Even as the Iran war, the subsequent spike in oil prices, a stronger dollar, and rising inflation concerns unsettled the Indian stock market over the past month, jewellery stocks have stood out as clear outperformers. Shares of major players, including Kalyan Jewellers India, Titan Company, PC Jeweller, and Senco Gold, among others, have rallied by up to 25% in just one month, outperforming the Nifty’s 3.5% gain over the same period.