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.

Paris Couture Week 2025 dazzled with the unveiling of seven exquisite high-jewelry collections, each showcasing masterful craftsmanship and breathtaking gemstones. Each collection underscored the artistry and innovation that define haute joaillerie at its finest.

 Boucheron’s Untamed Nature collection paid homage to the natural world with intricate, multi-wear pieces like the Airelles necklace. Louis Vuitton’s Awakened Hands, Awakened Minds drew inspiration from 19th-century France, incorporating industrial elements into striking designs. Chaumet’s Bamboo capsule collection honored Asian aesthetics with diamond-set bamboo motifs, while Dior’s Milly Dentelle translated lacework and nature into delicate gold and gemstone creations.

Piaget’s Essence of Extraleganza celebrated the brand’s 150th anniversary with cocktail-inspired designs, evoking the glamour of the ’60s and ’70s. Cartier’s Nature Sauvage continued its exploration of the animal kingdom, with bold interpretations of sea urchins and tigers adorned in precious stones.

 Graff’s The Gift of Love unveiled a masterpiece featuring 125 carats of diamonds, with a pair of sparrows symbolizing love and devotionThe Gift of Love is a statement necklace glimmering with 125 carats of diamonds. Its form resembles that of a diamond feather, with two sparrows at the ends. Associated with the goddess of love Aphrodite, sparrows are emblems of love, togetherness and hope.

While the folds of the highly articulated feather-like structure are set with custom-cut baguette diamonds, the diamond birds are accented with blue sapphire eyes and black onyx beaks. As one bird flutters in mid-flight, the other presents it with a stunning treasure: A 13.51-carat fancy intense yellow pear-shape diamond.

The 2025 Hong Kong Jewellery Shows, held from March 2nd to 8th, exceeded expectations, with exhibitors noting strong market sentiment despite concerns over the global economic outlook. Organised by the Hong Kong Trade Development Council (HKTDC), the twin shows drew over 82,000 buyers from 141 countries, highlighting Hong Kong’s role as a global jewellery trade hub.

The event was split between the Hong Kong Convention and Exhibition Centre (HKCEC) and Asia World-Expo, and attracted 4,000 exhibitors from over 40 countries. The Diamond, Gem & Pearl Show saw about 32,000 visitors, while the International Jewellery Show hosted roughly 51,000 buyers. According to an on-site survey, the Middle East was seen as the most promising market for growth in the coming years, with 40% of respondents expecting a sales increase and over half anticipating stable sales.

The International Jewellery Show featured new zones like Gold Jewellery, showcasing unique designs, and the Young Jewellery Designer Arena, supporting emerging talent. This year’s event also brought forward innovation with over 30 industry seminars, including a focus on local design and new opportunities in the jewellery sector.

Despite a cautious economic climate, Indian exhibitors like Venus Jewel and Tankaria experienced strong networking but reported moderate orders, mainly due to a sluggish Chinese economy. Meanwhile, exhibitors also noted the importance of expanding into markets such as Southeast Asia, the Middle East, and North America.

An HKTDC survey found positive expectations for industry growth in markets like the Middle East (76.8%) and India (72.6%), with technology, including AI and big data, expected to shape the jewellery landscape in the coming years. Fashion and precious jewellery were highlighted as key growth categories, with diamonds (47.6%) emerging as the most sought-after gemstone.

Notable exhibitors like Hatta Chang and HC Arnoldi saw sales exceed expectations, with some anticipating growth of up to 50%. Buyers from regions including Mainland China, the Middle East, and the United States also showed strong interest, with several planning to place large orders.

In a bid to enhance accessibility for Muslim buyers, special measures were introduced, including prayer rooms, shuttle services to mosques, and Muslim-friendly amenities. The event also embraced digital innovation, with the EXHIBITION+ hybrid format and AI-powered platforms enabling seamless online matching and discussions between buyers and exhibitors.

Overall, the 2025 Hong Kong Jewellery Shows set a positive tone for the industry, with increased buyer interest, new opportunities for design and innovation, and strong potential for continued growth in key global markets.