loader image
Connect with us

National News

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.

Published

on

864 Views

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.

Continue Reading
Advertisement JewelBuzz Banner
Click to comment
Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

National News

Hari Krishna Exports Hosts Wellness Seminar To Promote Holistic Health

Over 650 Employees and Families Attend Session On Disease-Free Living and Preventive Healthcare In Mumbai

Published

on

1,901 Views

Hari Krishna Exports reinforced its commitment to employee well-being by organising a health and wellness seminar titled “Master Your Health – Learn How to Live a Disease-Free Life in the Modern World.”

Held at Mukesh Patel Auditorium, Vile Parle (West), Mumbai, the session witnessed participation from over 650 employees and their family members, reflecting strong engagement towards healthier living and holistic well-being.

The seminar was conducted by Atul Shah, Naturopath and Founder of Ojas Life, who shared valuable insights on holistic lifestyle practices, natural prevention and reversal of lifestyle diseases, and achieving a balanced mind-body connection.

The event was graced by distinguished dignitaries, including Motilal Oswal, Chairman of Motilal Oswal Group; Madhusudan Agarwal; and representatives from the Consulate General of Uganda, among other notable guests.

The initiative aimed to create awareness around preventive healthcare and encourage sustainable lifestyle practices in today’s fast-paced world. The interactive session enabled participants to gain practical knowledge and adopt healthier daily habits.

Commenting on the initiative, Ghanshyam Dholakia, said:

“At Hari Krishna Exports, we believe true success is built on the well-being of our people and their families. This seminar is a step towards encouraging a preventive, mindful, and sustainable lifestyle.”

The event concluded with a wellness dinner hosted by Ojas Life, fostering community engagement and reinforcing the importance of mindful living.

Through such initiatives, Hari Krishna Exports continues to promote a culture of health, care, and holistic development for its employees and their families.

Continue Reading

Trending

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.

We would like to hear from you...

GET WHATSAPP NEWS ALERTS

0
Would love your thoughts, please comment.x
()
x