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4 clusters · 10 sources · 10 days · First seen · Last updated

Indian gems and jewellery industry development

Overview

The Indian gems and jewellery sector is undergoing a structural transformation, driven by a shift from traditional savings-oriented purchases to frequent, fashion-driven consumption. This evolution is led by a digitally native generation prioritizing personal expression, aspirational styling, and versatility. Key trends include the rising popularity of silver jewellery for everyday wear, minimalist designs, and the growing economic impact of lab-grown diamonds.

To support long-term growth, industry leaders and policymakers are calling for significant structural reforms. At a recent conference, experts emphasized the need to professionalize the sector by integrating formal education with skill-based training. Vinod Bamalwa of the Indian Chamber of Commerce noted a shortage of young artisans, suggesting that linking jewellery-making with recognized academic certifications could elevate the profession’s status and build a stronger talent pipeline.

On a strategic level, NITI Aayog Program Director Pravakar Sahoo highlighted the opportunity to expand India’s 8% global share of gems and jewellery exports. He urged the industry to move beyond diamonds by focusing on value addition, improved design, branding, and market diversification. To remain competitive, Sahoo noted the necessity of reducing industry fragmentation, improving infrastructure, and enhancing access to finance while preserving traditional craftsmanship.

The market, valued at approximately $85 billion in 2025, is projected to reach $130 billion by 2030. This growth is accompanied by a move toward organized retail and digital-first brands, which continues to challenge the traditional unorganized bazaar sector.

Entities

Amit Shah · Ananya Jewels · Indian Chamber of Commerce · Senco Gold & Diamonds · India

Timeline

  1. about 23 hours ago

    [BUSINESS] 2 sources
    India's jewellery sector urged to integrate formal education and enhance design

    Experts and NITI Aayog officials urge India’s jewellery sector to integrate formal vocational education and focus on design, branding, and value addition to expand its global market share.

  2. 3 days ago

    [BUSINESS] 5 sources
    India jewellery market shifts toward fashion-driven consumption

    India's jewellery market is shifting from traditional wealth storage to fashion-driven consumption, with silver and lab-grown diamonds driving growth toward a projected $130 billion by 2030.

  3. 10 days ago

    [BUSINESS] 2 sources
    India targets USD 100 billion in gems and jewellery exports by 2040

    India aims for USD 100 billion in gems and jewellery exports by 2040, focusing on branded products, design, and securing control over the global lab-grown diamond supply chain.

  4. 10 days ago

    [BUSINESS] 2 sources
    Diamond jewellery demand rises amid Indian festive and wedding seasons

    The festive and wedding seasons are driving high demand for diamond jewellery in India, with growing interest in lab-grown diamonds and a rise in self-purchases among younger consumers.

Sources

businessnewsthisweek.com · businessnewsweek.in · diamondworld.net · hyderabadangels.in · newsable.asianetnews.com · newsx.com · smestreet.in · tennews.in · theceo.in · thegazette.news

This summary has been updated 2 times: see revision history