JB Insights
Akshaya Tritiya 2025: Positive consumer sentiment adds glitter and shine India’s jewellery sector

Jewellery retailers across India reported robust sales this Akshaya Tritiya, as consumers embraced both traditional and contemporary choices despite record-high gold prices. According to GJC Vice Chairman Avinash Gupta, estimated sales reached ₹20,000 crore across India, reaffirming gold’s enduring role in investment and celebration
While plain gold jewellery continued to be a festive staple, industry leaders observed a significant rise in demand for studded jewellery—particularly pieces featuring colored stones and rose-cut diamonds. Consumers are clearly leaning toward more personalized and expressive designs.
Retailers reported strong in-store footfalls and upbeat sentiment, with value growth projected at 20–25% despite a modest volume dip. The exchange of old gold is picking up, especially among wedding shoppers.
Lightweight and fusion jewellery styles are resonating with younger buyers, as the average ticket size shifted to the ₹1–2 lakh range. Trade experts highlighted a 10–15% sales increase over last year, supported by interest in daily-wear and versatile designs.
Online and offline channels are converging as jewellers adapt to evolving consumer behaviour. The younger demographic is looking for pieces that combine tradition with a modern twist.
With both heritage and innovation on display, this Akshaya Tritiya marks a pivotal moment in India’s evolving jewellery landscape. As India continues to navigate inflation, price fluctuations and changing tastes, the jewellery market—grounded in tradition but responsive to modernity—appears to be not just surviving, but thriving.

Rajesh Rokde – Chairman – GJC:The recent price fluctuations—peaking at Rs 99,500 as on 22nd April 25 and now down to Rs 95,000—have only reinforced buyers confidence in gold as a strong investment. Today, we observe two types of customers: those purchasing in the Rs 50,000 to Rs 5 lakh range, drawn to the festive rush, and high-value buyers investing Rs 10–15 lakh, who plan and book their selections days in advance to buy during the muhurat. With the drop in gold prices, the number of customers has notably increased, contributing to an impressive total sales figure of Rs 20,000 crore today. Furthermore, as the wedding season kicks off during Akshaya Tritiya, demand is expected to rise significantly in the coming days.
Avinash Gupta- Vice Chairman-GJC:Gold continues to be the cornerstone of investment and celebration in India, and today’s robust sales figures of approximately Rs 20,k crores underscore the unwavering trust buyers place in this asset. The festive and wedding season has further fueled demand, with customers carefully planning their purchases to make the most of favorable pricing. Additionally, the growing preference for lightweight jewellery reflects an evolving consumer mindset—seeking elegance and affordability without compromising on quality, also it was seen that young customers were keen on buying coins during Akshay Tritiya.


Dr Chetan Kumar Mehta
President – Jewellery Division, IBJA
President – JAB
CMD – Laxmi Diamonds: Bengaluru:Akshaya Tritiya has great significance, especially in South India which is the highest consumer of gold. Both, gold and diamond jewellery segments are seeing healthy sales this Akshay Tritiya. There was great demand for light weight jewellery. Also, bridal/ wedding collections saw good traction. Around 40-45 percent of consumers purchased light weight collections and about 20 percent were purchasers of bridal/ wedding jewellery.
Dr. Saurabh Gadgil -CMD- PNG Jewellers. :So far today, customer response has been very welcoming and appears to be at par with this year’s Gudi Padwa, which delivered exceptional sales for us. We are witnessing steady interest in gold, diamond and silver jewellery. Despite record-high gold prices, consumer sentiment remains upbeat, and people have accepted the price trend and are buying with confidence. While volume growth may see a marginal dip of 8–9%, value-wise, we expect to be up by 20–25%, which is a healthy sign of market resilience.
One clear trend this year is the increasing exchange of old gold, particularly among wedding shoppers. We are also seeing impressive traction in diamonds and other studded jewellery, which is driven by design appeal and relative value.


Aditya Modak – CFO / COO – P N Gadgil & Sons:Generally, every year, we get advance booking orders for Gudi Padva and Akshaya Tritiya, but this year, due to the fluctuation in gold prices, we received comparatively fewer booking orders. So today, like Padwa, we have witnessed a remarkable increase in foot traffic to our stores. Customers have shown tremendous enthusiasm and interest in our latest offerings, which has been truly encouraging. This positive response gives us hope that this Akshaya Tritiya will not only meet but exceed our expectations and be a very successful day for our brand.
We are excited to have Mithila Palkar as the face of our brand, as she embodies the values and spirit of our offerings. Our campaigns are designed to showcase our exclusive Akshaya Tritiya collection.
John Alukkas, MD-Jos Alukkas India Pvt Ltd. : This Akshaya Tritiya, we saw a strong turnout, reflecting the deep emotional and cultural connection people have with the festival. While overall purchases were more measured compared to previous years—understandably so, given the record-high gold prices—what stood out was the enduring trust and belief of the Indian consumer in gold as a timeless investment. Their resilience and discernment continue to inspire us.


Colin Shah-MD, Kama Jewelry:This year, an interesting trend has surfaced on the auspicious occasion of Akshaya Tritiya. People are investing heavily in gold coins. This comes with the backdrop of landmark rise in gold prices. Alongside, the sale of studded jewellery up to INR 2 lakh has witnessed a spike in demand this season.
On the other hand, young buyers are opting for daily-wear lightweight jewellery over traditional heavy jewellery, which indicates a rise in average ticket size of jewellery pieces between INR 1 lakh to 2 lakh.Overall, a rise of approximately 10-15% is witnessed in terms of sales as compared to last year.
Vastupal Ranka -Director – Ranka Jewellers & Rare Jewels, A Ranka Legacy: Consumer interest in both classic gold pieces and portable, everyday wearables has significantly increased this year. Consumers are looking more and more for designs that are both emotionally and culturally significant and worth investing in. Also the correction of rate by 7 percent has led to increase in sales.
Akshaya Tritiya continues to be a monument to the ageless association between gold and auspicious beginnings, as internet channels continue to develop alongside in-store foot traffic. Younger people today prefer fusion and personalized jewellery, which combines traditional design elements with contemporary styles.


Ramit Kapur- MD, GSI India:While plain gold jewelry continues to be a traditional favourite during Akshay Tritiya, this year we’ve observed a clear uptick in studded jewelry across key Indian markets. Though diamond jewelry remains popular in the studded category, we have been seeing growing consumer interest in colored stone jewelry and classic jewelry with rose cut diamonds. Certification data from our labs shows a sharp rise in submissions for these categories, signaling a shift in buyer preferences toward more expressive and personalized choices. The share of studded jewelry in the demand mix has grown over 15% compared to previous year, indicating that consumers are looking beyond the conventional and embracing individuality even in festive purchases.
Ramesh Kalyanaraman- ED- Kalyan Jewellers: We witnessed encouraging momentum during Akshaya Tritiya, with healthy footfalls and traction across our outlets in India, the Middle East, and the USA. consumer preferences leaned towards gold, particularly in the lightweight jewellery category, with notable traction in rings, earrings, pendants, and chains. The diamond category also saw good movement, especially within lightweight designs. In line with traditional buying behaviour ahead of weddings, we observed a significant number of Thaali orders and purchases,. Gold coins continued to be a preferred choice among customers, alongside strong demand for silver – both in coins and artefacts.


MP Ahammed-Chairman, Malabar Group:Despite the elevated gold prices, we witnessed strong demand for gold jewellery at our stores across the country this Akshaya Tritiya. This reflects the deep-rooted cultural affinity for the yellow metal and the traditional significance of the day for gold purchases. Customers visited our showrooms for both investment-driven and occasion-based purchases, with the ongoing wedding season further boosting demand. We anticipate this positive momentum to continue in the coming days.
Anantha Padmanabhan-CMD-NAC JEWELLERS Pvt Ltd:Akshaya Tritiya brought a wave of positivity and trust to our brand today. Despite high gold prices, customer enthusiasm remained strong. We’re equally delighted by the response across diamonds, platinum, and silver. Even at 9pm we had customers across all showrooms.


Richa Singh-MD- India and Middle East , NDC:This season, we’re seeing strong demand for lightweight diamond jewellery, especially among younger consumers, who are choosing pieces for everyday wear. It reflects a growing shift, natural diamonds are no longer reserved just for special occasions. Today’s consumers want to celebrate everyday moments, making natural diamond jewellery a part of their daily lives, reflecting their individuality.
Natural diamonds are woven in Indian culture, with heirlooms being passed down from generations to generations. They are carriers of memories and emotions, making them very important to familial tradition, proving to be not just a symbol of our love but also a long term investment.
Dr. B.Govindan , Chairman, Bhima Jewellery, Trivandrum:This Akshaya Tritiya we are witnessing a steady and positive consumer sentiment. The number of customers has increased significantly compared to last year. Customer footfall has increased by nearly 60%, reflecting the strong emotional and cultural connect with this auspicious day. While the quantity of individual purchases may have slightly reduced, but the number of transactions and advance bookings have surged, resulting in nearly double the sales compared to last year. Based on current trends, we anticipate an even stronger turnout in the evening hours, with families continuing to choose Bhima as their preferred destination for timeless jewellery. We are truly grateful for this continued support and goodwill.


JB Insights
Birdhichand Ghanshyamdas Jewellers: Timeless legacy rooted in heritage, craftsmanship and luxury

Birdhichand Ghanshyamdas Jewellers is a legacy rooted in decades of traditional jewellery-making, blending age-old craftsmanship with modern design sensibilities. Reflecting the grandeur of Indian luxury, each piece celebrates the rich heritage of Jaipur through intricate detailing, rare gemstones, and artistic excellence. The jewellery goes beyond ornamentation—it’s a reflection of identity, culture, and timeless style. Yash Agarwal – Creative Director – Birdhichand Ghanshyamdas Jewellers speaking to JewelBuzz underlines how by preserving tradition while embracing innovation, Birdhichand Ghanshyamdas creates heirlooms that echo India’s history and continue to inspire future generations.


How do you define the legacy of Birdhichand Ghanshyamdas Jewellers?
Birdhichand’s legacy is rooted in decades of traditional jewelry-making and craftsmanship. We’ve preserved our heritage by blending age-old techniques with modern designs, creating timeless pieces that reflect Indian luxury. Our legacy is about artisanal excellence, authenticity, and celebrating the rich history of Jaipur. Our pieces not just showcases style statement but a reflection of one’s identity, embodying the excellence of timeless Indian luxury.


Explain the USP of your brand.
Our USP lies in our intricate designs and unique craftsmanship which narrates a legacy in itself. From the bold polki patters to coloured gemstones and enamel work, every piece is a statement and represents Jaipur culture and the city’s vibrant history. Our jewellery is rich in heritage while also fashion forward for those looking for traditional pieces with a modern element.
What is your design philosophy?
At Birdhichand, our main philosophy is reviving our culture through our designs. India and Rajasthani architecture has been spoken about since ages and we wanted to relive those designs with our jewellery through meticulous craftsmanship, coloured and rare gems and bold statement pieces. Our aim is to create jewellery that our timeless and can be passed on through generations.
Kindly provide details of your product offerings, bridal & jewellery collections.


Our collections showcase exquisite bridal pieces and contemporary designs, blending traditional Indian heritage with modern designs. From intricately crafted polki jewelry to vibrant colored gemstones, our pieces range from statement-making occasion wear to versatile essentials. Our diverse offerings include earrings, hathphools, chokers, rings, and brooches – each beautifully curated to celebrate the richness of Indian craftsmanship with a modern twist.
How do you ensure that your jewellery designs reflect Jaipur’s cultural heritage while appealing to the evolving tastes of younger generations?
Our journey began in Jaipur, a city that has eternally inspired us with its vibrant culture and stunning architecture. We draw muse from the city’s intricate designs and majestic structures, reinterpreting them through a modern lens to create pieces that resonate with contemporary trends. Our designs seamlessly blend Jaipur’s rich legacy with bold, expressive sensibilities, reflecting the perfect harmony of tradition and modernity.
What role does sustainability play in your sourcing of materials and crafting processes for your jewellery collections?
Sustainability is a collective responsibility, not a choice. We’re committed to ethical sourcing and craftsmanship, ensuring our diamonds are not only beautiful but also responsibly sourced. Our skilled artisans, masters of Kundan and Meenakari techniques, carefully craft each piece as a timeless heirloom designed to last generations – a testament to our dedication to quality, tradition, and conscious luxury.
How does your brand differentiate itself from other traditional jewellery makers in Jaipur in terms of craftsmanship and innovation?
While many traditional jewellers focus on preserving legacy, Birdhichand seeks to balance heritage with innovation. We reimagine ancient architectural techniques through a modern lens, experimenting with color, pattern, and storytelling to create unique pieces. Every creation by our master artisans is a work of art, blending timeless tradition with contemporary flair.
What specific measures have you taken to make your jewellery accessible to a global audience without compromising its cultural authenticity?
We’ve taken a thoughtful approach to sharing our heritage with a global audience. Our aim is to reinvent traditional designs with modern elements, staying true to their authentic roots. Each piece tells a story, which we share through luxury exhibitions and digital platforms. This approach allows our audience to understand the heritage behind every creation, showcasing how our jewelry seamlessly blends modern sensibilities with timeless tradition. By leveraging both physical and digital channels, we’ve made our culturally rich jewelry accessible worldwide while preserving its authenticity.


How do you incorporate modern technology, such as AI, in jewellery designing?
AI and technology play a supporting role in our design process, augmenting the creativity of our skilled artisans. Rather than replacing traditional craftsmanship, AI serves as a tool to help build intricate design patterns, experiment with new ideas, and visualize complex geometries. Meanwhile, our artisans bring depth and storytelling to each piece, ensuring a perfect blend of tradition and innovation.
Where does Birdhichand Ghanshyamdas Jewellers see itself in the coming years? What is the roadmap?
Our vision is to transcend geographical boundaries, expanding our presence beyond Jaipur and Delhi to global markets. Through strategic pop-ups, exhibitions, and collaborations, we aim to create immersive experiences that showcase the richness of Indian craftsmanship. By fusing traditional designs with modern aesthetics, we aspire to establish Birdhichand as a global ambassador of Indian jewelry, sharing our heritage with audiences worldwide.
Where is Birdhichand Ghanshyamdas Jewellers’ presence beyond the Indian market?
While are roots remain in Jaipur, we have extended our presence internationally with clientele in UK, UAE, Bahrain, Singapore, and Riyadh. We have a strong retail presence in Doha and Dubai which allows us to engage with the international audience that values our Indian craftsmanship.
JB Insights
LGDs are fundamentally changing the definition and accessibility of luxury

Over the past year, GIVA has witnessed a growing demand for LGDs, driven largely by millennials and Gen Z. Ishendra Agarwal, CEO and Founder, GIVA speaking to JewelBuzz underscores the fact that LGDs offer timeless beauty with lower environmental impact, aligning with modern values and redefining fine jewellery in India. GIVA is leveraging their flexibility and affordability to democratize aspiration, delivering high-quality, customizable designs. As LGDs gain traction, GIVA aims to lead the shift toward a more inclusive, responsible, and innovative jewellery future.

- Over the last year, consumer preferences have noticeably shifted toward conscious luxury. How is GIVA seeing this trend play out in terms of demand for lab-grown diamonds, especially among millennials and Gen Z?
We’re seeing a clear shift in the way younger consumers define luxury. Millennials and Gen Z are leaning into purpose-driven purchases, where beauty meets responsibility. Lab-grown diamonds (LGDs) align perfectly with this ethos, offering timeless clarity and shine with a conscious edge. At GIVA, the response has been phenomenal. We’re witnessing a steady rise in first-time fine jewellery buyers choosing LGDs because they reflect both their style and values.
Our Mother’s Day collection was met with a fantastic response, especially popular were our earrings and pendant sets, along with 18K rings and earrings that saw strong customer interest.

- Lab-grown diamonds are being touted as the next big thing in fine jewellery. What makes this category so exciting for GIVA, and how do you see it reshaping the future of the jewellery industry in India?
Lab-grown diamonds are more than a passing trend; they are fundamentally changing the definition and accessibility of luxury. GIVA is enthusiastic about their potential to merge innovation, ethical considerations, and elegance, appealing to today’s environmentally aware customers. LGDs provide greater design possibilities, promote sustainability, and offer more accessible price points, making fine jewelry more inclusive and forward-thinking. As their popularity increases, lab-grown diamonds are expected to significantly reshape India’s jewelry market.
- Lab-grown diamonds offer the charm of fine jewellery at a more accessible price point. How is GIVA using this to democratize aspiration, making premium design and craftsmanship available to a wider audience?
We’ve always believed that luxury should feel personal and not out of reach. Lab-grown diamonds allow us to deliver exceptional craftsmanship, meaningful design, and lasting brilliance at a price point that’s more accessible.

At GIVA, we’re not just offering jewellery; we’re creating opportunities for more people to celebrate life’s moments with pieces that reflect both value and values. Whether it’s a first fine jewellery purchase or a conscious choice for love, LGDs are helping us democratize aspiration without compromising on quality or emotion.
- Sustainability has become a buzzword across industries — but what does it mean in the context of lab-grown diamonds?
In the world of jewellery, sustainability means transparency, responsibility, and innovation. Lab-grown diamonds are created in controlled environments with significantly lower environmental impact. For GIVA, embracing LGDs is part of our commitment to a cleaner, kinder future, where beauty doesn’t come at the planet’s expense. And we’re committed to educating our customers about why that matters.
- With LGDs offering more flexibility in size, shape, and quality — how has this impacted GIVA’s approach to product design and innovation?
Lab-grown diamonds have unlocked a new dimension of design freedom for us at GIVA. With greater flexibility in size, shape, and quality, we at GIVA are able to now experiment with cuts and settings that were previously limited by cost or sourcing constraints.
This has led to bolder, more intricate designs and importantly, the ability to offer made-to-order pieces that reflect personal stories and preferences. From concept to creation, we’re able to deliver variety, brilliance, and customization at a pace and price that today’s consumer expects.
- Do you foresee lab-grown diamonds becoming mainstream in India? And what role will GIVA play in building this next chapter of modern jewellery?
Yes, we believe lab-grown diamonds are on the cusp of becoming mainstream in India. As awareness builds and barriers fall, LGDs will define a new era of jewellery that is aspirational yet ethical, premium yet personal. At GIVA, we see ourselves at the forefront of this change, driving education, expanding access, and building a brand that evolves with the modern consumer.

- Trade and industry needs to strictly adhere to the ethical guidelines of LGD declaration. What is the level of this compliance in industry and retail trade?
Transparency is the cornerstone of trust in the jewellery industry, especially with an emerging category like lab-grown diamonds. While awareness and compliance around LGD declaration are steadily improving, there’s still work to be done across both trade and retail.
Leading brands and responsible retailers are taking clear steps to label LGDs correctly and educate consumers about their origin, quality, and value. However, consistent industry-wide adherence to ethical guidelines is critical to protect consumer trust and ensure the category’s long-term credibility. As the market matures, we expect stricter self-regulation and more informed choices, both from sellers and buyers.
By Invitation
How seasonal discounts are decisive factors in increasing Jewellery sales
By Shivaram A

Festivals and auspicious occasions are intricately woven into the tapestry of Indian culture and the Indian jewellery trade. Every second month comes up a festival or auspicious occasion and with it comes a downpour of discounts and deals. The Indian customer is ready to lap up the discount offers like milk and honey! So, like other retail businesses, the jewellery retail industry too, depends on seasonal offers and discounts to increase the sales.
Why do seasonal discounts and offers matter?
● The Indian calendar is dotted with festivals and occasions every month. Such festivities are normally associated with jewellery purchase to augur good fortune to the family. To attract customers, offering special festival discounts have become the norm.
● During festivals like Diwali or Pongal, the government employees get their bonus which is a bulk amount used often for investment in gold. To lure the customers to invest heavily in gold purchase, higher discounts are offered.
● Certain auspicious days like Dhanteras or Akshaya Tritiya are specifically linked with gold purchase as families buy gold on these days and worship God with gold coins.
● Occasions like Valentine’s Day, Father’s Day and Mother’s Day are being highlighted recently to push sales further with special offers.
● Certain festivals like Varalakshmi Pooja, Karva Chauth or Vijayadashami have become occasions for women to buy new jewellery. With gold being such a high-priced commodity, frequent purchases are not easy for an average customer. Thus, the only option for a retailer is to offer such discounts and offers during festivals to boost sales.

How to boost jewellery sales using seasonal discounts and offers
- Read your customers Assess the footfall of customers during festive seasons. This
may vary from one shop to another shop in another location depending onthe type of customers you cater to- For example. middleclass customers find it convenient to purchase gold during Diwali, New Year or Akshaya Tritiya. For theaffluent, every day is an occasion.
● The locality your store is in- If your store is located in a North Indian niche, you can expect customers during Dhanteras. In a South Indian locality, Akshaya Tritiya, Onam, Uganda, Pongal, Diwali or Dussehra are the best for buying gold. In a Muslim dominated area, sales are bound to shoot only during weddings. Christians normally purchase gold for their engagements and weddings or during Christmas. Make a list of the days or occasions where you had maximum sales. Some festivals may attract crowds to your store but how many actually bought and why? Analyse.
How seasonal discounts are decisive factors in increasing Jewellery sales
1. Offer a seasonal discount only if it is worth it.
During a festival, every jeweller in town is offering a discount and the competition is intense. Do not just join the competition blindly and offer heavy discounts. Instead, evaluate whether giving a discount of this size has worked for you earlier. If not, you can test-market by offering this discount moderately for a few days and judge the outcome. Offer a seasonal discount only if you think it is worth the trouble. or if you are desperate to liquidate stock.
2. Be different in your discounts
10% off on making charges, zero wastage- all this has become common phrases during festive time. Try something different.
● Tanishq offered a 20% discount on making charges with an additional 5% with State Bank debit and credit cards
● GRT offered silver items free for the weight of gold etc.
● PC Jewellers has cleverly coined its discount deal as “20% off on diamond jewellery” and “20% off on making charges of gold jewellery”. Here the 20% looms large and draws the customer to the store.

● Durga Jewellers of Bangalore goes a step further with its ‘Buy 1, get 2 ” offer on Solitaire jewellery.
3. Make an impact with the discount offer
Evolve print or social media campaigns based on this discountoffer and spread the word around. Intimate your customers of this offer by email, SMS, voice call, WhatsApp or FB messages. Make sure that your discounts make an impact on the customer and draw her to your store. Kamdhenu Jewellers of Chennai has marketed this ad across Facebook and received good response.
4. Special discounts as a mark of loyalty or regular purchase.
Discount depends on your discretion. Turn it into a favourable asset. Yes, it is possible if you offer discounts to
● Loyal customers who have been purchasing jewellery from you for ages, from generation to generation.
● Customers who have brought in many referrals through friends and relatives.
● Frequent shoppers who make small but regular purchases. This not only enhances your customer loyalty but also assures of more purchases in the future years.
The How, When and Why of discounts
It is not just the discount that matters. It is the How, When and Why that matter.
1. How– How do you present your discount? A 20% off on diamond jewellery sounds lame but a Celerio car or an LCD TV sounds huge. The price of both may be equal but, to the customer, yes, the physical representation as a car has great bearing like in this ad.
2. When -When to offer the discount? Offer discounts when your competitors are not even close. Make a difference in the timing of the discount to render it exclusive.
3. Why –Why are you offering the discount? Convey the reason for the discount to the customer- as a
● Festive gift
● Profit-sharing measure
● Mark of the customer’s loyalty.
This will increase the respect and trust among your regular customers. Dishing out discounts, anyone can do. But offering well thought out discounts is the key to successful jewellery retailing.

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