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India’s Gems and Jewellery Market Set to Reach USD 168.62 Billion by 2030

A robust 8.93% CAGR drives growth, fueled by cultural significance, evolving consumer trends, and rising demand.

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India’s gems and jewellery industry is poised for substantial growth, with projections indicating a market value of USD 168.62 billion by 2030, according to a recent report by Research and Markets. The report, India Gems and Jewelry Market, By Region, Competition, Forecast & Opportunities, 2020-2030F, highlights an impressive compound annual growth rate (CAGR) of 8.93%, which is driving the industry’s rapid expansion.

Jewellery holds immense cultural significance in India, where it is regarded not only as a symbol of tradition but also as a valuable financial asset. The wedding sector remains the largest demand driver, accounting for nearly half of total market sales, with festivals like Diwali and Akshaya Tritiya also playing a vital role in bolstering gold and jewellery purchases as symbols of prosperity.

Despite this growth, the market faces challenges such as fluctuating gold prices and high import costs for materials like diamonds and platinum. The sector’s dependence on imports makes it vulnerable to global economic shifts and geopolitical uncertainties. Additionally, regulatory policies and import duties continue to impact the industry’s dynamics.

Consumer preferences are shifting, with younger buyers and working professionals increasingly opting for lightweight and contemporary jewellery designs. There is a growing demand for 14K and 18K gold pieces, which reflects a trend toward practicality and modernity. This shift is driving innovations that blend traditional craftsmanship with current design trends.

As India’s jewellery sector remains led by established players like Rajesh Exports Limited, Malabar Gold Private Limited, Titan Company Limited, and Kalyan Jewellers India Limited, the industry is expected to continue its upward growth trajectory, reinforcing India’s position as a global leader in the gems and jewellery manufacturing and export market.

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GJEPC & DHL Host E-Commerce & Export Logistics Seminar In Delhi

Industry Seminar Focuses On E-Commerce Growth, Logistics Solutions and Global Shipping Opportunities For The Gem and Jewellery Sector

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Gem & Jewellery Export Promotion Council (GJEPC) Delhi Regional Office, in association with DHL, organised an industry seminar titled “Delhi to the World” on 14th May 2026 at the GJEPC Delhi Office, bringing together 35 members to discuss e-commerce, logistics and international shipping solutions for the gem and jewellery sector.

Welcoming the participants, Ashutosh Srivastava, Regional Director – North, greeted the DHL delegation comprising Ashim Sen, Satya Rath, Tej Desai, Vishal Sehgal, Rishi Pant, Aditya Karid and Aditya Khandelwal. He also welcomed Nitin Khandelwal, Deputy Director – Jaipur & Head of E-commerce, GJEPC, who highlighted the increasing importance of e-commerce and modern logistics infrastructure for the gem and jewellery industry during his keynote address.

The DHL team delivered a detailed presentation on logistics, courier and international shipping solutions tailored for the gem and jewellery trade. The session covered secure shipment handling, customs clearance procedures, shipment tracking facilities, and DHL’s global logistics network.

An interactive Q&A session followed, during which participants discussed shipment procedures, export documentation, insurance requirements, and logistics-related challenges faced by exporters. In his concluding remarks, Antarpal Singh Sawhney, Regional Chairman – North, GJEPC, informed members that DHL would offer special rates to GJEPC members.

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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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