5 Best Jewellery Stocks in India for 2025

List of Top 10 Jewellery Stocks in India 2025

India is one of the largest consumers of gold, silver and diamonds. The demand for precious jewellery in the country is consistently high due to cultural significance and rising disposable incomes. 

Investing in jewellery stocks could be a lucrative opportunity to leverage the growth opportunities offered by this sector. Additionally, listed gems and jewellery companies in India have shown consistent growth, with many expanding their presence both domestically and internationally.

If you, like many other investors, wish to include some of the best jewellery stocks in India in your portfolio, here is a list of stocks from this sector that you can consider.

Top 5 Jewellery Stocks to Buy in 2025

• Titan Company Limited

Titan Company Limited is a leader among listed gems and jewellery companies in India, with a stronghold in the premium jewellery segment through its Tanishq and Caratlane brands. The company’s market capitalisation stood at Rs. 3,19,399 crore and its 3-year returns were 13.34% as of February 4, 2025. 

In terms of financial performance, its 3-year revenue CAGR was 33.14%, which indicates robust growth. Meanwhile, Titan’s earnings per share (EPS) of Rs. 36.46 is the highest among the best jewellery stocks in India.   

• Kalyan Jewellers Limited

Kalyan Jewellers has emerged as one of the top 10 jewellery stocks in India, thanks to its aggressive expansion and strong brand recognition. The company has grown rapidly in a short time, recording an impressive 3-year return of 103.55% as of February 4, 2025. 

Although its P/E ratio of 88.97 indicates premium valuation, the company’s 3-year revenue CAGR of 29.34% showcases its revenue generation ability. Kalyan’s focus on gold, diamond and silver jewellery makes it a good investment choice in the list of jewellery stocks in India.

• Thangamayil Jewellery Limited

Thangamayil Jewellery is a well-established player in South India specialising in gold jewellery. Being one of the best jewellery stocks in India, the company has delivered strong growth, as indicated by its 3-year stock price return of 50.18% as of February 4, 2025.

Thangamayil’s EPS of Rs. 34.75 and 3-year revenue CAGR of 28.14% indicates a solid financial foundation. The company benefits from India's deep-rooted gold culture and continues to expand its footprint, positioning it among the best jewellery stocks to buy for investors interested in the jewellery sector.  

• Goldiam International Limited

Goldiam International stands out among listed gems and jewellery companies in India due to its focus on diamond jewellery exports. The company has delivered a 3-year return of 39.85% with a total market capitalisation of Rs. 5,794 crore as of February 4, 2025, highlighting its strong growth trajectory. 

As a major player among diamond stocks in India, Goldiam continues to benefit from increasing global demand for ethically sourced and lab-grown diamonds, making it one of the best jewellery stocks in India.

• Motisons Jewellers Limited

Motisons Jewellers is a fast-growing small-cap entity in the list of jewellery stocks in India. With a market capitalisation of just Rs. 2,362 crore, the company has posted impressive revenue growth, registering a 3-year revenue CAGR of 25.07%.

Motisons’ aggressive expansion strategy combined with a focus on gold, silver and diamond jewellery makes it a potential multi-bagger and one of the best jewellery stocks to buy for long-term investors. 

Market Trends for Jewellery Stocks in India 2025

The stock prices of listed gems and jewellery companies in India are influenced by various market developments. Check out the major trends affecting the jewellery and diamond stocks in India. 

• Anticipated Decline in Gold Consumption

In 2025, India's gold consumption is projected to decrease to between 700 and 800 metric tons, down from 802.8 tons in 2024. This decline is attributed to record-high gold prices, which have reached Rs. 84,000 per 10 grams and deter jewellery buyers.

• Surge in Gold Loans Reflects Increased Investment Demand

In the first seven months of FY25, loans against gold jewellery in India rose by 50.4%, with outstanding gold loans reaching ₹1,54,282 crore as of October 18, 2024. This trend indicates a growing preference for gold as a secure investment amid economic uncertainties.

• Reduction in Import Duties to Boost Jewellery Demand

The 2025 Union Budget reduced customs tariffs on jewellery from 25% to 20%, aiming to make jewellery more affordable and stimulate domestic consumption. This policy change is expected to enhance demand and support the growth of India's jewellery industry and stocks.

Factors to Consider When Investing in the Best Jewellery Stocks in India

Before you invest in any company that is on the list of jewellery stocks in India, you must factor in various key parameters, as outlined below.

• Market Demand and Consumer Trends

When evaluating the best jewellery stocks in India, consider the shifting consumer preferences, festive demand and changing purchasing habits. Companies with strong branding, innovative designs and a solid retail presence tend to perform well.

• Diversification and Product Portfolio

Review the list of jewellery stocks in India to identify companies with a diverse product range across gold, diamond and silver jewellery segments. Firms that cater to both luxury and mass-market consumers may offer better stability during economic fluctuations.

• Raw Material Sourcing and Pricing Volatility

The top 10 jewellery stocks in India are affected by fluctuations in gold, silver and diamond prices. Companies with efficient hedging strategies and strong supplier networks can better manage cost pressures and maintain profitability during market volatility.

• Export Potential and International Presence

Many listed gems and jewellery companies in India have significant export revenues. Firms with a global footprint and strong overseas demand can benefit from currency fluctuations and access to high-margin international markets. This boosts their long-term growth prospects.

What are the Risks and Challenges of Investing in Jewellery Stocks? 

Choosing the best jewellery stocks to buy can help diversify your portfolio and reduce the overall risk. However, there are some downsides and challenges you need to be prepared for, as discussed below. 

• Market Volatility

The best jewellery stocks in India are highly sensitive to gold and diamond price fluctuations. Economic uncertainties, interest rate changes and geopolitical factors can all impact stock prices and make them unpredictable for investors.

• Regulatory Changes

The list of jewellery stocks in India is affected by government policies on gold imports, taxation and hallmarking standards. Sudden regulatory changes can impact business operations and affect the overall profitability of jewellery companies.

• Consumer Demand Fluctuations

The top 10 jewellery stocks in India depend on consumer spending, which can be highly cyclical. Economic downturns, inflation and changing fashion trends may reduce demand — thus affecting sales and revenue growth for jewellery companies.

• Supply Chain Disruptions

Many listed gems and jewellery companies in India rely on global supply chains for raw materials like gold and diamonds. Any disruption due to geopolitical tensions, trade restrictions or logistical issues can impact production and profitability.

Investment Advice for Jewellery and Diamond Stocks in India 2025

Want to buy stocks of companies in the jewellery, gold and silver stocks list in India? Here is some investment advice that you may find helpful.

• Assess Financial Strength

Before investing in the best jewellery stocks in India, analyse a company’s revenue growth, profit margins and debt. Strong financials point to higher stability, while excessive debt or inconsistent earnings may be a sign of more risks.

• Review Market Position

When exploring the list of jewellery stocks in India, prioritise companies with strong brand recognition and a loyal customer base. Established players with a competitive edge are more likely to withstand market fluctuations.

• Monitor Commodity Prices

The jewellery and diamond stocks in India are influenced by gold and silver price movements. Tracking these commodity trends can help investors time their entries and exits more effectively to maximise returns.

• Evaluate Expansion Plans

Many listed gems and jewellery companies in India are expanding into international markets or launching new product lines. Assessing a company’s growth strategy can provide insights into its long-term potential and investment viability.

Conclusion

This sums up all you need to know about investing in the best jewellery stocks in India. To make your investment journey easier, you need a reliable brokerage partner. Samco Securities can help you here. With a user-friendly trading app that comes equipped with advanced trading tools, Samco offers traders and investors everything they need to make smart trading decisions. Download the Samco trading app today to ease your trading journey.