India Jewellery Market Valuation to Reach USD 150.10 Billion by 2033 - Growing at a CAGR of 5.20%

India Jewellery Market 2025-2033

According to IMARC Group's report titled "India Jewellery Market Size, Share, Trends and Forecast by Product, Material and Region, 2025-2033", The report offers a comprehensive analysis of the industry, including market share, growth, trends, and regional insights.

How Big is the India Jewellery Industry ?

The India jewellery market size was valued at USD 90.40 Billion in 2024 and is expected to reach USD 150.10 Billion by 2033, exhibiting a growth rate (CAGR) of 5.20% during 2025-2033.

India Jewellery Market Trends:

The Indian jewellery market is witnessing a dramatic transformation brought on by shifting consumer preferences. There are several interesting trends; for example, the demand for lighter and more minimalist designs has shot up largely among younger consumers who look for versatile pieces to adorn in everyday life as opposed to the shady revered heavy pieces. Lab-grown diamond and sustainable jewellery are, however, entering the business cosine at a time when environmentally conscious consumers are seeking for ethically sourced alternatives that never compromise on their visual appeal.

Amongst some of the important differentiators stand the things of personalization and customization wherein the customer goes for their personal expression of style through, for example, an engraving or birthstone accent. More from the retailer's point of view, the AR and virtual try-on tools are methods to enchant the experience, allowing a customer to try on jewellery virtually before buying. Basically, mixing antique techniques with country designs is an ideal appeal of contradiction.

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India Jewellery Market Scope and Growth Analysis:

Indian jewellery market is presently having a lavish growth for cultural tastes, growing purchasing power, and urbanization. Untapped potential in Tier 2 and Tier 3 cities remains to be very enticing as brands try to popularize locally and work on cheap entry-level collections-singling them out. Big-ticket purchases somewhat continue to be wedding- and festival-driven, with consumers purchasing heirloom pieces that mark important occasions in their lives. Simultaneously, digital payment methods and EMI schemes help make some of the finest jewellery available to a broad spectrum of consumers.

So with gold still being reigning in the market, platinum and alternate metals continue to diversify it for consumers who equate it more with modern looks and durability. Some good considerations are government schemes such as Gold Monetization Scheme to mobilize idle gold and curb import dependency. Indian jewellery market got a thrust to establish itself as the global foster for innovation and fine craft due to further FDI and collaborations of international designers with local craftsmen.

India Jewellery Industry Segmentation:

The report has segmented the market into the following categories:

Product Insights:

• Necklace
• Ring
• Earrings
• Bracelet
• Others

Material Insights:

• Gold
• Platinum
• Diamond
• Others

Regional Insights:

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

Competitor Landscape:

The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.

Other key areas covered in the report:

• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Strategic Recommendations
• Market Dynamics
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape
• Top Winning Strategies
• Recent Industry News
• Key Technological Trends & Development

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Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services.

IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

This release was published on openPR.