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2026 THE ROAD AHEAD  Trust, Transparency, Technology, Transition (to organized retail)

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As the Indian jewellery industry approaches 2026, the sentiment among industry leaders is overwhelmingly positive. Despite anticipated fluctuations in metal prices and global economic uncertainties, the sector is poised for robust growth. The market is witnessing a decisive paradigm shift characterized by a transition from unorganized to organized retail, a surge in demand for lightweight and lower-karat jewellery, and the integration of advanced technology, including Artificial Intelligence (AI), into retail operations.

Rajesh Mehta

The financial outlook for the sector remains bullish. Rajesh Mehta, Chairman & Joint MD of Khazanchi Jewellers Ltd, highlights the immense scale of the market, noting, “Indian Gems & Jewellery industry is of Rs.7.31 lakh crores in the year 2025 and has potential to grow to Rs.11 lakh crores by 2030.”Mehta further predicts that gold and silver prices are expected to increase by 20–25% in 2026, driven by central bank investments and shifting consumer sentiments. He describes the cultural significance of the metal, stating, “Gold has always played a role of a third child, making life easy for families who hold gold, which acts as a strong hedge against inflation.”

Echoing this bullish sentiment, Paras Rajesh Rokde, Director of Rokde Jewellers Limited, notes that “Gold is likely to stay bullish—leading to firm prices with sharp festive-season spikes.” He adds that silver will play a “crucial supporting role” driven by affordability and industrial usage.

Product Trends: The Rise of Lightweight and Lower-Karat Jewellery A consistent theme across all leadership forecasts is the consumer shift toward “accessible luxury”—jewellery that is lightweight, design-led, and suitable for everyday wear.

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Ramesh Kalyanaraman, ED-Candere by Kalyan Jewellers, Looking ahead to 2026, we believe the next phase will be defined by conscious consumption. Customers are increasingly evaluating brands on transparency, sustainability and values—whether through interest in lab-grown diamonds or demand for complete hallmarking clarity. Candere’s strategy is therefore centred on building a future-ready retail ecosystem that blends heritage credibility with modern design, technology and trust-remaining deeply aligned with the aspirations of today’s indian consumer.

Indian jewellery buying is shifting from asset-led purchases to self-expression and self-reward, and this is directly shaping Candere’s retail strategy. Younger consumers are embracing every day, self-led purchases, fuelling demand for lightweight jewellery. With high gold prices, design-led, versatile pieces are gaining preference, alongside growing expectations around transparency, personalisation and conscious consumption.

 Saumen Bhaumik, MD of CaratLane, observes that “Indian consumers have shown adaptability—choosing lighter, design-forward pieces,” and predicts a wider adoption of lower-karat gold and diamond-studded silver designs. Daily Wearability: John Alukkas, MD of Jos Alukkas, points out that the shift to 18kt and 14kt “naturally allows for lighter constructions without compromising on design or durability,” aligning with the growing demand for stylish jewellery that can be worn comfortably every day.

As metal prices soar, the industry is moving toward 18kt, 14kt, and even 9kt gold. Rajesh Mehta notes that demand for “minimal jewellery in lower carat (18ct, 14ct & 9ct) will increase.”

Rahul Desai, MD & CEO of IIG, reinforces this, predicting a “decisive shift toward lighter, smarter, and more accessible luxury, driven by the rise of 9K jewellery.”

Pankaj Jagawat,MD-Utssav CZ Gold Jowels Ltd, The Indian jewelry industry is poised for consistent growth in 2026, pushed by rising customer self-assurance, deeper virtual adoption, and the accelerating shift closer to prepared retail. This momentum is further supported through developing domestic intake, growing urbanization, and solid export activity.

While high gold charges, regulatory changes, and financial uncertainty may also create intermittent pressures, gold and silver prices are expected to stay company with periodic volatility, encouraging customers to prioritise light-weight, layout-led and hallmarked merchandise.

Consumer Behavior: Trust, Transparency, and Organized Retail: The market is rapidly formalizing, with consumers prioritizing trust and experience over mere volume.

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This sentiment is shared by Paras Rajesh Rokde, who predicts that in 2026, consumers will “give priority to certified purity, transparent pricing, and reliable buyback policies,” with significant growth expected in Tier-2 and Tier-3 cities.

Furthermore, John Alukkas highlights that buyers are exploring diverse materials, noting that his brand is “expanding focus on natural diamonds, precious stones, and high-demand lightweight jewellery” to cater to customers who prioritize value and originality.

The AI Era 2026 is projected to be a landmark year for the integration of technology in retail. Saumen Bhaumik envisions an industry with a “greater emphasis on trust, transparency, and technology-led experiences.”Taking this forecast further, Rahul Desai asserts that “AI will move from theory to practice.” He believes that 2026 will mark the true beginning of AI-enabled retail, stating: “Every retailer, small or large, will integrate at least one intelligent system, no matter how small.”

Call for for customised and ethically sourced jewelry will continue to bolster, mainly among more youthful consumers.

As the Indian jewellery industry hurdles toward 2026, it stands at the cusp of a transformative AI era, where trust, transparency, and technology-led experiences redefine consumer engagement. Organized retail gains momentum as buyers favor authenticity and immersive interactions over sheer volume, formalizing a market ripe for innovation.

source :JBExclusive

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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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