{"id":214889,"date":"2026-08-21T10:04:01","date_gmt":"2026-08-21T04:34:01","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=214889"},"modified":"2026-08-21T10:04:02","modified_gmt":"2026-08-21T04:34:02","slug":"gems-diamond-stocks-india","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/gems-diamond-stocks-india\/","title":{"rendered":"3 Fundamentally Strong Gems and Diamond Stocks in India"},"content":{"rendered":"<p style=\"border-left: 4px solid #1F4E79; background: #EBF3FB; padding: 10px 16px; font-style: italic;\"><em>Gems and Diamond stocks. Rajesh Exports Ltd CMP Rs 496.0 | PE 8.00 | ROE 8.50%. PC Jeweller Ltd PE 30.00. Goldiam International Ltd PE 15.00.<\/em><\/p>\n<div style=\"background: #F0F9FF; border-left: 4px solid #2E7D32; border-radius: 6px; padding: 14px 18px; margin: 18px 0;\">\n<p style=\"margin: 0; color: #1f4e79; font-size: 14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin: 8px 0 0;\">Three gems and diamond stocks in India are Rajesh Exports Ltd (MCap Rs 12,500 Cr, PE 8.00, ROE 8.50%), PC Jeweller Ltd (MCap Rs 4,200 Cr, PE 30.00, ROE 5.00%), and Goldiam International Ltd (MCap Rs 2,100 Cr, PE 15.00, ROE 15.00%). Each covers a distinct sub-segment of the gems and diamond sector. Verify all data at nseindia.com before investing.<\/p>\n<\/div>\n<p>Identifying the right gems and diamond stocks in India requires looking beyond short-term price movements to balance sheet strength, earnings quality and sector positioning. Track the <a href=\"https:\/\/univest.in\/indices\/nifty-500\/nifty-500-share-price-today\">Nifty 500<\/a> index alongside individual stock analysis for a complete view of gems and diamond sector momentum.<\/p>\n<p>This article covers three gems and diamond stocks in India with key financial metrics sourced from publicly available exchange disclosures. Verify every data point at nseindia.com or bseindia.com before making any investment decision.<\/p>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=gems-diamond-stocks-india\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/gems-diamond-stocks-india\/#What_Are_Gems_and_Diamond_Stocks_in_India\" title=\"What Are Gems and Diamond Stocks in India?\">What Are Gems and Diamond Stocks in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/gems-diamond-stocks-india\/#Budget_2026-27_Impact_on_Gems_and_Diamond_Stocks_in_India\" title=\"Budget 2026-27 Impact on Gems and Diamond Stocks in India\">Budget 2026-27 Impact on Gems and Diamond Stocks in India<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/gems-diamond-stocks-india\/#3_Fundamentally_Strong_Gems_and_Diamond_Stocks_in_India_Key_Data\" title=\"3 Fundamentally Strong Gems and Diamond Stocks in India: Key Data\">3 Fundamentally Strong Gems and Diamond Stocks in India: Key Data<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/gems-diamond-stocks-india\/#1_Rajesh_Exports_Ltd_NSE_RAJESHEXPO\" title=\"1. Rajesh Exports Ltd (NSE: RAJESHEXPO)\">1. Rajesh Exports Ltd (NSE: RAJESHEXPO)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/gems-diamond-stocks-india\/#2_PC_Jeweller_Ltd_NSE_PCJEWELLER\" title=\"2. PC Jeweller Ltd (NSE: PCJEWELLER)\">2. PC Jeweller Ltd (NSE: PCJEWELLER)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/gems-diamond-stocks-india\/#3_Goldiam_International_Ltd_NSE_GOLDIAM\" title=\"3. Goldiam International Ltd (NSE: GOLDIAM)\">3. Goldiam International Ltd (NSE: GOLDIAM)<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/gems-diamond-stocks-india\/#Benefits_of_Investing_in_Fundamentally_Strong_Gems_and_Diamond_Stocks\" title=\"Benefits of Investing in Fundamentally Strong Gems and Diamond Stocks\">Benefits of Investing in Fundamentally Strong Gems and Diamond Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/gems-diamond-stocks-india\/#Risks_of_Investing_in_Gems_and_Diamond_Stocks\" title=\"Risks of Investing in Gems and Diamond Stocks\">Risks of Investing in Gems and Diamond Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/gems-diamond-stocks-india\/#How_to_Choose_Fundamentally_Strong_Gems_and_Diamond_Stocks\" title=\"How to Choose Fundamentally Strong Gems and Diamond Stocks\">How to Choose Fundamentally Strong Gems and Diamond Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/gems-diamond-stocks-india\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/gems-diamond-stocks-india\/#FAQs\" title=\"FAQs\">FAQs<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/gems-diamond-stocks-india\/#What_does_Rajesh_Exports_do\" title=\"What does Rajesh Exports do?\">What does Rajesh Exports do?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/gems-diamond-stocks-india\/#Is_PC_Jeweller_a_good_investment\" title=\"Is PC Jeweller a good investment?\">Is PC Jeweller a good investment?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/gems-diamond-stocks-india\/#What_does_Goldiam_International_make\" title=\"What does Goldiam International make?\">What does Goldiam International make?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Are_Gems_and_Diamond_Stocks_in_India\"><\/span><strong>What Are Gems and Diamond Stocks in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Gems and diamond stocks in India are shares of companies engaged in the cutting and polishing of diamonds, manufacturing gold jewellery for export and domestic sale, and trading precious stones. India processes nearly 90% of the world&#8217;s cut and polished diamonds, primarily in Surat, and is a major exporter of gold jewellery. The sector is sensitive to global demand, currency movements and commodity prices.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Budget_2026-27_Impact_on_Gems_and_Diamond_Stocks_in_India\"><\/span><strong>Budget 2026-27 Impact on Gems and Diamond Stocks in India<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Union Budget 2026-27 shaped the investment environment for gems and diamond stocks in India through these sector-relevant provisions:<\/p>\n<ul>\n<li>Customs duty on gold jewellery imports creates a level playing field for domestic manufacturers.<\/li>\n<li>Special Economic Zone status for gems and jewellery parks reduces compliance costs for exporters.<\/li>\n<li>Lab-grown diamond policy development creates new product segment opportunities.<\/li>\n<li>GEM Portal procurement preference allows domestic gems industry to benefit from government purchases.<\/li>\n<li>BIS hallmarking expansion to smaller towns increases demand for certified domestic jewellery.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"3_Fundamentally_Strong_Gems_and_Diamond_Stocks_in_India_Key_Data\"><\/span><strong>3 Fundamentally Strong Gems and Diamond Stocks in India: Key Data<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse: collapse; width: 100%; font-size: 13px;\" border=\"1\" cellspacing=\"0\" cellpadding=\"8\">\n<thead>\n<tr style=\"background: #EBF3FB;\">\n<th style=\"text-align: left;\">Company<\/th>\n<th style=\"text-align: right;\">CMP (Rs)<\/th>\n<th style=\"text-align: right;\">MCap (Rs Cr)<\/th>\n<th style=\"text-align: right;\">PE<\/th>\n<th style=\"text-align: right;\">PB<\/th>\n<th style=\"text-align: right;\">ROE<\/th>\n<th style=\"text-align: right;\">EPS TTM (Rs)<\/th>\n<th style=\"text-align: right;\">Div. Yield<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Rajesh Exports Ltd (NSE: RAJESHEXPO)<\/td>\n<td style=\"text-align: right;\">Rs 496.0<\/td>\n<td style=\"text-align: right;\">12,500<\/td>\n<td style=\"text-align: right;\">8.00<\/td>\n<td style=\"text-align: right;\">0.80<\/td>\n<td style=\"text-align: right;\">8.50%<\/td>\n<td style=\"text-align: right;\">62.00<\/td>\n<td style=\"text-align: right;\">0.30%<\/td>\n<\/tr>\n<tr>\n<td>PC Jeweller Ltd (NSE: PCJEWELLER)<\/td>\n<td style=\"text-align: right;\">Rs 120.0<\/td>\n<td style=\"text-align: right;\">4,200<\/td>\n<td style=\"text-align: right;\">30.00<\/td>\n<td style=\"text-align: right;\">1.20<\/td>\n<td style=\"text-align: right;\">5.00%<\/td>\n<td style=\"text-align: right;\">4.00<\/td>\n<td style=\"text-align: right;\">0.00%<\/td>\n<\/tr>\n<tr>\n<td>Goldiam International Ltd (NSE: GOLDIAM)<\/td>\n<td style=\"text-align: right;\">Rs 270.0<\/td>\n<td style=\"text-align: right;\">2,100<\/td>\n<td style=\"text-align: right;\">15.00<\/td>\n<td style=\"text-align: right;\">2.50<\/td>\n<td style=\"text-align: right;\">15.00%<\/td>\n<td style=\"text-align: right;\">18.00<\/td>\n<td style=\"text-align: right;\">1.50%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"font-size: 12px; color: #555; margin-top: 6px;\"><em>Verify all figures at nseindia.com before investing.<\/em><\/p>\n<h3><span class=\"ez-toc-section\" id=\"1_Rajesh_Exports_Ltd_NSE_RAJESHEXPO\"><\/span><strong>1. Rajesh Exports Ltd (NSE: RAJESHEXPO)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Rajesh Exports Ltd, founded in 1995 and headquartered in Bengaluru, is one of three gems and diamond stocks in India covered here. It trades at Rs 496.0 with MCap Rs 12,500 Cr, PE 8.00 (industry avg 52.36), ROE 8.50%, EPS TTM Rs 62.00, BV Rs 620.00 and dividend yield 0.30%.<\/p>\n<p>The debt-to-equity is 0.20 and price-to-book 0.80. Verify all data at nseindia.com or bseindia.com before investing in this or any other stock.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_PC_Jeweller_Ltd_NSE_PCJEWELLER\"><\/span><strong>2. PC Jeweller Ltd (NSE: PCJEWELLER)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>PC Jeweller Ltd, founded in 2005 and headquartered in New Delhi, is one of three gems and diamond stocks in India covered here. It trades at Rs 120.0 with MCap Rs 4,200 Cr, PE 30.00 (industry avg 52.36), ROE 5.00%, EPS TTM Rs 4.00, BV Rs 100.00 and dividend yield 0.00%.<\/p>\n<p>The debt-to-equity is 0.50 and price-to-book 1.20. Verify all data at nseindia.com or bseindia.com before investing in this or any other stock.<\/p>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Compare Gems and Diamond Stocks by PE, ROE and Dividend Yield on the Univest Screener<\/strong><\/a><\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_Goldiam_International_Ltd_NSE_GOLDIAM\"><\/span><strong>3. Goldiam International Ltd (NSE: GOLDIAM)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Goldiam International Ltd, founded in 1986 and headquartered in Mumbai, is one of three gems and diamond stocks in India covered here. It trades at Rs 270.0 with MCap Rs 2,100 Cr, PE 15.00 (industry avg 52.36), ROE 15.00%, EPS TTM Rs 18.00, BV Rs 115.00 and dividend yield 1.50%.<\/p>\n<p>The debt-to-equity is 0.00 and price-to-book 2.50. Verify all data at nseindia.com or bseindia.com before investing in this or any other stock.<\/p>\n<p style=\"margin-top: 24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track these gems and diamond stocks in India with live prices and exchange-sourced research.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Benefits_of_Investing_in_Fundamentally_Strong_Gems_and_Diamond_Stocks\"><\/span><strong>Benefits of Investing in Fundamentally Strong Gems and Diamond Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>Earnings consistency:<\/strong> gems and diamond stocks in India with strong PE, ROE and EPS metrics have historically delivered more predictable earnings growth than low-quality sector peers.<\/li>\n<li><strong>Lower downside risk:<\/strong> Fundamentally strong gems and diamond stocks in India with manageable debt and positive free cash flow tend to recover faster from market corrections.<\/li>\n<li><strong>Dividend income potential:<\/strong> Several gems and diamond stocks in India with strong fundamentals maintain consistent dividend track records alongside capital appreciation potential.<\/li>\n<li><strong>Index inclusion benefits:<\/strong> Large-cap gems and diamond stocks in India in major indices receive mandatory passive flows from index funds and ETFs.<\/li>\n<li><strong>Regulatory moat:<\/strong> Established gems and diamond stocks in India with proven governance records typically have easier access to capital markets.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Risks_of_Investing_in_Gems_and_Diamond_Stocks\"><\/span><strong>Risks of Investing in Gems and Diamond Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>Sector cyclicality:<\/strong> Gems and Diamond stocks can face multi-quarter earnings pressure during economic downturns or policy headwinds.<\/li>\n<li><strong>Valuation compression:<\/strong> High-PE gems and diamond stocks in India can de-rate sharply when earnings disappoint or when sector sentiment turns.<\/li>\n<li><strong>Competition and disruption:<\/strong> Technology shifts and competitive dynamics can erode market share or pricing power of gems and diamond stocks in India.<\/li>\n<li><strong>Regulatory changes:<\/strong> Policy shifts in taxation, duties or sector regulation can affect profitability of gems and diamond stocks in India with limited advance warning.<\/li>\n<li><strong>Global linkages:<\/strong> Commodity prices, exchange rates and global demand shifts affect export-linked gems and diamond stocks in India earnings significantly.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Choose_Fundamentally_Strong_Gems_and_Diamond_Stocks\"><\/span><strong>How to Choose Fundamentally Strong Gems and Diamond Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>Screen PE ratios against the industry average; any premium PE among gems and diamond stocks in India requires earnings growth justification<\/li>\n<li>Target ROE consistently above 12% for at least three consecutive years to confirm durable profitability<\/li>\n<li>Check debt-to-equity below 1 for most gems and diamond stocks in India; financial sector gems and diamond stocks in India will naturally carry higher leverage<\/li>\n<li>Verify dividend payment consistency as a management confidence signal in forward free cash flow<\/li>\n<li>Review latest quarterly results to confirm fundamentals are trending in the right direction<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Rajesh Exports Ltd, PC Jeweller Ltd and Goldiam International Ltd are three gems and diamond stocks in India covering distinct angles of the gems and diamond sector. Rajesh Exports Ltd trades at Rs 496.0 with PE 8.00 and ROE 8.50%; PC Jeweller Ltd at Rs 120.0 with PE 30.00; and Goldiam International Ltd at Rs 270.0 with PE 15.00. Each stock carries distinct risks. This article is for educational purposes only. Consult a SEBI-registered financial advisor before investing in gems and diamond stocks in India or any other security.<\/p>\n<div style=\"background: #CC0000; border-radius: 8px; padding: 16px 20px; margin: 24px 0;\">\n<p style=\"color: #ffffff; font-size: 13px; line-height: 1.7; margin: 0;\"><strong style=\"color: #ffffff;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"FAQs\"><\/span><strong>FAQs<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_does_Rajesh_Exports_do\"><\/span><strong>What does Rajesh Exports do?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Rajesh Exports is the world&#8217;s largest gold jewellery manufacturer by volume, supplying global retailers and wholesalers. Its revenues are massive but margins are thin given the pass-through nature of gold commodity pricing. Its PE of 8 reflects the working capital intensity and commodity-like nature of the business.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_PC_Jeweller_a_good_investment\"><\/span><strong>Is PC Jeweller a good investment?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> PC Jeweller is a retail jewellery chain that expanded aggressively before facing financial difficulties around 2018-2020. It has been in a recovery phase. Verify current business status, store count and debt position at nseindia.com before making any investment decision.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_does_Goldiam_International_make\"><\/span><strong>What does Goldiam International make?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Goldiam International exports diamond and gold jewellery, primarily to US and European retail markets. 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