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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

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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.

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Cosmos Diamonds Makes History With World’s First LGD  Jewellery  Launched Into Space

The Launch Also Reinforces India’s Emergence As A Global Innovation Hub Where Startups From Diverse Sectors Are Forging Unconventional Partnerships.

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In a landmark moment where luxury, science and space exploration converged, Sanjana Tripuramallu, founder of Bengaluru-based Cosmos Diamonds, has achieved a global first by collaborating with private space company Skyroot Aerospace to send Cosmos Bloom, the world’s first lab-grown diamond (LGD) jewellery creation into space aboard the Vikram-1 rocket.

The Cosmos Bloom Diamond  is handcrafted in 18 kt gold using 32 pear-cut LGDs arranged in the form of a blooming lotus and mounted on a specially engineered aluminium base plate. It is designed to withstand the extreme conditions of launch and spaceflight. The space-bound jewel is valued at Rs 11 lakh and combines Indian craftsmanship, technology, and innovation.

Sanjana Tripuramallu, Founder- Cosmos Diamonds

The launch also reinforces India’s emergence as a global innovation hub where startups from diverse sectors are forging unconventional partnerships. While Skyroot Aerospace showcased the country’s private launch capabilities through Vikram-1, Cosmos Diamonds used the mission to tell a powerful story of Indian design and scientific ambition on an international stage. With the successful launch of the world’s first lab-grown diamond jewel into orbit, Sanjana Tripuramallu and Cosmos Diamonds have etched their names into both jewellery and space history, demonstrating that the future of luxury may well extend beyond Earth itself.

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JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.

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