India Gem and Jewellery Market Key Company Profiles, Types, Applications and Forecast to 2029

The India Gem and Jewellery Market demonstrated remarkable resilience in 2022, boasting a market value of US$ 37.25 billion. Projections indicate a substantial growth trajectory, with an estimated Compound Annual Growth Rate (CAGR) of 21.35% from 2023 to 2029. By 2029, the market is poised to reach a staggering US$ 144.37 billion.

Report Scope and Methodology:

This comprehensive report offers valuable insights into the India Gem and Jewellery Market. It encompasses market trends from 2017 and provides a forecast up to 2029, using 2022 as the base year. Of particular interest is the impact of lockdowns on market dynamics in 2021 and their repercussions over the subsequent two years.

The research methodology employed ensures a thorough understanding of the industry's nuances. Additionally, the report includes a strategic analysis of companies that thrived during the challenging lockdown periods.

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What are India Gem and Jewellery Market Dynamics ?

Market Drivers

The market's robust growth in recent years is attributed to escalating gold prices. Furthermore, the shift in consumer preferences towards lighter and fusion jewellery has led to a decline in the average ticket size of purchases. This transition has doubled the industry's volume as manufacturers increasingly adopt a blend of machine-manufactured and handmade jewellery to cater to this trend.

The Gem and Jewellery sector has made substantial contributions to India's GDP, accounting for approximately 7.5% and enhancing the country's exports by 14%. The industry's significance has prompted the government to initiate export promotion efforts and incentivize investments and skill development.

What is India Gem and Jewellery Market Segmentation ?

by Product Type

• Rings
• Necklaces
• Earrings
• Bracelets
• Chains and Pendants
• Other Product Types
by Distribution Channel

• Online
• Offline
by Region

• North India
• East India
• South India
• West India

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Who are India Gem and Jewellery Market Key Players?

• AADINATH EXPORTS
• UNIQUE JEWELLERS
• bello jewels star
• Haaris Real Estates, & Precious Gem & Jewellery
• Gem Mart (India) Pvt. Ltd.
• Gaya Gem & Jewellerytones Pvt Ltd
• ARIHANT SILVER & CRAFTS
• ACUTE GEM & JEWELLERY & JEWELLERY
• SUNRISE JEWELLERS
• Stone Art
• Jindal Gem & Jewellery
• PDM GEM & JEWELLERY
• ZAHEEN JEWELS PVT LTD

Table of content for the India Gem and Jewellery Market includes:

Part 01: Executive Summary

Part 02: Scope of the India Gem and Jewellery Market Report

Part 03: India Gem and Jewellery Market Landscape

Part 04: India Gem and Jewellery Market Sizing

Part 05: India Gem and Jewellery Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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India Gem and Jewellery Market Regional Insights:

India's Gem and Jewellery market is actively targeting export markets in the Middle East, Far East, and North America. The domestic market has also witnessed substantial growth, with India now ranking as the world's third-largest consumer of diamonds. The market's adaptability to Western styles and the increasing affluence of consumers have made it a critical market for international brands, including Montblanc International, Joyalukkas, and Gemfields.

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