Shares of Tribhovandas Bhimji Zaveri gained 1.90 per cent and Gitanjali Gems rose by 1.92 per cent on BSE.
On the other hand, Thangamayil Jewellery dipped 3.34 per cent, Titan Company lost 1.53 per cent and PC Jeweller lost 0.37 per cent. These stocks witnessed positive opening but failed to hold on the momentum and slipped in the negative zone at close of trade.
The tax rate on job workers in diamond processing and jewellery has been decided at 5 per cent, as against the normal 18 per cent GST rate for services.
In the broader market, the BSE Sensex ended at 31,095.70, down 166.36 points.
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