National News
Gem and Jewellery Sector Set to Contribute 8.5% to India’s GDP
Delhi Jewellery & Gem Fair 2025 Unveils Sector’s Potential with Over 120 Exhibitors and Rising Gold Prices
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.
National News
Abaran Timeless Jewellery Champions Heritage Conservation To Safeguard Traditional Craftsmanship
Support For Hastashilpa Heritage Village Reflects A Commitment To Preserving India’s Architectural and Artisanal Legacy For Future Generations.
As India’s historic buildings continue to face mounting pressure from urbanisation, redevelopment, and changing lifestyles, concerns are growing not only about the loss of architectural landmarks but also the disappearance of the traditional skills and craftsmanship that created them. Recognising this challenge, Abaran Timeless Jewellery has extended its support to Hastashilpa Heritage Village, reinforcing the importance of preserving cultural heritage and artisanal knowledge.
Through the Abaran Foundation, the philanthropic arm of the Bengaluru-based jewellery house, the company supports a range of initiatives spanning education, healthcare, community welfare, arts, and heritage conservation. Its association with Hastashilpa Heritage Village reflects a deeper commitment to protecting India’s rich cultural legacy beyond the jewellery industry.




Located in Manipal, Hastashilpa Heritage Village is regarded as one of India’s most significant heritage conservation projects. Founded by conservationist Vijaynath Shenoy, the village has successfully rescued and reconstructed traditional homes from across coastal Karnataka, preserving architectural styles and craftsmanship that may otherwise have been lost to neglect or redevelopment.
The conservation process shares many similarities with the art of jewellery making. Every carved beam, decorative element, and handcrafted detail requires meticulous documentation, restoration, and respect for traditional techniques. Much like restoring an heirloom jewel, preserving heritage architecture demands both technical expertise and cultural sensitivity.
For Pratap Kamath, Managing Director of Abaran Timeless Jewellery, the initiative holds personal significance. He noted that the heritage village is located in Udupi, where Abaran was originally founded by his grandfather, Sri Sadanand Kamath. According to Pratap Kamath, the company was inspired by the efforts to preserve heritage homes that might otherwise have vanished as younger generations moved away in search of new opportunities.
His observations reflect a wider concern within the luxury and craft sectors. Whether restoring a centuries-old structure or creating a handcrafted jewel, both disciplines depend on knowledge and expertise that cannot be easily replicated through mass production. Once lost, such skills are extremely difficult to recover.
At the same time, consumers are increasingly drawn to brands that demonstrate authenticity, cultural relevance, and a commitment to preserving heritage. As a result, heritage conservation is evolving from a philanthropic activity into an important reflection of a brand’s values and identity.




Initiatives such as Hastashilpa Heritage Village serve as an important reminder that heritage extends beyond products—it also includes the ecosystems of craft, culture, knowledge, and tradition that make those creations possible.
As India’s architectural treasures and jewellery traditions navigate similar challenges, efforts to preserve one may ultimately help protect the other, ensuring that valuable skills and cultural legacies continue to inspire future generations.
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