India Gems and Jewelry Market, By Type (Gold, Diamond, Silver, Gemstones, Others (Pearl, Platinum, etc.)), By Distribution Channel (Offline and Online), By Region, Competition, Forecast & Opportunities, FY2017-FY2027

India Gems and Jewelry Market, By Type (Gold, Diamond, Silver, Gemstones, Others (Pearl, Platinum, etc.)), By Distribution Channel (Offline and Online), By Region, Competition, Forecast & Opportunities, FY2017-FY2027

India gems and jewelry market stood at USD78.50 billion in FY2021 and is expected to grow with a CAGR of 8.34% in the forecast years, FY2023-FY2027, to achieve a market value of USD119.80 billion by FY2027. India gems and jewelry market is growing on the backbone of growing disposable income among the Indian population. Moreover, gems and jewelry in the country are often associated with luxury gift items. Thus, increasing instances of festival gift exchanges and changing consumer preferences toward celebration presents for their families and friends are also driving the growth of India gems and jewelry market in the upcoming five years. Surging demand for branded jewelry products and assurance of the authentic and pure form of the luxury metal and gems in the jewelry is also supporting the growth of the India gems and jewelry market in the next five years. Growing urbanization, innovative product launches, designer products, and technological advancements in product development are further substantiating the growth of the India gems and jewelry market in the future five years. Increasing innovation and adoption in men’s jewelry and acquiring gemstones in clothing for men is another major factor that is driving the market growth.

Luxurious materials like gold and silver are significantly categorized as a symbol of wealth and prestige among Indian families. Utilizing modern materials like white gold, platinum, rose gold, etc. are also some of the modern designs and modern materials that are utilized in jewelry making and are rapidly being accepted in the Indian market, mostly among the working female population looking for lighter and comfortable jewelry for their regular assembles. Gemstones such as ruby and others are making a big contribution to the shifting fashion trends, particularly among the elite and upper-middle classes.

The India gems and jewelry market is segmented based on type, distribution channel, region, and competitional landscape. Based on type, the market is further fragmented into gold, diamond, silver, gemstones, others (pearl, platinum, etc.). Gold is anticipated to hold the largest share of the market and dominate the market segment in the upcoming five years on account of the traditional categorization of the material as a symbol of prestige and wealth. Increasing demands for wedding jewelry and traditional jewelry manufacturing using the material are also anticipated to further support the market's growth in the next five years.

Rajesh Exports Limited, Malabar Gold Private Limited, Titan Company Limited, Bhima Jewellery and Diamonds Private Limited, Kalyan Jewellers India Limited, PC Jeweller Limited, Tribhovandas Bhimji Zaveri Limited, Joyalukkas India Limited, Hari Krishna Exports Private Limited, Vaibhav Global Limited, etc. are among the major market players in the India platform that lead the market growth of the India gems and jewelry market.

Years considered for this report:

Historical Years: FY2017- FY2020

Base Year: FY2021

Estimated Year: FY2022

Forecast Period: FY2023 – FY2027

Objective of the Study:

• To analyze and estimate the market size of India gems and jewelry market from FY2017 to FY2020.
• To estimate and forecast the market size of India gems and jewelry market from FY2021 to FY2027 and growth rate until FY2027.
• To classify and forecast India gems and jewelry market based on type, distribution channel, regional distribution, and competitive landscape.
• To identify dominant region or segment in the India gems and jewelry market.
• To identify drivers and challenges for India gems and jewelry market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in India gems and jewelry market.
• To identify and analyze the profile of leading players operating in India gems and jewelry market.
• To identify key sustainable strategies adopted by market players in India gems and jewelry market.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the country.

TechSci Research calculated the market size of India gems and jewelry market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

• Manufacturers, suppliers, distributors and other stakeholders
• Government bodies such as regulating authorities and policy makers
• Organizations, forums and alliances related to gems and jewelry
• Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers, partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, India gems and jewelry market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• India Gems and Jewelry Market, By Type:
• Gold
• Diamond
• Silver
• Gemstones
• Others
• India Gems and Jewelry Market, By Distribution Channel:
• Offline
• Online
• India Gems and Jewelry Market, By Region:
• South
• North
• East
• West

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India gems and jewelry market.

Company Information

• Detailed analysis and profiling of additional market players (up to five).

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