National News
Diwali 2025 sales hit a record Rs. 6 lakh crore, gold & jewellery accounts for 10% : CAIT
Diwali 2025 sales hit a record a record Rs. 6 lakh crore, with Indian goods seeing 25% rise according to Confederation of All India Traders (CAIT). Among various sectors, fast-moving consumer goods (FMCG) accounted for the largest share of total sales at 12 per cent, followed by gold & jewellery at 10 per cent, electronics at 8 per cent. CAIT attributed the growth to recently reduced goods and services tax (GST) rates, noting that 72 per cent of surveyed traders linked higher sales to lower GST on daily-use items. This marks a 25 per cent year-on-year (Y-o-Y) growth from Rs.4.25 trillion, the report said.

The data, released in its comprehensive “Research Report on Diwali Festival Sales 2025”, is based on a nationwide survey across 60 major distribution centres, including state capitals and Tier 2 and Tier 3 cities, conducted by the CAIT Research & Trade Development Society.
2025 has glittered brighter than ever for India’s jewellery industry. Shoppers have thronged stores, sending footfalls soaring by over 100% and infusing the market with festive energy. Gold, the timeless favourite, continues to rule hearts — and this season, buyers have embraced the higher prices without hesitation. Silver jewellery and bullion sparkled in demand, while natural diamonds dazzled with 15–30% sales growth.
A major highlight this festive season is the soaring popularity of silver. As gold prices have risen, consumers have shifted focus towards more affordable option, causing silver sales to nearly double, marking a significant preference change among customers this season.
National News
DGSL launches India’s first structured insurance appraisal service for GJ sector
DGSL, one of India’s leading gems and jewellery testing and certification authorities, has announced the launch of specialized Insurance Appraisal Services for gems and jewellery, introducing what it describes as the country’s first structured, standards-driven appraisal service dedicated to insurance documentation.
The initiative seeks to address a long-standing gap in the Indian market, where jewellery insurance documentation has often lacked standardized gemological evaluation and globally aligned valuation methodologies / practices.
With the rising value of fine jewellery collections, heirloom pieces, and investment-grade gemstones, the demand for precise and internationally compliant insurance appraisals has grown significantly. DGSL’s appraisal reports include detailed gemstone identification, grading analysis, market-aligned valuation methodology, high-resolution imaging, and clearly defined value conclusions prepared specifically for insurance coverage purposes.
The reports aim to provide clarity and reliability for clients, insurers, and financial institutions by ensuring accurate replacement value assessments and minimizing ambiguity during insurance claims.
In a parallel development, Atul Jain, Director at DGSL, has been granted membership in the National Association of Jewelry Appraisers (NAJA), one of the world’s most respected professional organizations dedicated to jewellery appraisal standards, ethics, and professional education.
Jain, a Graduate Gemologist with more than four decades of experience in the jewellery trade, has played a significant role in gemological education, diamond grading, and jewellery authentication in India. His professional expertise spans natural diamonds, coloured gemstones, antique jewellery evaluation, and market advisory.

Atul. Jain said, “The introduction of structured insurance appraisal services marks an important evolution for the Indian jewellery industry. Jewellery today represents not only adornment but also heritage, investment, and emotional legacy. It deserves documentation that meets global standards of accuracy, transparency, and credibility.”
DGSL’s Insurance Appraisal Services will cater to private collectors, high-net-worth individuals, jewellery retailers, estate planners, financial institutions, and insurance providers. Each appraisal follows internationally accepted valuation principles while being adapted to the dynamics of both the Indian and global jewellery markets.
With over two decades of excellence in testing and certification, DGSL has built a reputation grounded in scientific accuracy, ethical practices, and client trust. The addition of Insurance Appraisal Services further strengthens DGSL’s position as a comprehensive authority in gemological certification and valuation.
This initiative sets a new benchmark for professionalism within India’s gems and jewellery sector, ensuring that valuable jewellery assets are not only authenticated but also properly valued and protected.
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