What is the market size of gems and jewellery in India | Insights, Trends & Growth Analysis 2025

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Code: MTA10683

Publication Date: Nov 2025

What is the growth rate of the India Gems and Jewellery Market?

According to 6Wresearch internal database and industry insights, the India Gems and Jewellery Market is projected at a CAGR of 6.6% during the forecast period 2025-2031.

There are numbers of factors which are contributing in the expansion of the market include increasing consumer spending on luxury goods, rising disposable income, growing demand for customized and branded jewellery, and supportive government initiatives to promote exports.

Key Growth Drivers of the India Gems and Jewellery Market

Increasing demand for gold, diamond, and platinum ornaments
Rising disposable income and changing consumer lifestyles
Growing trend of branded and certified jewellery
Supportive government schemes to boost jewellery exports
Technological adoption in jewellery manufacturing and design
Increasing use of sustainable and lab-grown gemstones

India Gems and Jewellery Market Trends

India Gems and Jewellery Market is witnessing steady growth with notable trends such as the rising preference for lightweight and contemporary jewellery designs. The people become more aware of quality, the demand for certified and hallmarked jewelry is going up. Online sales and digital try-on tools are changing the way people shop. The market is also moving toward using lab-grown diamonds and getting materials from sources that are good for the environment. Customization and personalization are becoming more popular, especially with younger people. Furthermore, partnerships between jewelry brands and fashion designers are pushing new ideas in products.

Emerging Developments in the India Gems and Jewellery Market

India Gems and Jewellery Market is evolving through the integration of advanced technologies such as 3D printing, computer-aided design (CAD), and augmented reality (AR) in product development and sales. There is more money being put into organized retail and franchise growth in the industry. The market is getting even better as there are more chances to export and more chances to go to international trade fairs. New product lines that use recycled and eco-friendly materials are starting to show up. Also, government programs like hallmarking mandates and policies that encourage exports are having a positive effect on the industry.