New Delhi, Dec. 20 -- Jewellery stocks have failed to keep pace with gold's blistering rally, so much so that at a time when gold prices have zoomed over 70% in a year, eight of the top 10 gems & jewellery players in terms of market capitalisation are languishing in the red on Dalal Street.

Barring Titan and Thangamayil Jewellery, which have risen 17% and 72%, respectively, other prominent names from the sector have plunged up to 44% in a year, highlighting a sharp divergence against the gold rates.

PC Jeweller remains the biggest laggard, losing 44% in a year, with Senco Gold a close second as its stock has crashed 43.5%. Kalyan Jewellers' shares have plunged 35%, and Sky Gold & Diamonds' shares have dropped 38%. Recently listed player...