Jewellery stocks down: Why Kalyan Jewellers, Titan, Augmont and others are losing sheen today? What's driving the fall?

Shares of Kalyan Jewellers plunged as much as 7% in intraday deals, while those of Augmont Enterprises crashed 6% on the BSE. Other jewellery stocks, such as PC Jeweller and Titan Company, declined 2% each during the sessions.