Jewellery shares fall on fear of gold import curbs; Titan down 4.73%

Most jewellery stocks have headed south in the last one month. However, the fall gained momentum in the last one week after the Centre announced measures to arrest rupee slide and decided to curb import of non-essential goods. Jewellers were alarmed by this move and expect some restrictions on gold trade.

In the last one week after the government announced restrictions to arrest the rupee slide, jewellery stocks fell by around 5 to 12 per cent. 

Among big domestic jewellery companies, Titan was least affected and fell 4.73 per cent only due to better fundamentals then competitors. Fall in jewellery companies' share