India's jewellery exports fell 14.25% in June 2025, led by weak diamond and lab-grown sales. Analyst Harika Enjamuri sees gold loan firms and retailers like Titan, Rajesh Exports, and Senco as festive-season winners. Vaibhav Global and Kalyan Jewellers may face pressure. Gold jewellery exports rose 5.75%, even as overall market sentiment remains cautious.