Gems and jewellery stocks lost shine in 2018
The diamond and jewellery industry was hit in 2018 after one of the biggest banking scam was revealed in India. Celebrated diamantaire Nirav Modi cheated Indian banks of Rs. 13,000 crore. A steep erosion in the value of Nirav Modi brand was inevitable.
With this scam, one of India’s most high-profile jewellery company Gitanjali Gems came under the radar of investigating agencies. Its owner Mehul Choksi (uncle of Nirav Modi) owes Rs. 6,000 crore to banks. The stock of Gitanjali Gems has been suspended from trading following the NCLT’s order for insolvency resolution process.
Here is the performance of diamond and jewellery stocks in 2018 -
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)
Source : Ace Equity
PC Jeweller was the worst hit jewellery stock when the reports were out stating that its promoter gifted some of his stake to family members through undisclosed off-market transactions. The buyback offer too was later cancelled which further hurt the stock.
The gems and jewellery sector contributes ~14 per cent to India’s overall exports. The exports of gems and jewellery during April-November 2018 fell by 6.7 per cent on YoY basis. As per ICRA, the demand for gold jewellery would grow by 6-7 per cent in medium to long-term period.
Meanwhile, on Wednesday, the price for 10 gm of 24k gold was at Rs 33,410, which grew by 7.2 per cent from Rs.31,150 as on January 16, 2018.