JB Insights
Consumers seeking jewellery that blends tradition with modernity, self-expression, and craftsmanship
The festive season in India is a critical period for the jewellery industry, driven by cultural traditions, gifting rituals, and consumer sentiment. Diwali, followed by the wedding season, inspires purchases that are both emotional and investment-oriented. Despite high gold prices, consumer confidence is on the rise, with buyers seeking jewellery that blends tradition with modernity, self-expression, and craftsmanship. Across the spectrum—from gold and platinum to diamonds, both natural and lab-grown—retailers report strong demand for designs that are meaningful, versatile, and contemporary, reflecting evolving tastes across generations. The following quotes capture the perspectives of leading industry figures on this year’s festive trends.
Consumer Trends and Jewellery Preferences

Suvankar Sen, MD & CEO – Senco Gold & Diamonds
“Consumers are ringing in Diwali celebrations with meaningful and versatile gold jewellery. Younger buyers are opting for diamond jewellery designs that are lightweight and contemporary but with a touch of traditional elements. Emotional purchases and festive cheer continue to drive gold, diamonds and platinum purchases this season. At Senco Gold & Diamonds, consumers can choose from a range of popular, festive collections including our ‘Elements of Nature’ range and Aham – a specially curated collection for men.”
“Senco’s offerings cater to a wide range of price points — from Rs.25,000–Rs.50,000 for young diamond buyers, Rs.50,000–Rs.5 lakh for festive and occasion wear, and Rs.5 lakh–Rs.20 lakh for wedding jewellery.”
Lisa Mukhedkar, Founder & CEO – Aukera
“This festive season, jewellery continues to be a key choice for gifting and self-expression, with consumers drawn to pieces that are meaningful and unique. At Aukera, we see a growing preference for grown diamonds, especially our signature Infinity Diamond^TM — meticulously co-created with Dr Jai Madaan, based on ashta lakshmi, to attract prosperity and abundance.

Buyers are increasingly valuing both the brilliance and the story behind their jewellery, making thoughtful gifting more important than ever. With optimism and celebration in the air, we anticipate a strong festive season, driven by consumers seeking designs that capture joy, personal milestones, and lasting memories.”

Anurag Lunia, COO – Solitario Diamonds
“This festive season, we’re witnessing a strong surge in consumer confidence and intent to purchase since we have kicked off our vermeil campaign. Jewellery has always been an emotional investment in India, and this year, the sentiment is driven by self-expression and conscious luxury. Customers are leaning towards designs that reflect individuality and value, rather than just occasion-led purchases. At Solitario, our lab-grown diamond collections are seeing exceptional traction, especially as consumers appreciate the blend of authenticity, innovation, and responsible brilliance that defines the modern festive spirit.”
Subhasis Roy, Director – Radha Gobindo Roy Grandson Jewellers
“This Festive season, we are quite positive about jewellery sales. The market sentiment is improving, and customers are showing more confidence in buying gold and diamond jewellery. In Cuttack and nearby areas, we are seeing good demand for bridal collections as well as lightweight daily wear pieces. People still consider gold a safe and auspicious investment, especially during the festive period. Customers are also looking for fresh designs. Overall, we expect a healthy growth this season with higher footfall and a strong festive mood.”


Hetal Vakil Valia, Jewellery Consultant & Industry Expert
“This festive season promises renewed sparkle for India’s jewellery market. With gold prices steadying and optimism returning, buyers are making thoughtful choices rooted in both emotion and value. I see a clear shift towards meaningful luxury—lightweight gold, bespoke craftsmanship, and lab-grown diamonds that reflect individuality. Consumers today want jewellery that celebrates who they are while holding lasting worth. It’s a season of mindful celebration, where every piece purchased is as much a statement of sentiment as it is of investment.”
Rupesh Jain, Co-Founder – Lucira
“This festive season, consumer sentiment is distinctly upbeat, people want to celebrate but with meaning. Shoppers are embracing lab-grown diamonds for their blend of purpose, personal significance and timeless design. While weddings and festivals still drive nearly two-thirds of India’s jewellery demand, at Lucira we’re consciously building balance.

Everyday wear, gifting, and self-purchase pieces are helping smoothen sales year-round. We expect a 40% uplift this festive period, led by lighter, versatile designs and solitaire-led statements. To meet this surge, we’ve scaled inventory, expanded touchpoints and are running campaigns across digital screens, hoardings, lift posters, pamphlets, and in-store events.”

Ramesh Kalyanaraman, Executive Director – Kalyan Jewellers
“Gold continues to be valued both as a long-term investment and as part of our traditions. With Diwali followed by the wedding season, purchases are occasion-driven rather than discretionary. Customers naturally plan within their budgets, but they continue to invest in jewellery for these key moments. The ongoing quarter has started off well, and we are encouraged by robust footfalls across all our major markets.
We are upbeat about the festive season, supported by healthy pre-bookings, fresh collections, campaigns, and the launch of 15 more Kalyan showrooms before Diwali. Overall, demand remains strong, and 22K and 18K jewellery continues to be the preferred choice for most customers.”
Dr. Joy Alukkas, Chairman – Joyalukkas Group
“The festive season in India has always been a celebration of love, prosperity and tradition. This year, we are witnessing an exceptionally positive consumer sentiment, with families eager to celebrate together and invest in timeless precious jewellery pieces that hold both, emotional and financial value. At Joyalukkas, we are delighted to make these moments even more meaningful with a flat 50% off on making charges across all our jewellery and also give customers our popular old gold exchange offer.

We believe these offers will not only inspire festive shopping and celebration, but also strengthen the deep cultural connection people share with gold during this auspicious time.”

Jignesh Mehta, Founder & MD – Divine Solitaires
“This Diwali season has been very promising for the jewellery industry, with strong festive sentiment and rising consumer confidence. Despite high gold prices, customers continue to purchase, believing it’s the right time to purchase. Interestingly, diamond jewellery has gained even more attention, as diamond prices have remained steady and, in some cases, slightly corrective. Consumers who once planned to buy gold are now turning towards diamonds, finding them more value-driven and aspirational.
The spending power is clearly increasing, and we’re witnessing remarkable growth from Tier 2 and Tier 3 cities. Our unique product, the Diamond Coin, has also received an exceptional response this festive season, reflecting the growing trust and preference for diamond jewellery among modern buyers.”
Dr. Chetan Kumar Mehta, President, Jewellery Division – IBJA; CMD – Laxmi Diamonds, Bengaluru
“This festive season, India’s jewellery story shines brighter than ever! Despite higher gold prices, the sparkle of consumer confidence is unmistakable. From timeless gold to radiant diamonds, chic platinum to versatile silver — every metal is finding its moment. Buyers are celebrating meaning, craftsmanship, and emotion, choosing jewellery that blends tradition with individuality.

Lightweight, design-forward, and investment-worthy pieces are ruling wishlists across metros and heartlands alike. Retailers, armed with fresh collections and festive campaigns, are ready to meet this wave of joy.”

Eshwar Surana, Managing Director – Raj Diamonds
“Buyers continue to value natural diamonds for their rarity, prosperity and heritage. Rising disposable incomes, the growing influence of GenZ and millennials, and a preference for meaningful investments are driving this demand. The overlap of festivals and the wedding season further amplifies diamond sales. With gold prices at record highs, demand for natural diamond-studded jewellery, crafted with minimal gold, has surged.
The bridal market, once dominated by gold, is seeing a strong shift toward natural diamonds that lab-grown or other gemstones can’t replicate. Consumers are also embracing 18-karat closed settings and 14-karat contemporary jewellery, reflecting modern tastes. Interestingly, diamond jewellery is gaining popularity among men, with collar cuffs, brooches, and zipper necklaces leading the trend.”
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.
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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