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Jewellery machinery is vital investment for global competitiveness

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Jewel Buzz recently hosted a high-level panel featuring the titans of the jewelry manufacturing industry to discuss the significance of the JMAIIE 2026. The Panel of Stalwarts comprised :K Srinivasan: Chairman, Emerald Group,Dr. Chetan Kumar: CMD, Lakshmi Diamonds, Bengaluru Nitesh Jain, MD, Purple Jewels Private Limited,Nikhil Ranavat: Director, AR Gold Private Limited & Director, Swarnshilp Chains and Jewels Pvt Ltd

The discussion highlighted how technology is no longer an optional expense but a vital investment for global competitiveness. The importance of machinery was summed by said K Srinivasan: Investing in machinery is not an expenditure; it is an investment.

Key Objectives for JMAIIE 2026

The leaders identified several critical reasons for attending the expo, emphasizing that the “machinery-only” focus of JMAIIE allows for deep concentration without the distractions of finished jewelry.

  • Technology Upgradation:  K Srinivasan emphasized that with 41 years in the field, he views quality machinery as the foundation for working with all gold purities (from 9k to 22k) and silver. Continuous updating is required to stay relevant.
  • Cost & Loss Reduction:  Nikhil Ranawat pointed out that with rising gold prices, the priority is minimizing manufacturing losses. Even recovering an extra 1% of gold through better technology significantly impacts the bottom line.
  • Weight & Aesthetics: Dr. Chetan Kumar noted the industry’s shift toward both ultra-lightweight and complex fashionable jewelry, both of which require advanced precision tools.
  • Production Efficiency:  Nitesh Jain highlighted the need for robust, “non-breakdown” machines to keep manufacturing costs low for the end consumer.

The State of “Make in India” Machinery

The panel offered a candid assessment of domestic vs. international machinery standards:

Strengths of Indian MachineryAreas for Improvement
Outstanding quality in Enameling, Casting Furnaces, and Buffing Machines.Chain-making technology still lags behind global standards.
Excellence in CAD/CAM software and implementation.Need for more robust, long-term durability to match Italian/Western builds.
High value-for-money and improving after-sales service.Consistency in high-end finishing for luxury products.

Future Outlook

The industry leaders called for a strategic shift to align with the Atmanirbhar Bharat (Self-Reliant India) vision.

  1. Technology Hubs: Dr. Chetan Kumar said government support was imperative and proposed the creation of a dedicated Technology Park for the jewelry industry where manufacturers and AI researchers can collaborate on new machinery.
  2. Skill Development:  Nitesh Jain warned that high-tech machines are useless without a skilled workforce trained to operate them. A cultural shift from traditional handmade methods to tech-driven manufacturing is essential.
  3. Global Ambitions: With the conclusion of various FTAs (Free Trade Agreements), the panel believes that superior technology will allow India to truly become the “Jeweler to the World.”

Conclusion

JMAIIE 2026 stands as a pivotal platform for the industry. The consensus is clear: the future of Indian jewelry lies in the marriage of traditional hand-craftsmanship and cutting-edge technology.

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JB Insights

From Gold to Experience: How Jewellery Retail Is Evolving into Lifestyle

Anil Jose, Managing Director, TT Devassy Jewellery

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Changing consumer preferences are transforming jewellery retail, with experience-led showrooms, everyday wear and personal expression redefining how brands connect with customers

For generations, buying jewellery in India has been entangled with occasions. Weddings, festivals, anniversaries and family milestones have traditionally shaped when and why people purchase jewellery. Gold, in particular, has a unique place in Indian households, representing not just beauty but also security, tradition and long-term value.

That relationship remains strong. What is changing is the role jewellery plays in everyday life. Consumers are increasingly buying jewellery not only to mark an occasion, but also to express their personality, complement an outfit, celebrate a personal achievement or simply enjoy something they connect with.

For jewellery retailers, this represents a significant shift.

Jewellery Showroom as an Experience

The modern jewellery customer journey is becoming more experiential. A customer may discover a design on social media, explore collections online, compare options and then visit a store to experience the product in person. The showroom is therefore no longer simply a place to display products; it has become an important part of the brand experience.

This is also reflected in the expansion of organised jewellery retail in India. As per a research, jewellery’s share of organised retail leasing in India rose from 2% in 2019 to 8% in 2025, making it one of the country’s top three retail demand drivers. At the same time, larger, experience-led formats are gaining ground, with stores exceeding 8,000 sq. ft. accounting for half of jewellery retail leasing in 2025, compared with 14% in 2019.

The implication is simple: a jewellery store can no longer be just a place where products are displayed. It needs to be a place where customers discover, explore and connect with a brand.

From ownership to self-expression

Traditionally, jewellery was often purchased with a long-term perspective. It was an asset, an heirloom and something intended to be passed down through generations.

Those motivations remain important, but a new layer is emerging; personal expression. Younger customers are increasingly drawn to lightweight, versatile and contemporary pieces that can reflect their individual style and be worn across occasions.

Building a jewellery wardrobe

In many ways, jewellery is beginning to develop its own version of a wardrobe. There are traditional pieces for weddings and festivals, minimalist designs for everyday wear and statement pieces for celebrations.

This creates an opportunity for retailers to move beyond individual transactions and become part of more moments in a customer’s life. When jewellery becomes relevant to more occasions, it naturally becomes less occasional and more habitual.

Trust remains timeless

For all the changes in jewellery retail, one factor remains constant, trust.

Transparency in pricing, confidence in quality and dependable after-sales service continue to shape customer relationships. Today, that trust extends to every part of the brand experience, from digital communication to the showroom itself.

Jewellery has always been about more than gold and precious stones. It represents relationships, memories, celebrations and identity. What is changing is how frequently and personally consumers choose to express those emotions through jewellery.

The opportunity for retailers is to evolve from occasion-driven sellers into lifestyle brands; brands that understand how customers live, what they value and how jewellery fits into their everyday stories.

Gold may remain timeless. But the experience surrounding it is becoming the real differentiator.

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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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