JB Insights
Fabrication Demand Drivers for Silver in the Industrial, Jewellery and Silverware Sectors through 2033
Jewellery, silverware demand is projected to rise 34, 30 percent
Industrial, Jewellery and Silver expected to see robust future. Silver industrial demand is forecast to increase 46 percent through 2033,while jewellery and silverware demand is projected to rise 34 and 30 percent respectively, with all three sectors already accounting for nearly three-quarters of the world’s demand for silver in 2022.
The investment sector comes in with a healthy 27 percent of overall silver demand last year, according to a report from Oxford Economics, a London-based economic advisory and consultancy firm. Fabrication Demand Drivers for Silver in the Industrial, Jewellery and Silverware Sectors Through 2033, was commissioned by the Silver Institute to forecast the growth rates of key sectors of global silver manufacturing demand, and to gain insight into how demand will change over the next decade.
As for specific countries, Oxford noted that India will lead the world in jewellery demand over the next ten years but that it may lose some of its silver jewellery dominance to China. India will continue to lead silverware demand but perhaps with a lower market share than it recorded in 2022. “We expect demand from India will contribute 43% of the growth in the demand for silver to be turned into silverware. This is less than their existing share of consumption at 73%,”the report noted.
Just over half of the growth in the global output of the other manufacturing sector between 2023 and 2033 is forecast to occur in China. The United States is forecast to have an 8% share of the additional other manufacturing output. Three countries including India are expected to generate 2% of the additional output.
The report concluded that long-term forecasting for the silver production industry, “should help them decide how best to target growing industries and where to locate their logistics, marketing, and sales efforts. There may however be unforeseen challenges to these forecasts,” the report warned. “This may occur if the different fabricator industries undergo structural change (such as thrifting) or there are unforeseen economic shocks.”
JB Insights
From Rare to Reachable: The Changing Face of the Diamond Industry
How diamonds moved beyond tradition to become a part of everyday style, personal milestones, and modern living.
Diamonds have always been symbols of love, celebration, and timeless beauty. But the journey behind these sparkling stones has changed significantly over the years. The diamond industry today looks very different from what it once was — more open, more transparent, and more focused on the modern consumer.
How Diamonds Were Seen Earlier
In the past, diamonds followed a very traditional path. They were considered rare and special, usually bought only for weddings or major life events. The diamond industry was controlled by a few large companies, which meant limited choices and fixed perceptions around price and value.

Jewellery shopping happened mostly offline, often guided by family tradition rather than information. Buyers relied on trust, as details about quality, origin, and pricing were not always clear.
What Changed Over Time
As global markets opened up and technology improved, the diamond industry began to change. More countries entered the diamond trade, competition increased, and innovation reshaped the entire supply chain.

Diamonds slowly moved from being “rare and unreachable” to becoming more accessible. Marketing also evolved — diamonds were no longer just about marriage but also about personal milestones, style, and self-expression.
India’s Big Role in the Diamond Story
India plays a major role in today’s global diamond industry. Cities like Surat have become global centres for cutting and polishing diamonds, handling a majority of the world’s stones.

Skilled craftsmanship combined with modern technology has helped India shape diamonds worn across the world. This growth has also benefited Indian consumers, offering better designs, competitive pricing, and international-quality jewellery.
The Rise of Lab-Grown Diamonds
One of the biggest shifts in recent years has been the rise of lab-grown diamonds. These diamonds are created in controlled environments but look identical to natural diamonds.

They offer the same sparkle and certification, often at a more affordable price. Many consumers today choose lab-grown diamonds for their value, sustainability, and flexibility in design.
How Diamond Buying Feels Today
Buying diamonds today is easier and more transparent than ever before. Certifications clearly explain quality, while online and offline stores offer wide design options.

Diamonds are now worn daily, gifted for celebrations, and purchased as self-rewards. Lightweight designs, trendy styles, and digital shopping tools have changed how people connect with jewellery.
Why Diamonds Mean More Today
Modern buyers care about more than just sparkle. They want to know where their diamonds come from, how they are made, and whether they align with their values.

Design, comfort, trust, and storytelling now play a big role in choosing diamond jewellery. Diamonds today represent individuality and conscious luxury, not just tradition.
Then vs Now: A Quick Look
Earlier, diamonds were mostly linked to weddings, had limited design choices, and involved traditional buying experiences.

Today, diamonds are part of everyday fashion, available in multiple price ranges, and backed by clear information and certification.
The industry has moved from being exclusive to inclusive

The diamond industry has transformed from something complicated and distant into something personal and approachable. Today, diamonds are about choice, confidence, and self-expression — made for every moment, not just one.
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