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2026 The Road Ahead India’s GJ sector eyes explosive growth, bet big on precious metals surge

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India’s gems and jewelry sector enters 2026 with strong optimism, as industry leaders project gold prices rising 10-15% and silver surging 20-25%. With gold crossing ₹1 lakh per 10 grams, weddings are emerging as a key catalyst while younger consumers embrace bridal jewelry as versatile everyday luxury. The market is witnessing robust demand for lightweight diamonds, color stones, and enduring traditional Kundan and temple designs, as reinvention becomes the defining theme—merging traditional craftsmanship with mindful minimalism to create aspirational pieces for modern self-expression. As reinvention defines the horizon, industry leaders are merging traditional craftsmanship with mindful minimalism, creating aspirational pieces that serve both self-expression and investment.

Kirit bhansali

Kirit Bhansali, Chairman of GJEPC, underscores export stability at US$16.26 billion for the first seven months of FY 2025-26—in dollar terms—with rupee growth, crediting government measures like FTAs, the Export Promotion Mission, credit schemes, and the Maharashtra GJ Policy, alongside GJEPC’s expansions into the Middle East, Latin America, Cambodia, and Vietnam.

Vikas Kataria, Promoter of D.P. Abhushan Ltd., predicts gold up 10-15% and silver 20-25%, fueling demand for 18-14 carat gold, lightweight diamonds, color stone jewelry, and enduring traditional Kundan, Jadau, and temple designs amid value-driven buying.

Raghav Dhir, Director of Dhirsons Jewellers Pvt. Ltd., highlights gold prices surpassing Rs1 lakh per 10g, positioning weddings as a key catalyst while younger consumers embrace bridal jewelry as versatile everyday luxury, blending heavier traditional pieces with modern styling.

Kishorkumar Jindatta Shah, Chairman of Chandukaka Saraf, frames gold’s appreciation as an opportunity to merge traditional craftsmanship with mindful minimalism, creating versatile, aspirational pieces for self-expression.

Shradha Keshri, Director of Operations at Hira Panna Jewellers, builds on 2025’s lightweight gold, intricate bridal work, certified gems, and personalization trends, anticipating silver’s rise in jewelry and gifting, with emphasis on ethical sourcing, transparency, immersive retail, and digital discovery to engage a tradition-rooted yet informed audience. And silver is going to rule

Tarun Kochar, Partner at KPS Silver in Bangalore, foresees a more aggressive 40-50% silver surge from current levels, sparking heightened interest in silver articles for investment, gifting, and self-use due to industrial and appreciation dynamics.

These insights reveal a sector adapting through diversification—lightweight and ethical options for youth, silver’s accessibility across demographics, and export momentum. Retailers and manufacturers can leverage festive seasons, weddings, and global outreach for expansion, prioritizing innovation that balances heritage with contemporary appeal. This multifaceted resilience positions India’s GJ industry for a prosperous, value-centric 2026.

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JB Insights

SSI 2026 Opens In Mumbai With Grand Inauguration, Landmark Launches and Strong Industry Participants

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Silver Show of India (SSI) 4th Edition Mumbai has officially commenced at the Jio World Convention Centre in Mumbai, once again cementing its reputation as a premier agent of transformation for the Indian silver jewellery and articles sector.

Day 1 of the exhibition came alive with an unmatched energy, featuring exciting launches, innovative collections, and high-value business interactions.

The prestigious event was inaugurated by Shri Ramdas Athawale (Hon’ble Minister of State for Social Justice & Empowerment, Government of India) and Shri Rahul Narwekar (Speaker of the Maharashtra Legislative Assembly). The inaugural ceremony was presided over by Prithviraj Kothari (National President – IBJA, President – JAB, and Chairman – SSI Exhibition Committee) alongside Dr. Chetan Kumar Mehta (President – Jewellery Division, IBJA) and other esteemed leaders of the jewellery fraternity.

The opening ceremony drew prominent dignitaries and stalwarts from the gem and jewellery industry, including:

  • Ba Ramesh, Joint MD – Thangamayil Jewellery Ltd.
  • Dr. Saurabh Gadgil, CMD – PNG Jewellers
  • Varghese Alukkas, MD – Jos Alukkas Group
  • Kirit Bhansali, Chairman – GJEPC
  • Pramod Agrawal, Chairman – NGJCI
  • Avinash Gupta, Vice Chairman – GJC
  • Mahender Kumar Tayal, Regional Chairperson – GJEPC

Addressing the gathering, Shri Rahul Narwekar said it was not just inaugurating SSI but celebration  of India’s craftsmanship, the ‘Make in India’ initiative, and the rapidly growing commercial opportunities within the silver sector.

Massive Footfall and Breathtaking Variety

Reflecting a highly positive and buoyant market sentiment, nearly 11,500 trade visitors from across the country thronged the show floor on the very first day in a serious buying mood. Conducted across two massive levels, the exhibition showcases an extraordinary range of sterling silver jewellery, bridal collections, antique lines, and cool minimalistic offerings. It also features a wide array of silver articles, including pooja articles, furniture, idols, artefacts, and a highly sought-after silver gifting segment.

The exceptional quality, variety, and innovation on display clearly demonstrated why SSI has become a revolutionary platform for promoting business networking, innovation, and growth within the segment.

Industry Insights

Varghese Alukkas, MD, Jos Alukkas said:

“The Silver Show has evolved into an important platform for the silver jewellery and lifestyle products industry. What stands out this year is the diversity of collections on display, the innovation in design, and the growing confidence among manufacturers and retailers alike. With silver gaining increasing acceptance across various customer segments, platforms like these play a crucial role in driving the industry’s growth. I congratulate the organizers for successfully creating a focused B2B ecosystem.”

Saurabh Gadgil, Chairman, PNG Jewellers said:

“The fourth edition Mumbai of SSI reflects the growing strength of the silver industry in India. The enthusiasm among retailers and buyers clearly indicates that silver is emerging as a preferred category across consumer segments. With the festive and gifting season ahead, platforms like SSI play a vital role in connecting the industry, driving business, and showcasing new trends.”

The Silver Show of India continues to serve as an invaluable B2B ecosystem, offering participants unmatched opportunities to discover new product lines, strengthen corporate relationships, and capture emerging consumer preferences.

The show floor witnessed an enthusiastic response from buyers and retailers as exhibitors unveiled innovative collections and product launches. Key highlights included:

Anmol Silver launched its Rudra Series, inspired by traditional Indian artistry and heritage craftsmanship.

Navkar Sterling Silver unveiled its Shell & Silver Collection, featuring elegant silver jewellery enhanced with mother-of-pearl, rubies, and emeralds.

Purple Jewels introduced TULIP – The Ultra Light Idols by Purple, showcasing technologically advanced 925 silver idols with exceptional detailing and finish.

Kraft Silver attracted attention with its extraordinary display of silver artefacts, including a magnificent silver cow, silver sofa, and innovative decorative creations.

Antaraa Silver showcased its exclusive range of premium silver accessories, luxury pens, and innovative lifestyle products, drawing appreciation from industry leaders and buyers alike.

Antariksh Jewellers, Chennai showcased an exquisite traditional pooja set.The collection which comprised a meticulously crafted

pooja thali, samai, chambu, bell, udarni, kamachi valak, and aarti.

MJR Silver showcased magnificent, oversized haaram. Emblazoned with the iconic MRJ logo, this masterpiece beautifully weaves together the rich tapestry of the brand’s diverse portfolio. Each intricate detail highlights their mastery of jewellery arts—from  kundan and the delicate precision of paper casting, to the modern innovation of electroforming and the soulful depth of hand nakashi work.

Ricchezza showcased Hollow Men’s RPT Jewellery comprising kadas, bracelets and neckwear.

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JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.

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