India’s gem and jewellery sector, which currently contributes 7.5% to the country’s GDP, is projected to reach 8.5% in the coming years, driven by rising gold prices. This optimistic forecast was shared by Avinash Gupta, Vice Chairman of the Gem & Jewellery Council (GJC), during his speech at the Delhi Jewellery & Gem Fair (DJGF) Signature 2025, held at Bharat Mandapam. The event, showcasing India’s premium jewellery craftsmanship, has attracted 120 exhibitors and is expected to draw over 8,000 trade visitors across a 100,000 square-foot exhibition space.

Gupta highlighted Delhi’s growing significance as a key hub for North India’s jewellery trade, creating fresh opportunities for jewellers nationwide. He also emphasized how the gem and jewellery industry aligns with the government’s vision of a Viksit Bharat, or Developed India.

Yogesh Mudras, Managing Director of Informa Markets in India, noted that the sector’s valuation is expected to reach between $225-245 billion by FY35. The ongoing digital transformation in jewellery retail, expected to grow at a compound annual growth rate (CAGR) of over 15%, is widening market access through omnichannel strategies that are increasing brand loyalty and enhancing customer engagement.