National News
Young Indians drive colour gemstone boom, redefine jewellery market
Young Indians are increasingly turning to colored gemstones like tanzanite, paraiba tourmaline and morganite for their jewellery collections. The trend, amplified by Bollywood celebrities flaunting vibrant stones on social media, is transforming India’s jewelry market and creating new opportunities in a sector that has traditionally been dominated by gold. Gemstone-studded jewelry typically uses 14- or 18-karat gold, compared with the 22-karat gold required for traditional Indian jewelry, making pieces more affordable for younger consumers.
India’s colored gemstone market generated an estimated $825 million in revenue during the fiscal year ending March 2025, up from $770 million the previous year and $600 million in 2020, according to Tehmasp Printer, MD-IGI.
The broad price range of colored gemstones—from 1,000 rupees ($12) per carat for lower-grade stones to more than 100,000 rupees ($1,200) for premium specimens—appeals to consumers across income levels. Paraiba tourmaline, among the most prized colored gemstones, can command up to 500,000 rupees ($6,000) per carat, while natural diamonds typically cost 250,000-300,000 rupees ($3,000-$3,600) per carat.
The global colored gemstone market is projected to grow from approximately $1.9 billion in 2025 to $5.7 billion by 2035, representing an 11.3% compound annual growth rate, according to industry forecasts.
The shift toward colored gemstones represents a notable evolution in Indian jewelry preferences, traditionally dominated by gold’s cultural significance and investment appeal. As prices for traditional precious metals and diamonds continue climbing, colored gemstones are providing an accessible entry point into luxury jewelry for India’s growing middle class.
BrandBuzz
VBJ SINCE 1900 Fiesting Over 2000 Unique Jhumka Designs
VBJ Since 1900 celebrates India’s timeless love for jhumkas with its grand Jhumka Festival, showcasing over 2,000 exquisite designs that blend heritage craftsmanship with modern elegance, extending the celebration through December.
VBJ Since 1900 (Vummidi Bangaru Jewellers) India’s most trusted heirloom jewellery brand continues to captivate jewellery connoisseurs with its Jhumka Festival – the flavour of the season giving patrons a further chance to experience the timeless charm reimagined for today’s generation.



The Jhumka Festival celebrates India’s enduring love for the iconic earrings. Featuring over 2,000 unique designs across the categories, gold, silver, diamond and platinum capturing the intricate artistry and timeless craftsmanship. Blending filigree, temple-inspired motifs and modern silhouettes, each piece is a symphony of creating balance between heritage and contemporary elegance.

Speaking about the festival, Amarendran Vummidi, Managing Partner, VBJ Since 1900, said, “For 125 years, VBJ has honoured India’s jewellery traditions while evolving with changing times. This festival elevates the jhumka from a staple to a hero piece – crafted for movement, identity, and expression.”
Jithendra Vummidi, Managing Partner, VBJ Since 1900, added, “A jhumka is more than an ornament – it holds memory, character, and emotion. With this festival, we celebrate a form that resonates across generations, offering timelessness with relevance.”

As a fifth-generation family-run brand, VBJ Since 1900 takes immense pride in its role as the makers of the historic Sengol (sceptre) – a sacred symbol of India’s democratic journey. Discovered after 72 years, the Sengol was meticulously researched and identified by the VBJ team before being installed beside the Speaker’s chair in India’s new Parliament building. Much like the Sengol, the Jhumka Festival stands as a reflection of VBJ’s continuing mission to honour legacy through artistry and celebrate the stories that shape India’s cultural heritage.
During the festive season of Golu and Diwali last month, VBJ witnessed an overwhelming response to its Jhumka Festival – as customers embraced unique designs that seamlessly blend heritage with contemporary charm. Extending the festival till the mid of December is VBJ’s way of celebrating that continued love and demand. Building on this festive momentum, VBJ also showcased the Jhumka’s at Ignition,held at the ITC Grand Chola.
Through the Jhumka Festival, VBJ Since 1900 celebrates heritage and innovation. The collection, available at VBJ stores in Anna Salai and Anna Nagar as well as online, offers select customisation – continuing the brand’s legacy of timeless elegance and bespoke service.
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