National News

Young Indians drive colour gemstone boom, redefine jewellery market

Published

1 year ago

June 14, 2025

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.

National News

Rajiv Jain Elected Chairman Of Jaipur Jewellery Show

The members expressed their confidence that, under his leadership, JJS will continue to achieve new milestones while further strengthening its position as one of the country’s premier gem and jewellery exhibitions.

Published

6 hours ago

July 20, 2026

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The Jaipur Jewellery Show Organising Committee has unanimously elected Rajiv Jain as the Chairman of Jaipur Jewellery Show (JJS). Rajiv Jain is a distinguished industry leader with decades of exemplary service to the gem and jewellery sector and had held many important positions.

A few of the key positions held by him are: Past Chairman, Gems & Jewellery Export Promotion Council (GJEPC), sponsored by the Ministry of Commerce & Industry, Government of India; Chairman, Confederation of Indian Industry (CII), Rajasthan; Founder Chairman, Museum of Gems & Jewellery, Jaipur; and Past Chairman, Indian Institute of Gems & Jewellery, Jaipur (IIGJ Jaipur).

Rajiv Jain succeeds Vimal Chand Surana, who has served as the Chairman of JJS for the past 19 years. Under his visionary leadership, Jaipur Jewellery Show has evolved into one of India’s most respected and successful gem and jewellery exhibitions. In recognition of his distinguished service, exemplary leadership, and invaluable contribution to the growth of JJS, the Organizing Committee has unanimously named him as the Patron of Jaipur Jewellery Show.

Following these appointments, the Executive Committee of Jaipur Jewellery Show (JJS) is constituted as under: Vice Chairman, Dinesh Khatoria; Secretary, Kamal Kothari; Joint Secretary, Ajay Kala; Joint Secretary, Ashok Singhi; and Treasurer, Dr. Nawal Agrawal.

The members conveyed their heartfelt congratulations to Shri Rajiv Jain on his unanimous election as Chairman and expressed their confidence that, under his leadership, Jaipur Jewellery Show will continue to achieve new milestones while further strengthening its position as one of the country’s premier gem and jewellery exhibitions.

The Organizing Committee looks forward to the continued support and active cooperation of all Committee Members and Sub-Committee Members in carrying forward the vision and legacy of Jaipur Jewellery Show.