Gems And Jewelry Market in India 2025:
How Big is the India Gems And Jewelry Market?
The India gems and jewelry market size reached USD 96.90 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 227.66 Billion by 2033, exhibiting a growth rate (CAGR) of 9.20% during 2025-2033.
Base Year: 2024
Historical Years: 2019-2024
Forecast Years: 2025-2033
Market Size in 2024: USD 96.90 Billion
Market Size in 2033: USD 227.66 Billion
Market Growth Rate (CAGR) 2025-2033: 9.20%
India Gems And Jewelry Market Trends and Drivers:
The India gems and jewelry market is witnessing significant transformation driven by changing consumer preferences, increased urbanization, and rising disposable incomes. Basically, the market has seen a shift from traditional, high-value gold purchases to a more diversified portfolio that includes diamonds, platinum, and fashion jewelry. This trend is especially prominent among the younger population, who are gravitating towards lightweight, contemporary designs over heavy, traditional ornaments. In Addition, the growing influence of social media and digital platforms has made it easier for brands to showcase their collections and connect with customers, further fueling demand. E-commerce penetration has also opened up new avenues, allowing consumers from smaller towns and rural areas access to a wide variety of jewelry, previously limited to metro cities.
Moreover, government initiatives such as the hallmarking mandate and the reduction of import duties on precious metals have enhanced transparency and trust among buyers, supporting market expansion. The surge in wedding-related purchases continues to play a vital role in driving the sector, with demand peaking during festive seasons. Additionally, the increasing inclination toward branded jewelry is reshaping the industry, as consumers seek assurance of quality and authenticity. Another contributing factor is the growing investor interest in gold as a safe-haven asset, especially in times of economic uncertainty. This dual nature of jewelry as both an adornment and investment ensures its enduring appeal in the Indian market. Overall, innovation in design, advancements in manufacturing techniques, and the rapid adoption of digital tools are set to sustain the momentum and unlock new growth opportunities in the coming years.
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India Gems And Jewelry Market Report and Segmentation:
The report has segmented the market into the following categories:
Type Insights:
- Gold
- Diamond
- Silver
- Gemstones
- Others
Distribution Channel Insights:
- Offline
- Online
Regional Insights:
- North India
- South India
- East India
- West India
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Competitive 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.
Key highlights of the Report:
- Market Performance (2019-2024)
- Market Outlook (2025-2033)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
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.
About Us:
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.
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