New Delhi, March 24 -- The escalating West Asia conflict is starting to derail Indian jewellers' overseas growth plans at a crucial juncture, with the country's largest jeweller Titan Co Ltd pausing rollout of its Gulf subsidiary Damas Jewellery stores in the region, three people aware of the matter said. This will delay its push into the $4 billion Gulf jewellery market, complicating an already fragile turnaround.

Titan had acquired a 67% stake in Damas Jewellery last year, and the firm is run by its parent Damas LLC.

"They had plans to expand about 15-20 stores across the GCC (Gulf Cooperation Council) this quarter, which has now been paused," said one of the people in the know. The region covers the United Arab Emirates, Saudi Arabia...