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2026 THE ROAD AHEAD: Next year will see steady gold prices, increased momentum in silver, consumers will focus on  personalization and innovation

The brand scales to four profitable high-street stores in Bengaluru, touching ₹2 crore MRR in 11 months

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JewelBuzz spoke to a cross-section of industry and trade leaders to gaze into the crystal ball and reveal what 2026 holds for the jewellery sector. he jewellery industry is gearing up for a decisive shift in 2026, with leaders across the sector forecasting a year defined by value resets, consumer intention, cultural depth and design innovation.

The defining themes for 2026 point to an industry shaped by steady gold prices and stronger momentum in silver, particularly within contemporary designs. Consumers are becoming increasingly intentional, personalized in their tastes, ethically aware and deeply connected to cultural identity.

Modest gold appreciation and more volatile silver are expected. Retailers offering transparency, traceability and flexible finance will win, as manufacturing adopts precision machinery and designers collaborate with technology for globally competitive collections. Joy Jain , Director, Padmavati Chains & Jewels Pvt. Ltd. highlights a balance of tradition and innovation and  says lightweight gold demand will rise.

For Chetan Thadeshwar Chairman & MD, Shringar House of Mangalsutra Ltd, 2026 strengthens the cultural core of jewellery—especially Mangalsutras. Brides will seek designs that honour tradition yet offer daily comfort.

According to Manoj Jha MD, Kamakhya Jewels Limited, 2026 will be a year of refined innovation.

Gold should stay steady to mildly higher, with silver gaining industrial and investment traction Khushboo Ranawat Director, SwarnShilp Chains & Jewellers Pvt Ltd says Gold and silver remain steady with slight upward bias. Younger consumers will embrace everyday luxury, ethical sourcing and transparency.

Yash Aggarwal

Heritage-led jewellery and personalised craftsmanship will outshine mass retail. Yash Agarwal Creative Director, Birdhichand Ghanshyamdas Jewellers expects 2026 to push the industry toward minimal luxury—fewer pieces, but with deeper emotional and asset value.

Sankesh Surana, Partner,Sankesh Surana Studio says consumers will choose pieces grounded in craftsmanship, storytelling and responsible sourcing.

The jewellery industry is gearing up for a decisive shift in 2026, with leaders across the sector forecasting a year defined by value resets, consumer intention, cultural depth and design innovation.Vandana Mahesh Jagwani Creative Director, Mahesh Notandass & Founder,Vandals predicts a fundamental reset: 2026 will see jewellery move from “material worship” to meaning, story and identity. Lab-grown diamonds will accelerate into the mainstream, powered by transparency, design freedom and smart pricing.

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Design directions will favour lightweight luxury, heirloom-inspired pieces, mixed diamond shapes and elevated daily-wear styling. On the business front, digitization, faster design and production cycles, advanced manufacturing and compelling brand storytelling will drive competitiveness. Ultimately, the winners will be brands that seamlessly blend creativity, authenticity and operational excellence.

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JB Insights

The Woman Wearing The Diamond Was Never The One The Ad Was Talking To

Disha Shah, Founder & Designer, DiAi Designs Says That The Brands That Shift From “She Deserves It” to “She Chose It” Won’t Just Win Cultural Relevance – They’ll Own The Future Of Jewellery Marketing.

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Indian jewellery advertising has always centred the woman. She has been the face of every campaign, draped in gold, luminous at the occasion, receiving the gift with practised grace. What she rarely was, until recently, was the intended audience.

The creative language of the category was built around a genuine economic reality. For decades, the buyer in Indian fine jewellery was the patriarch, the husband, the father, the family elder making a financial decision on behalf of a woman whose purchasing autonomy was limited. Advertising followed the money. The gift reveal, the bridal close-up, the family approval shot: these were not arbitrary creative choices. They reflected who held the purse strings, and they became so embedded in the category’s visual grammar that they outlasted the conditions that created them by an entire generation.

That structural reality has now reversed. Jewellery purchases now extend beyond weddings and festivals to daily wear, driven by financially independent working women. The self-purchasing woman is no longer an emerging segment; she is the category’s fastest-growing buyer, approaching the decision differently from the buyer the industry originally designed itself around. She is not waiting for an occasion. She is not waiting for someone to present a box. She researched the piece, chose it, and bought it because she wanted it.

The advertising, for the most part, has not caught up.

Some brands are beginning to recognise this. CaratLane’s #WearYourWins movement and Tanishq’s sustained push toward the “woman as decision-maker” are meaningful steps. But what makes these campaigns commercially smart is not just cultural alignment. Research from Harvard Business School finds that women systematically provide less favourable assessments of their own performance and potential than equally performing men. This documented self-promotion gap persists even when women know they have outperformed others. Campaigns that actively celebrate female self-recognition are not just filling a creative gap. They are responding to a behavioural reality that has gone largely unaddressed in the category. The brands doing this well are not being progressive for their own sake. They are being accurate about who their buyer is and what she needs to hear.

Look at the Women’s Day 2026 campaigns across the industry. The conversation is clearly starting to pivot. Brands are finally stepping away from the usual gifting tropes and reframing jewellery as a tool for personal milestones and self-expression. But these remain exceptions. The dominant campaign language of Indian jewellery- the gesture, the reveal, the woman being seen rather than deciding- has not structurally changed.

The media mix tells the same story. Titan leaned heavily on television in FY25, with ad volume surging to 77% of its mix, a broadcast medium built for household reach rather than the individual, financially independent woman who now represents the category’s fastest-growing buyer.

Meanwhile, digitally native BlueStone achieved 50% of online jewellery ad volumes on a budget nearly ten times smaller than Titan’s. The channel that reaches the self-purchasing woman directly is delivering outsized results on a fraction of the spend. The implication for where the industry should be directing its creative attention is fairly clear.

Consider what a brief genuinely written for this buyer would look like. No occasion in the shot. No second person in the frame presents anything. The opening line is not “for the woman who deserves to be celebrated.” It is “she saw it, she wanted it, she bought it.” The product earns its place not through sentiment but through desire. The copy does not explain why she is worth it. It assumes she already knows. That is not a tonal adjustment. It is a fundamentally different creative architecture, and very few briefs in this category have been written that way.

The LGD category has a specific opportunity here that established houses do not. Without decades of legacy campaign language to protect, an independent designer in this space can build advertising from a blank page, one written entirely around the woman who is actually making the purchase. The brief does not have to accommodate inherited assumptions about who the buyer is or what she is waiting for. That is not a small advantage. In a category where the dominant creative language was built around a buyer who is no longer the one making the decision, starting without that inheritance may be the most powerful creative position available.

The woman wearing the diamond has always been visible. What is changing now is who gets to decide. The brands that build their creative around that reality will not just be more culturally relevant. They will be better positioned for every year that follows. The advertising has not caught up yet. But the buyer already has.

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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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