India Gems & Jewelry Market Set to Surpass USD 90 Billion Milestone - Latest Insights by Ken Research

Comprehensive market analysis maps formalization, premiumization, and export realignments shaping India's end-to-end gems & jewelry value chain.

Delhi, India - October 30, 2025 - Ken Research released its strategic market analysis titled "India Gems & Jewelry Market Outlook to 2030," revealing that the current market size is valued at USD 90 billion, based on a five-year historical analysis. The detailed study outlines how the market is poised to expand, driven by hallmarking-led formalization, premiumization of jewelry designs, rising disposable incomes, and growing consumer inclination toward branded and certified ornaments. The report further highlights the increasing adoption of organized retail and omnichannel distribution, along with the rapid emergence of lab-grown diamonds, evolving consumer preferences, and supportive policy initiatives that are set to redefine India's gems and jewelry landscape through 2030.

The 100+ page report provides decision-makers with critical intelligence on market dynamics, competitive positioning, and investment opportunities across gold jewelry, natural diamonds, lab-grown diamonds (LGD), silver, and studded categories. With rising disposable incomes and trust-led formalization, the analysis identifies a strategic inflection point for market entry and brand consolidation.

"India's jewelry industry is pivoting toward transparency and branded trust," said Namit Goel, Research Director at Ken Research. "Mandatory hallmarking, digital invoices, and improving after-sales standards are accelerating the shift from unorganized to organized channels, unlocking multi-year growth potential."

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Key Market Dynamics Reshaping the India Gems & Jewelry Landscape

The report identifies four key growth drivers that will define market development:

Formalization & Trust Acceleration

BIS hallmarking expansion with HUID traceability, tighter billing compliance, and consumer awareness campaigns are reshaping purchase behavior. This policy backbone reduces quality opacity, supports working-capital discipline, and channels demand toward organized players with transparent sourcing and buy-back programs.

Premiumization & Bridal Resilience

Affluent and upper-aspiring consumers are trading up to branded, certified studs, designer karigari, and bridal sets. Robust wedding demand and shifting gifting occasions sustain volume while elevating mix, margins, and repeat cycles through loyalty programs and omni-assisted selling.

Omnichannel & Network Expansion

Large chains are scaling showrooms in Tier-2/3 clusters while integrating discovery online and assisted conversion offline. Phygital catalogs, appointment commerce, video consultations, and try-at-home pilots increase assortment visibility and conversion, improving inventory turns and store-level productivity.

Lab-Grown Diamond Momentum

Rapid LGD adoption in studs and solitaires offers price-value headroom and design flexibility. Domestic cutting-polishing capability and emerging common-facility centers reduce lead times and enable private-label pathways for national and regional chains.

Critical Strategic Questions Addressed

For executives navigating this market transformation, the report addresses four pivotal questions:

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Market Entry Timing

With organized penetration rising from a low base and hallmarking tightening market discipline, the analysis identifies optimal entry windows by product (plain gold, diamond-studded, LGD) and by city tier. Premium and bridal segments offer immediate opportunities, while value formats scale as trust and financing deepen.

Regulatory Navigation

The mandate outlines BIS hallmarking/HUID implications, GST considerations, and import-export procedures for gold and diamond value chains. It provides a compliance roadmap for SKU planning, karatage strategy, and vendor onboarding to de-risk rollouts and safeguard margins.

Competitive Positioning

Benchmarking of national and regional chains highlights differentiation on assortment depth, craftsmanship, exchange/buy-back policies, and customer lifetime programs. The analysis maps white-space districts, omni capability gaps, and sourcing partnerships to craft defensible positions.

Investment Prioritization

White-space analysis across store network planning, private-label diamond programs, LGD capsule collections, and digital commerce funnels informs capital allocation. The report quantifies returns from format right-sizing, inventory pooling, and repair/services add-ons.

Critical Infrastructure and Policy Developments

The report highlights several significant developments that will shape market growth:

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Hallmarking & HUID Rollout

Phased expansion of mandatory hallmarking and unique HUID codes strengthens traceability and consumer confidence. The report details coverage timelines, operational checkpoints, and their impact on assortment, supply cycles, and compliance training.

Gold Supply & Duty Regime

Changes in import duty structure, sourcing via nominated agencies/IFSC, and evolving bullion exchange mechanisms influence landed costs and pricing power. The analysis models sensitivity scenarios for gross margins and pricing architecture.

Export Ecosystem Realignment

Global demand cycles and certification norms (Kimberley Process, GJEPC standards) affect studded exports and polished diamond flows. The report maps recovery pathways via FTAs, design localization, and turnaround times.

Common Facility & Craft Clusters

Investments in design labs, testing, and common-facility centers (including LGD) reduce barriers for regional players. Cluster-level case studies show productivity gains in casting, finishing, and CAD-CAM design, with implications for private-label speed.

Strategic Value for Decision-Makers

"What distinguishes this analysis is its focus on actionable intelligence," noted Mr. Harsh Saxena, Principal at Ken Research. "Beyond market sizing, we've mapped regulations, assortment strategy, and omnichannel execution so leaders can operationalize growth."

The 140+ page mandate delivers essential market intelligence for executives and investors, including:

Detailed segmentation by product (plain gold, diamond-studded, LGD, silver), karatage, price bands, and city tiers, with channel mix benchmarks.

5-year and 10-year forecast models with volume and revenue projections from 2024-2030, along with margin and working-capital diagnostics.

Competitive benchmarking of 20+ national and regional chains, including footprint mapping, service standards, and loyalty economics.

White-space analysis across LGD, private label, services/repairs, trade-in/exchange, financing, and e-commerce assisted selling.

Regulatory and policy roadmap covering hallmarking/HUID, GST, sourcing, and export norms with operational checklists.

"As India's jewelry sector formalizes and premiumizes, the opportunity shifts from price-led to value-led competition," added Harsh Saxena, Principal at Ken Research. "Our report gives leaders the data to align merchandising, compliance, and experience for durable growth."

Industry executives seeking access to the complete analysis can contact Ken Research directly or visit:

https://www.kenresearch.com/industry-reports/india-gems-and-jewlery-market?utm_source=OpenPR&utm_medium=Referral&utm_campaign=PR

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Ankur Gupta
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Ken Research delivers strategic market intelligence that drives confident decision-making for industry leaders. With specialized expertise in high-growth markets across emerging economies, the firm provides data-driven insights that translate into competitive advantage for global organizations and investors.

This release was published on openPR.