International News
Jewellery sector’s growth will be fueled by a younger, diverse clientele: McKinsey & Co luxury fashion report
Jewellery sales are expected to regain momentum with 3% to 5% projected growth. An increasing number of consumers will transition from non-branded to branded jewellery.
A 2025 luxury fashion report by McKinsey & Co forecasts jewellery and leather goods to be the fastest-growing categories of the luxury goods industry through 2027. The jewellery sector’s growth will be fuelled by a younger and more diverse clientele.
The report notes that in the period 2019-2023, the jewellery category experienced a remarkable 8% CAGR (compound annual growth rate), globally. However, in 2024, growth slowed down between 2% to 4%. This year, jewellery sales are expected to regain momentum with 3% to 5% projected growth, and accelerate to 4% to 6% by 2027.
Jewellery sector’s growth in the next 3 years will be shaped by shifting customer profiles and buying behaviours. An increasing number of consumers will transition from non-branded to branded jewellery.
High jewellery sales are likely to increase in line with the growing number of ultra-high-net-worth individuals worldwide. Moreover, growing interest among younger buyers in genderless jewellery, along with luxury brands investing in technology and immersive experiences will further shape interest among digital natives and new consumers
However, the report cautions that an uncertainty in a clear segregation between lab-grown diamond and natural diamond markets could pose a challenge to this growth.
Key points:
- Jewellery to grow globally between 4%-6% through 2027: McKinsey & Co.
- High-jewellery demand to rise as the wealthy population grows worldwide.
- Global iconic jewellery brands continue to lead growth for luxury conglomerates
- Diamond-studded jewellery to see the biggest growth in India in 2025: Redseer
- India’s precious jewellery market to grow at a healthy 11-13% CAGR until 2028
- Organised jewellery sector in India to grow 20% year-on-year in FY25: Ind-Ra
International News
WDC ‘A Champion For The Natural Diamond Trade,’ Says Incoming President Ronnie VanderLinden
‘We Must Speak With One Voice For Natural Diamonds,’ Said The New WDC President, Who Succeeded Feriel Zerouki At The WDC Annual General
The World Diamond Council is a champion for the natural diamond trade, with the primary objective of building confidence in natural diamonds and helping the trade sell them, according to its incoming President Ronnie VanderLinden. He was speaking at the Annual General Meeting of the WDC, which took place May 7, 2026, in Antwerp, Belgium.
Taking office at a time of weaker demand, increased competition and fragmented messaging, VanderLinden said the industry must align behind a clear and consistent position. His approach is direct:

“We are here for one reason. To be a champion for the natural diamond trade. We must speak with one voice for natural diamonds. If we are not helping sell natural diamonds in a meaningful way, we are not doing our job.”
The industry must align behind one clear message on what natural diamonds are and why they matter. That message needs to be demonstrated by the role natural diamonds play in producing countries. And the World Diamond Council must clear a path for the trade, removing the obstacles that make it harder to operate and compete.
“The case for natural diamonds is strong,” VanderLinden said. “But it has to be demonstrated. Where they come from, how they move through the pipeline and what they do in producing countries is the evidence we need to show.”
He also reaffirmed the central role of the Kimberley Process, positioning it as a mechanism to support confidence in natural diamonds.
“We will continue the work to update the conflict diamond definition, so it reflects the reality of today’s risks and strengthens confidence in natural diamonds,” he said. “Feriel Zerouki and the team brought this issue to the forefront. That work matters. We now must finish the job.”
VanderLinden will serve alongside newly appointed Vice President Anoop Mehta, whom he described as “a pillar of both the Indian and global natural diamond trade.”
“I could not ask for a better second in command,” He added. “Anoop’s experience, leadership and deep connections across the industry will be extremely important as we continue this work together.”
Commenting on the same, Kirit Bhansali, Chairman GJEPC said:
“I extend my heartfelt congratulations to Mr. Anoop Mehta on his appointment as the Vice President of The World Diamond Council. This is a proud moment for India and the diamond industry. With his vast experience and leadership, I am confident the WDC, under Mr. Ronnie VanderLinden and Mr. Anoop Mehta, will continue to strengthen consumer confidence and promote the growth of the natural diamond sector.”

During the AGM, David Bonaparte was elected as WDC Treasurer, and Udi Sheintal was re-elected as WDC Secretary. As a special gesture proposed by the new president, Feriel Zerouki was elected as Honorary WDC President.
“This presidency will be judged in a very simple way,” VanderLinden added. “Not by what we say in meetings, but by what happens in the trade.”
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