatory Risk: Government regulations and grading requirements can impact production costs and compliance burdens.
- Environmental Risk: Diamond mining and production have environmental impacts, which may affect supply chains.
- Emerging Competition: New vendors and innovative jewellery designs create competition for existing companies.
Explore Other Diamond Stocks List in India
| Stocks | PE Ratio | Annual Revenue – FY 2024 (in cr.) |
| D. P. Abhushan Ltd. | 43.5 | 50 |
| Vaibhav Global Ltd. | 32.4 | 127 |
| Sky Gold Ltd. | 53.5 | 40 |
| Radhika Jeweltech Ltd. | 21.1 | 50 |
| Manoj Vaibhav Gems N Jewellers Ltd. | 13.4 | 81 |
Investment Outlook for 2025
The diamond and jewellery industry is poised for steady growth in 2025, driven by increasing domestic demand and strong export performance. Factors influencing the sector include:
- Rising disposable income and growing demand for luxury goods.
- Expanding e-commerce presence, enabling online jewellery sales.
- Government policies supporting the gems and jewellery industry.
- Global demand for certified diamonds and ethical sourcing.
Conclusion
India’s diamond and jewellery industry continues to thrive, with top companies offering significant investment potential. Titan Company Ltd. remains a market leader, while brands like Kalyan Jewellers, Senco Gold, and Rajesh Exports maintain strong positions in the sector. As 2025 unfolds, investors can benefit from tracking these stocks and evaluating their financial performance in the ever-growing jewellery market.
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