Earlier this week, jewelry companies soared 7% on the Indian stock market after reports of a possible increase in profits this season of holiday sales. So, the price per share of Gitanjali Gems grew by 7.4% to $ 0.86, while Shantivijay Jewels rose almost 5% to $ 0.97 per share. Such leaders of the Indian jewelry sector, as Rajesh Exporters and Shrenuj & Co, also noted the growth of their quotations on the stock exchange.
It is also noted that the recent abolition of restrictions on the import of gold by the Indian government allowed to reduce the pressure in the supply system of this precious metal. Jewelers of India receive positive news from both the domestic market and from the jewelery industry players from all over the world.