Jewellery Sector Surges Amid Trade Optimism Listed jewellery stocks witnessed a powerful rally on Monday, February 9, 2026, as investor sentiment turned sharply bullish following a landmark trade agreement. The core of this momentum stems from a new India-US interim trade framework that has significantly reduced export hurdles for the gems and jewellery industry. Under the fresh agreement, uncertainty regarding US tariffs has been drastically curtailed. Duties on various Indian goods, which previously faced effective rates as high as **50%**, have been rolled back to **18%**. More importantly for the sector, several high-value categories including gems and diamonds are slated for zero-tariff access upon the full conclusion of the agreement. Key Stock Movements and Financial Highlights Market leaders responded with double-digit gains during the Monday session. **Kalyan Jewellers** emerged as a top performer, with its share price jumping over **11%** to reach **₹437.35**. The company also reported a substantial net profit of **₹400.81 crore** for the December 2025 quarter, marking a **52.88%** year-on-year increase. **P N Gadgil Jewellers** followed suit with a robust intraday surge of approximately **8.55%**, hitting a peak of **₹585.90**. The company’s recent financial disclosures showed a profit after tax of **₹79.31 crore**, supported by a revenue base of over **₹2,100 crore**. Other notable gainers included **Senco Gold**, which climbed nearly **7%**, and **Thangamayil Jewellery**, which advanced over **5%**. Market Trends and Consumption Outlook The sector's growth is further supported by the ongoing wedding season, which remains a primary driver for domestic gold demand. While the price of **24K gold** has reached a significant high of **₹157,450 per 10 grams**, retailers report that the demand for bridal and custom-made jewellery remains resilient. Organized retail players are gaining a larger market share, projected to reach **40-45%** by 2028. This shift is driven by increasing consumer preference for transparency and branded assurance. Additionally, the India-US deal is expected to unlock a **$30 trillion** market opportunity for Indian exporters, potentially doubling US-bound shipments over the next 18 months. Sector Resilience and Future Guidance The removal of the **25%** surcharge previously linked to geopolitical trade tensions has leveled the playing field for Indian artisans. Industry leaders anticipate that the reduction in tariffs will not only improve export volumes but also provide much-needed relief to operating margins, which had been pressured by high inventory costs. Looking ahead, the industry is pivoting toward more versatile designs and lightweight gold options to cater to a younger demographic. While volatile gold prices may impact short-term volume growth for mass-market products, the high-end bridal segment and the newly opened export corridors are expected to sustain the sector's positive trajectory through the next quarter.