Diamond Company Stocks in India: Top Picks for 2025

India’s diamond and jewellery sector has been an inseparable part of India’s economy and its rich heritage. Jewellery made from diamonds and other precious gemstones is worn extensively by Indian women on many occasions, depicting the importance and beauty of diamonds in Indian culture. In terms of trade Gold and diamond accounted for a major part of India’s global trade in the pre-colonisation era. The precious Kohinoor diamond is one such great example of India’s diamond heritage, which is currently flourishing as the crown jewel of the British government. 

Top Diamond Company Stocks In India For 2025: Potential Picks

*Data is updated as of 30th January 2025

What are Diamond Company Stocks In India For 2025?

Diamond company stocks in India for 2025 refer to those listed companies that deal in the entire supply chain of the diamond industry. The companies representing diamond stocks in India perform mining, cutting, polishing, shaping, and retailing of diamonds and their jewellery for the target consumers. Investing in diamond company stocks for 2025 can provide you exposure to the luxury segment of the Indian economy.

Overview of Best Diamond Company Stocks In India To Buy For 2025 

1. Titan Company Ltd. 

The incorporation of Titan Company Ltd. resulted from a joint venture between the TATA group and Tamil Nadu Industrial Development Corporation (TIDCO). It began with watch manufacturing and retailing in 1987, initially under the brand name Titan, which further forayed to various brands such as Sonata, Fastrack, and Nebula. 

The jewellery division of Tata Company Ltd. started in 1996, during which it undertook manufacturing and marketing operations for luxury jewellery under the Tanishq brand. For manufacturing its jewellery, it uses various precious metals, including diamond, gold, platinum, and silver. The diamonds used by Titan Company Ltd. are determined and graded according to the Gemological Institute of America (GIA) scale from D (colourless)to Z (intense yellow). 

Currently, Titian Company Ltd. has a PE ratio of 92.48 at a market cap of ₹ 299912.34 crores. The net profit/loss of the company for the period ending FY 24 is ₹ 3496 crores. 

 2. Kalyan Jewellers Ltd. 

Kalyan Jewellers Ltd. was founded by Mr T.S. Kalyarman, and under his guidance, the company started its jewellery operations from one showroom in Thrissur, Kerala. Kalyan Jewelers Ltd. manufactures jewellery of different kinds, including gold, studded (diamonds and precious stones), and other jewellery. The wedding jewellery range is the company’s highest-selling product category. The key strength of Kalyan Jewellers Limtes lies in its ability to provide hyperlocal jewellery. It caters to a large customer base distributed across micro markets and preference categories. 

As of now, the company has a portfolio of 150 stores across India and the Middle East. In India, they are present in 21 states and union territories, aggregating 120 showrooms in India alone. 

Currently, Kalyan Jewellers Ltd. has a PE ratio of 74.2 at a market cap of ₹ 46496.77 crores. The net profit/loss of the company for the period FY 24 is ₹ 596 crores.

3. PC Jewellers Ltd. 

PC Jewellers Ltd., a leading jewellery brand in India, commenced its operation with a showroom in 2005 in Karol Bagh. As per the data for the period ending 31st March 2024, the company has 60 showrooms, including 6 franchise and 4 manufacturing units. PC Jewelers Ltd. specialises in selling hallmarked jewellery and certified diamond jewellery. 

Currently, PC Jewellers Ltd. has a PE ratio of 496 at a market cap of ₹ 7523.42 cores. The net profit/loss of the company for the period FY 24 is ₹ -629 crores.

4. Senco Gold Ltd. 

Senco Gold Ltd. was established on 22nd August 1994 in Kolkata. Senco Gold Ltd. operates through a network of self-owned stores across India, aggregating a total of 159 showrooms covering approximately 1,19,405.51 square feet of retail space. 

The company has expertise in crafting gold and diamond jewellery, sometimes combining it with silver, platinum, precious and semi-precious stones and other metals. 

Currently, Senco Gold Ltd. has a PE ratio of 34.1 at a market cap of ₹ 7484.96 crores. The net profit/loss of the company for the period FY 24 is ₹ 189 crores.

5. Rajesh Exports Ltd. 

Rajesh Export Ltd. is a leading global manufacturer and exporter of gold jewellery. It is an India-based gold jewelerymanufacturing company that sells its products wholesale and retail and through its retail stores under the name Shubh Jewellers. The company was incorporated in 1989 and is the largest gold processor in the world. It possesses approximately 35% of gold produced globally. 

Currently, Rajesh Exports Ltd. has a PE ratio of 144 at a market cap of ₹ 5574.22 crores. The net profit/loss of the company for the period FY 24 is ₹ 336 crores.

6. Goldiam International Ltd. 

Goldiam International Ltd. was promoted by Rajesh Manhar Bhansali and Anmol Rashesh Bhansali and started its operation as an exporter of cut and polished diamonds, and plain and studded gold jewellery in 1986. It has a manufacturing facility in Bombay, in an exclusive 100% export-oriented zone. 

The company’s portfolio includes products like gold and diamond studded rings, lightweight American cluster rings, cocktail rings, channel set bands, pendants, diamond and color-studded bracelets, earrings, etc.

Currently, Goldiam International Ltd. has a PE ratio of 57.3 at a market cap of ₹ 5344.74 crores. The net profit/loss of the company for the period FY 24 is ₹  91 crores.

7. Thangamayil Jewellery Ltd. 

Thangamayil Jewellery Ltd. is a leading jewellery retailer in Madurai. It was formerly operated by its promoter under the name of Balu Jewellery (Partnership Concern). The company is involved in the business of trading gold jewellery, diamond and platinum jewels. Under the diamond division,  Thangamayil Jewellery Ltd. creates readymade products for their customers per the demand and requirements. The products under this division include ear studs, nose rings, and diamond necklaces. 

The company has a flagship store at Netaji Road in Madurai with a total area of 11.880 sq. feet, of which the sale area is 5,693 sq. feet. The total number of showrooms at TMJL stands at a number of 59, and has a total operating area of approximately 78,000 square feet. 

Currently, Thangamayil Jewellery Ltd. has a PE ratio of 51.6 at a market cap of ₹ 4894.90 crores. The net profit/loss of the company for the period FY 24 is ₹ 123 crores.

8. Motison Jewellers Ltd. 

Motison Jewellers Ltd. commenced its business in Jaipur, Rajasthan in 1977. This store expanded to an area of 1355 sq. ft. by 2002, and the number of stores was increased to 4 under the motison brand across Jaipur city.  

The company’s product portfolio includes sourced finished jewellery from third parties, comprising jewellery made of gold, diamond, and other precious and semi-precious stones. Besides the sourced jewellery, a large set of hand-crafted jewellery is designed and manufactured by the in-house designers of Motison Jewelers. 

Currently, Motison Jewellers Ltd. has a PE ratio of 22.7 at a market cap of ₹ 2231.47 crores. The net profit/loss of the company for the period FY 24 is ₹ 32 crores.

9. Renaissance Global Ltd. 

Renaissance Global Ltd. specialises in designing, manufacturing, and distributing branded jewellery to a global customer base in North America, Europe, Australia, and Asia.  The company has a cluster of 200+ skilled designers who produce more than 15000+ designs annually. The organisation’s business spans 4 verticals: In-house brands, Licensed Brands, Customer Brands, and Plain Gold Jewellery. 

Currently, Renaissance Global Ltd. has a PE ratio of 21.2 at a market cap of ₹ 1581.17 crores. The net profit/loss of the company for the period FY 24 is ₹ 74 crores.

10. International Gemmological Institute (India) Ltd 

International Gemmological Institute (India) Ltd. is the second-largest independent grading and accreditation service provider. It has a global market share of 33%, based on the number of certifications performed by it in CY 2023. The company commenced its operation in Belgium in 1975 by establishing IGI Belgium. According to the data of 30th September 2024, IGI has a global network of 31 branches, which comprises IGI laboratories across 10 countries and 18 schools of gemology in 6 countries. 

Currently, International Gemmological Institute (India) Ltd has a PE ratio of 67.9 at a market cap of ₹ 22,392 crores. The net profit/loss of the company for the period ending Dec 22 is ₹ 244 crores. 

Top 10 Diamond Stocks in India For 2025 as per P/E Ratio

*Data is updated as of 30th January 2025

Diamond Industry of India: Historical Insights and Outlook

The history of Indian diamond mining, production and distribution has been at the centre of attraction and large trade for centuries. Know for being the home to the famous Golconda mines, India has given some precious diamonds to the country and the world. To name a few, the Koh-i-Noor, the evening start and the Hope diamond all originated in the southern region of India. Today, India is globally known for its craftsmanship, precision and quality of diamond production. Besides production, Karwar town (currently a suburb of Hyderabad) became the largest hub of polishing and cutting diamonds. Until 1726 and 1870, when Brazil and Africa discovered diamond mines, India was the sole source of diamonds for the whole world. 

Now, fast-forwarding to the 21st century, India still has its legacy of being one of the world’s biggest producers of diamonds and diamond-related jewellery. Indian exports are expected to reach a figure of 30 billion US dollars by 2026. This figure will depict an 11.11% growth compared to the export figures of 27 US dollars in 2021. As for the imports, the anticipated import figures are 33 US billion dollars by 2026, up from 29 billion US dollars in 2021.

Factors Influencing in Diamond Company Stocks in India

1. Retail Network 

A good retail network and a strong hold on customer acquisition through its own retail store are major factors influencing the performance of a diamond company stock in India for 2025. Therefore, a strong presence in the retail segment makes a diamond stock more attractive. 

2. Market trends 

General industry trends, such as demand or shifts in customer preference,s can impact diamond company stocks for 2025. Hence, you must analyse and research the market and industry trends in-depth before investing in these stocks. 

3. Operational History 

A diamond company that is engaged in this industry for a longer period of time, tends to provide more stable returns and growth through its huge market share and financial performance. 

4. Company Fundamentals 

Key factors such as profitability, market share, cashflows and other metrics are some of the crucial fundamentals that must be analysed thoroughly to understand the growth prospects and return-generating ability of diamond company stocks in India. 

5. Global Connect 

As India is a major exporter of diamonds and other precious stones, it is important to identify and invest in the stock of those diamond companies with a huge global presence. A network of large global clients helps in the growth of the diamond business through increased exports. 

What Are Lab-Grown Diamonds?

Lab-grown diamonds are synthetically man-made diamonds produced in labs using sophisticated machines and chemical processes. However, these diamonds are physically and chemically identical to natural diamonds, and they are both different due to their place of origin or production. Natural diamonds are found deep inside the earth, whereas lab-grown diamonds are not years old and are grown synthetically in labs. 

Lab Grown Diamond Company Stocks List as Per 1 Year Return

*Data is updated as of 30th January 2025

Benefits of Investing in Diamond Company Stock In India for 2025 

1. Global Exposure 

India is known for exporting a large amount of diamonds and diamond-related jewellery to international customers. Therefore, you can earn substantial returns by investing in diamond company stocks for 2025 due to price appreciation from rising global demand. 

2. Robust Demand 

The diamond industry has been on the growth path for a very long time. In addition, the rising disposable income and changing consumer demand are fuelling the industry’s further growth. Being a precious stone and a store of rich monetary value, diamond is poised for robust growth and demand increase in future. 

3. Technological Advancement 

Innovations and technological advancements in the industry have made it more attractive for investors. With better tech and increased quality and precision of diamonds produced, the diamond companies are able to generate better revenues and maintain good financial health. A suitable example of such advancement is lab-grown diamonds, which are identical to mined diamonds; they cost less and are more environmentally friendly. 

4. Economic Support 

The growing Indian economy adds another cushion to the industry. It provides support for better production and distribution of diamonds both globally and domestically. You can benefit from the flourishing Indian economy by investing in diamond company stocks in India for 2025. 

Risks of Investing in Diamond Stocks In India For 2025 

The stocks of diamond companies in India undoubtedly have huge upside potential for the future, considering the growing demand and constant innovation and tech advancements. However, no investment is risk-free. Even these stocks have key risk factors that have the potential to influence your return on the diamond company stocks for 2025. 

One major risk that these stocks have is the regulatory risk. Since diamonds are part of the jewellery and gemstone sector, to ensure the authenticity and purity of diamonds, the government implements various grading and accreditation requirements on companies involved in the business of producing and using diamonds. The cost involved in complying with these regulations adds to the final value of production, and failure to meet the grading standard also leads to regulatory scrutiny for companies. The decreased quality or regulatory actions can lead to a substantial decrease in stock prices over time. 

The second important risk is environmental risk. With the increased concern for safeguarding the environment, the diamond supply chain faces production and distribution issues. This issue arises because diamonds are extracted from diamond mines, which leads to environmental issues and life risks for miners. 

Other than this, diamond companies face the risk of emerging competition due to innovations and new designs by various vendors. These companies have to keep themselves abreast of regular shifts in demand for new designs. 

Explore Other Diamond Stocks List in India 

*Data is updated as of 30th January 2025

Let’s Wrap 

Now, let us get to the bottom of this blog. In the end, you might have a lot of questions about the diamond industry, its relation with the stock market, and why diamond company stocks in India for 2025. All these questions are very obvious and right. We have tried to answer most of these questions in the above blog, and conclusively, we all know that no industry or company have the ability to provide you with constantly rising profits throughout your investment period. 

However, the diamond industry has a unique position in the market because of its vast use cases and luxury attributes. Owning a diamond or jewellery studded with diamonds is still a dream for many. Thus, it reflects potential space for growth and rising consumer demand in the industry, which can lead to increased prices for diamond company stocks in 2025. With its long-standing history, increasing disposable income and the stronghold of India on the global diamond markets, this industry offers great potential for generating substantial returns for its investors in 2025. But it is crucial that you are aware of the market trends and or your risk tolerance before you invest in diamond company stocks. 

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Frequently Asked Questions 

1. What are diamond company stocks for 2025?

Diamond company stocks for 2025 are equity shares of those companies that are involved in the business of mining, cutting, polishing and selling diamonds and related jewellery in India. 

2. Which are the best diamond company stocks to invest in India?

Stocks like Kalyan Jewellers, Titan Company Ltd., and Senco Gold and Diamonds are some of the best stocks to invest in India. However, investing in these stocks can also be risky; therefore, you must analyse these companies in-depth before investing. 

3. Is it safe to invest in diamond company stocks in India?

Diamond stocks in 2025 can be considered a safe investment if they are chosen based on strong research and with a defined investment plan. Diamond company stocks are influenced by various market forces, which can lead to price volatility hence, you must invest and trade in diamond stocks with a risk-managed strategy. 

4. How can I invest in diamond company stocks?

The first step of investing in diamond company stocks for 2025 is to open a demat account and a registered stock broker in India. Then, you must target fundamentally strong diamond company stocks with huge growth potential for 2025. Once you have chosen the suitable stock and have created an investment plan, you can proceed with investing in diamond stocks. 

5. What is the difference between a lab-grown diamond and a natural diamond?

Lab-grown – These diamonds are produced synthetically in labs within a few weeks using sophisticated machinery and tools. 
Natural Diamond – Unlike lab-grown diamonds, natural diamonds are extracted from gold mines deep inside the earth’s surface. These date back many years and are more expensive than lab-grown diamonds.

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Disclaimer: Stock market investments carry risks, and past performance doesn’t guarantee future returns. Therefore, conduct thorough research, assess risk tolerance, and seek professional advice before investing in the above-mentioned fundamentally strong stocks.