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DGFT Summit Explores E-commerce’s Role in Boosting Gem & Jewellery Export Potential

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The Directorate General of Foreign Trade (DGFT) hosted an E-commerce Export Summit at Bharat Mandapam, Pragati Maidan, on 11th March, gathering industry leaders to explore the growing potential of e-commerce in enhancing retail exports. Mr. Sabyasachi Ray, Executive Director of GJEPC, delivered a keynote presentation on ‘Enhancing Retail Exports through E-commerce.’

In his opening remarks, Mr. Ray emphasized the critical role of e-commerce platforms in driving growth for the gem and jewellery sector. He noted that e-commerce is particularly well-suited to this industry due to the low volume and high value of its products, making it ideal for cross-border trade. He expressed confidence that businesses in the sector will see substantial growth in the near future, driven by the accessibility and scalability of e-commerce.

Mr. Ray also provided insights into recent foreign trade policy reforms introduced by the Government of India. These regulatory changes have significantly eased e-commerce exports, contributing to the sector’s remarkable growth. Currently, India’s gem and jewellery exports total $38 billion, with projections aiming for $100 billion by 2047, largely fueled by the expanding e-commerce landscape.

He advised exporters to focus on identifying key product markets and understanding consumer preferences to secure repeat business. Additionally, he highlighted the recent partnerships formed by the GJEPC with major e-commerce platforms like eBay, Amazon, and DHL, aiming to provide a seamless export experience for its members.

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As Men’s Jewellery Gains Momentum, Sonani Jewels Bets on the Next Big Luxury Opportunity

Sonani Jewels launches its first men’s lab-grown diamond collection as self-expression and conscious luxury redefine jewellery trends.

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For decades, the jewellery industry has largely catered to women. Campaigns celebrated brides, heirlooms and gifting traditions, while men remained passive participants—buying jewellery for loved ones but rarely for themselves.

According to The State of Fashion 2026 by The Business of Fashion and McKinsey & Company, jewellery is expected to be the fastest-growing fashion category through 2028, with annual unit growth of 4.1%—almost four times that of apparel. More significantly, the report reveals that 35% of men say they are purchasing more jewellery for themselves today than they were just two to three years ago, signalling a fundamental shift in consumer behaviour. Men’s and gender-neutral jewellery have also emerged as one of the industry’s most promising growth segments.

For Sonani Jewels, this isn’t just another market trend—it’s the beginning of a new chapter in luxury. Established in 2006, Sonani Jewels has built its legacy on craftsmanship, trust and timeless design. Today, the brand is embracing the future of fine jewellery by combining heritage with innovation through its lab-grown diamond collections, catering to a new generation of consumers who value individuality, sustainability and conscious luxury.

The modern consumer is no longer purchasing jewellery only for milestones. Increasingly, jewellery has become an extension of personal style—whether at work, while travelling, at celebrations or as part of everyday dressing. From rings and bracelets to pendants and diamond accessories, men are embracing jewellery as an expression of confidence and identity.

However, despite this cultural shift, the retail experience has been slow to evolve. Most jewellery stores continue to focus predominantly on women, leaving men with limited options designed specifically for their tastes, lifestyles and aspirations.

Recognising this gap, Sonani Jewels has introduced its first dedicated Men’s Collection—a contemporary range of lab-grown diamond rings, bracelets, pendants, chains and earrings designed for the modern man who views luxury as personal rather than prescriptive.

Commenting on this shift, Agastya Sonani, Founder of Sonani Jewels, said:

“Luxury has evolved dramatically over the past decade. Men have always invested in premium watches, bespoke tailoring and accessories, but diamonds have rarely been positioned as part of their everyday style. We believe that perception is changing, and the industry must evolve alongside the consumer.”

He further added, “Our Men’s Collection is not just about introducing new products; it’s about acknowledging an audience that has long been underserved. We want to create a jewellery experience where every individual who walks into a Sonani showroom feels represented. Jewellery today is less about gender and more about identity, confidence and self-expression.”

The launch also reflects the growing acceptance of lab-grown diamonds among younger luxury consumers. The McKinsey x Business of Fashion report projects that lab-grown diamonds could account for nearly half of all diamond jewellery unit sales by 2030, driven by innovation, accessibility and changing consumer values. Consumers today are investing in fine jewellery not only to celebrate milestones but also to celebrate themselves.

For Sonani Jewels, this evolution extends beyond launching a new collection. It is part of a broader vision to redefine modern luxury through transparency, craftsmanship and innovation while making fine jewellery more relevant to today’s lifestyles.

As fashion continues to blur traditional boundaries and luxury becomes increasingly personal, men’s jewellery is no longer a niche category—it is emerging as one of the industry’s most exciting opportunities. With its dedicated Men’s Collection, Sonani Jewels aims to contribute to this shift by creating jewellery that celebrates individuality rather than convention.

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