Shining bright

INVESTING INSIGHT

Gold jewellery and gemstone company shares have had a good run from November 2004 to February 9, 2005, on the Bombay Stock Exchange (BSE) though higher gold prices led to decline in retail sales.

Only Classic Diamond shares declined from Rs 119.25 on November 1, to today's close of Rs 106.30, down 8.5 per cent on BSE.

During the same period the stock price of Golkunda Diamonds & Jewellery increased from Rs 5.85 to Rs 8.90, up by 52.13 per cent, and SB & T International from Rs 70.25 to Rs 86.45.

Shrenuj & Co gained from Rs 52.00 to Rs 68.95, up 32.59 per cent, and Su-Raj Diamonds from Rs 28.50 to Rs 34.85.

Suashish Diamonds rose from Rs 82.40 to Rs 71.45 and Sunraj Diamond Exports from Rs 5.22 to Rs 13.69. Parekh Platinum soared from Rs 9.61 to Rs 13.39 and Rajesh Exports from Rs 207.55 to Rs 341.60.