India Gem and Jewellery Market Trends : Strong Expansion to USD 133.96 Billion by 2030

𝐈𝐧𝐝𝐢𝐚 𝐆𝐞𝐦 𝐚𝐧𝐝 𝐉𝐞𝐰𝐞𝐥𝐥𝐞𝐫𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰

The Indian gem and jewellery industry is a multifaceted sector encompassing the manufacturing, processing, and trading of gemstones, diamonds, and precious metals including gold, silver, and platinum. The market offers a vast array of products, from traditional handcrafted jewellery to modern, sophisticated designs that combine cultural heritage with contemporary trends. The industry's contribution to India's GDP and export profile underscores its economic importance, driven by cultural traditions, rising disposable incomes, and evolving consumer tastes, particularly during weddings and festive seasons.

𝐈𝐧𝐝𝐢𝐚 𝐆𝐞𝐦 𝐚𝐧𝐝 𝐉𝐞𝐰𝐞𝐥𝐥𝐞𝐫𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐄𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐑𝐞𝐯𝐞𝐧𝐮𝐞 𝐆𝐫𝐨𝐰𝐭𝐡:

The India Gem and Jewellery Market has exhibited significant growth, with its valuation reaching USD 43.71 billion in 2023 and projections pointing to an expansion to USD 133.96 billion by 2030, demonstrating an impressive CAGR of 17.35%.

𝐅𝐨𝐫 𝐚𝐧 𝐢𝐧-𝐝𝐞𝐩𝐭𝐡 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬, 𝐜𝐥𝐢𝐜𝐤 𝐭𝐡𝐞 𝐩𝐫𝐨𝐯𝐢𝐝𝐞𝐝 𝐥𝐢𝐧𝐤: https://www.maximizemarketresearch.com/request-sample/122565/

𝐊𝐞𝐲 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐂𝐞𝐧𝐭𝐞𝐫𝐬 𝐚𝐧𝐝 𝐆𝐫𝐨𝐰𝐭𝐡 𝐃𝐫𝐢𝐯𝐞𝐫𝐬

Strategically centered in cities such as Mumbai, Surat, Jaipur, and Ahmedabad, the industry benefits from a robust network of diamond processing hubs, gold jewellery crafting centers, and skilled artisans. The surge in demand for branded and lightweight jewellery, along with the rising penetration of e-commerce and Western fashion influences, has fueled market growth. Millennials have emerged as a vital consumer segment, contributing to the rising demand for modern and customized jewellery.

The government has played an active role in supporting the sector through policies aimed at liberalization, increased exports, and fostering investment. Noteworthy developments include the Comprehensive Economic Partnership Agreement (CEPA) with the UAE, which grants duty-free access to the UAE market, boosting export opportunities. Additionally, measures such as allowing 100% FDI under the automatic route and initiatives to modernize gold monetization schemes have laid the groundwork for sustained growth.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬 𝐚𝐧𝐝 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬

Trends in the market indicate a growing preference for lightweight and ethical jewellery. This shift is driven by consumer demand for sustainable and responsibly sourced products, leading brands to adopt eco-friendly practices such as using recycled gold and transparent supply chains. The industry's adoption of technology for design innovation and online sales has further strengthened its position. Key players like Tanishq have leveraged modern design strategies and ethical sourcing, setting industry benchmarks.

𝐄𝐱𝐩𝐨𝐫𝐭 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬 𝐚𝐧𝐝 𝐄𝐜𝐨𝐧𝐨𝐦𝐢𝐜 𝐈𝐦𝐩𝐚𝐜𝐭

India's status as the seventh-largest global exporter of gems and jewellery is reinforced by its leading position in diamond and silver jewellery exports. In FY23, these exports were valued at USD 37.97 billion, with cut and polished diamonds leading the charge. Key markets include the USA, UAE, and Hong Kong, with the USA being the largest importer. Post-pandemic recovery and increased consumer spending in regions like Israel, the UK, and the Netherlands have further boosted export performance.

𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐚𝐭: https://www.maximizemarketresearch.com/request-sample/122565/

𝐈𝐧𝐝𝐢𝐚 𝐆𝐞𝐦 𝐚𝐧𝐝 𝐉𝐞𝐰𝐞𝐥𝐥𝐞𝐫𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧

𝐛𝐲 𝐒𝐭𝐨𝐧𝐞 𝐓𝐲𝐩𝐞

Emerald
Ruby
Sapphire
Other

𝐛𝐲 𝐏𝐫𝐨𝐝𝐮𝐜𝐭 𝐓𝐲𝐩𝐞

Rings
Necklaces
Earrings
Bracelets
Chains and Pendants
Other

Rings and necklaces remain dominant within the market, with rings being especially significant due to their cultural and ceremonial importance. Engagement rings symbolize commitment and are essential in traditional Indian weddings, contributing to their popularity. Necklaces, known for their decorative appeal and intricate designs, also hold a strong market position due to their relevance in festivals and celebrations.

𝐛𝐲 𝐃𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧 𝐂𝐡𝐚𝐧𝐧𝐞𝐥

Online
Offline

𝐀𝐜𝐜𝐞𝐬𝐬 𝐘𝐨𝐮𝐫 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 + 𝐕𝐢𝐬𝐮𝐚𝐥𝐬 𝐍𝐨𝐰: https://www.maximizemarketresearch.com/request-sample/122565/

𝐈𝐧𝐝𝐢𝐚 𝐆𝐞𝐦 𝐚𝐧𝐝 𝐉𝐞𝐰𝐞𝐥𝐥𝐞𝐫𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬

South India has long been a leader in the gem and jewellery market, known for its intricate craftsmanship and diamond cutting expertise. Cities like Jaipur and Ahmedabad are renowned for their traditional gold jewellery, attracting a global clientele. West India, particularly Surat-dubbed the "Diamond City of India"-is critical to the industry due to its diamond processing and trading infrastructure. Mumbai acts as a major trading hub, supporting seamless import-export activities and connecting with international markets.

Recent investments, such as Malabar Group's INR 750 crore project in Hyderabad for a new gold refinery and jewellery unit, reflect the industry's drive for expansion and innovation. Events like the GJEPC's Lab-Grown Diamond Buyer & Seller Meet underscore the sector's shift towards sustainability and technological adoption.

𝐈𝐧𝐝𝐢𝐚 𝐆𝐞𝐦 𝐚𝐧𝐝 𝐉𝐞𝐰𝐞𝐥𝐥𝐞𝐫𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬

1. Tanishq (Titan Company Limited)(Karnataka)
2. Reliance Jewels (Reliance Retail (Maharashtra)
3. PC Jeweller (Delhi)
4. Malabar Gold & Diamonds (Kerala)
5. Kalyan Jewellers (Kerala)
6. Gitanjali Gems (Maharashtra)
7. Joyalukkas (Kerala)
8. Mellora (Karnataka)
9. Aadinath Exports(Rajasthan)
10. Unique Jewellers (Maharashtra)
11. Bello Jewels Star (Delhi)
12. Haaris Real Estates, & Precious Gem & Jewellery (Maharashtra)
13. Gem Mart (India) Pvt. Ltd. (Rajasthan)
14. Gaya Gem & Jewellerytones Pvt Ltd (Bihar)
15. Arihant Silver & Crafts (Rajasthan)
16. Acute Gem & Jewellery (Maharashtra)
17. Sunrise Jewellers (Rajasthan)
18. Stone Art (Rajasthan)
19. Jindal Gem & Jewellery (Rajasthan)
20. Pdm Gem & Jewellery (Rajasthan)
21. Zaheen Jewels Pvt Ltd (Maharashtra)

𝐑𝐞𝐜𝐞𝐢𝐯𝐞 𝐘𝐨𝐮𝐫 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐰𝐢𝐭𝐡 𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬: https://www.maximizemarketresearch.com/market-report/india-gem-jewellery-market/122565/

𝐊𝐞𝐲 𝐪𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐚𝐧𝐬𝐰𝐞𝐫𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐈𝐧𝐝𝐢𝐚 𝐆𝐞𝐦 𝐚𝐧𝐝 𝐉𝐞𝐰𝐞𝐥𝐥𝐞𝐫𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐚𝐫𝐞:

What is India Gem and Jewellery?
What is the growth rate of the India Gem and Jewellery Market?
Which are the factors expected to drive the India Gem and Jewellery market growth?
What are the different segments of the India Gem and Jewellery Market?
What growth strategies are the players considering to increase their presence in India Gem and Jewellery?
What are the upcoming industry applications and trends for the India Gem and Jewellery Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the India Gem and Jewellery Market?
Who are the leading companies and what are their portfolios in India Gem and Jewellery Market?
What segments are covered in the India Gem and Jewellery Market?
Who are the key players in the India Gem and Jewellery market?
𝐊𝐞𝐲 𝐎𝐟𝐟𝐞𝐫𝐢𝐧𝐠𝐬:

Market Size, Share, Size & Forecast by different segment
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation - A detailed analysis by segment with their sub-segments and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
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