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India Gems and Jewelry Market, By Type (Gold, Diamond, Silver, Gemstones, Others (Pearl, Platinum, etc.)), By Distribution Channel (Offline and Online), By Region, Competition, Forecast & Opportunities, FY2017-FY2028

  • ID: 5550591
  • Report
  • February 2022
  • Region: India
  • 76 Pages
  • TechSci Research
UP TO OFF until Jul 31st 2022
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FEATURED COMPANIES

  • Joyalukkas India Limited
  • PC Jeweller Limited
  • Rajesh Exports Limited
  • Titan Company Limited
  • Vaibhav Global Limited
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Speak directly to the analyst to clarify any post sales queries you may have.

10% Free customization

This report comes with 10% free customization, enabling you to add data that meets your specific business needs.

The Indian Gems and Jewelry Market stood at USD78.50 billion in FY2021 and is expected to grow with a CAGR of 8.34% in the forecast years, FY2023-FY2027, to achieve a market value of USD119.80 billion by FY2027. The Indian Gems and Jewelry Market is growing on the backbone of growing disposable income among the Indian population. Moreover, gems and jewelry in the country are often associated with luxury gift items. Thus, increasing instances of festival gift exchanges and changing consumer preferences toward celebration presents for their families and friends are also driving the growth of the Indian Gems and Jewelry Market in the upcoming five years. Surging demand for branded jewelry products and assurance of the authentic and pure form of the luxury metal and gems in the jewelry is also supporting the growth of the Indian Gems and Jewelry Market in the next five years. Growing urbanization, innovative product launches, designer products, and technological advancements in product development are further substantiating the growth of the Indian Gems and Jewelry Market in the future five years. Increasing innovation and adoption in men’s jewelry and acquiring gemstones in clothing for men is another major factor that is driving the market growth.





Luxurious materials like gold and silver are significantly categorized as a symbol of wealth and prestige among Indian families. Utilizing modern materials like white gold, platinum, rose gold, etc. are also some of the modern designs and modern materials that are utilized in jewelry making and are rapidly being accepted in the Indian market, mostly among the working female population looking for lighter and comfortable jewelry for their regular assembles. Gemstones such as ruby and others are making a big contribution to the shifting fashion trends, particularly among the elite and upper-middle classes.

The Indian Gems and Jewelry Market is segmented based on type, distribution channel, region, and competitional landscape. Based on type, the market is further fragmented into gold, diamond, silver, gemstones, others (pearl, platinum, etc.). Gold is anticipated to hold the largest share of the market and dominate the market segment in the upcoming five years on account of the traditional categorization of the material as a symbol of prestige and wealth. Increasing demands for wedding jewelry and traditional jewelry manufacturing using the material are also anticipated to further support the market's growth in the next five years.

Rajesh Exports Limited, Malabar Gold Private Limited, Titan Company Limited, Bhima Jewellery and Diamonds Private Limited, Kalyan Jewellers India Limited, PC Jeweller Limited, Tribhovandas Bhimji Zaveri Limited, Joyalukkas India Limited, Hari Krishna Exports Private Limited, Vaibhav Global Limited, etc. are among the major market players in the India platform that lead the market growth of the Indian Gems and Jewelry Market.

Years considered for this report:

  • Historical Years: FY2017- FY2020
  • Base Year: FY2021
  • Estimated Year: FY2022
  • Forecast Period: FY2023 - FY2027

Objective of the Study:

  • To analyze and estimate the market size of the Indian Gems and Jewelry Market from FY2017 to FY2020.
  • To estimate and forecast the market size of the Indian Gems and Jewelry Market from FY2021 to FY2027 and growth rate until FY2027.
  • To classify and forecast the Indian Gems and Jewelry Market based on type, distribution channel, regional distribution, and competitive landscape.
  • To identify dominant region or segment in the Indian Gems and Jewelry Market.
  • To identify drivers and challenges for the Indian Gems and Jewelry Market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Indian Gems and Jewelry Market.
  • To identify and analyze the profile of leading players operating in the Indian Gems and Jewelry Market.
  • To identify key sustainable strategies adopted by the market players in the Indian Gems and Jewelry Market.

The publisher performed both primary as well as exhaustive secondary research for this study. Initially, the publisher sourced a list of manufacturers across the country. Subsequently, the publisher conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, the publisher could include the manufacturers which could not be identified due to the limitations of secondary research. The publisher analyzed the manufacturers, distribution channels and presence of all major players across the country.

The publisher calculated the market size of the Indian Gems and Jewelry Market by using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. The publisher sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied.

Key Target Audience:

  • Manufacturers, suppliers, distributors and other stakeholders
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums and alliances related to gems and jewelry
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers, partners, end-users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:


In this report, the Indian Gems and Jewelry Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

India Gems and Jewelry Market, By Type:

  • Gold
  • Diamond
  • Silver
  • Gemstones
  • Others

India Gems and Jewelry Market, By Distribution Channel:

  • Offline
  • Online

India Gems and Jewelry Market, By Region:

  • South
  • North
  • East
  • West

Competitive Landscape


Company Profiles: Detailed analysis of the major companies present in the Indian Gems and Jewelry Market.

Available Customizations:


With the given market data, the publisher offers customizations according to a company’s specific needs.
Frequently Asked Questions about the Indian Gems and Jewelry Market

What is the estimated value of the Indian Gems and Jewelry Market?

The Indian Gems and Jewelry Market was estimated to be valued at $77.8 Billion in 2017.

What is the growth rate of the Indian Gems and Jewelry Market?

The growth rate of the Indian Gems and Jewelry Market is 4.4%, with an estimated value of $119.8 Billion by 2027.

What is the forecasted size of the Indian Gems and Jewelry Market?

The Indian Gems and Jewelry Market is estimated to be worth $119.8 Billion by 2027.

Who are the key companies in the Indian Gems and Jewelry Market?

Key companies in the Indian Gems and Jewelry Market include Rajesh Exports Limited, Malabar Gold Private Limited, Titan Company Limited, Bhima Jewellery and Diamonds Private Limited, Kalyan Jewellers India Limited, PC Jeweller Limited, Tribhovandas Bhimji Zaveri Limited, Joyalukkas India Limited and Vaibhav Global Limited.

FEATURED COMPANIES

  • Joyalukkas India Limited
  • PC Jeweller Limited
  • Rajesh Exports Limited
  • Titan Company Limited
  • Vaibhav Global Limited

1. Product Overview2. Research Methodology3. Executive Summary4. Impact of COVID-19 on India Gems and Jewelry Market
5. Voice of Customer
5.1. Brand Awareness
5.2. Sources of Information
5.3. Factors Influencing Purchase Decision
6. India Gems and Jewelry Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Type (Gold, Diamond, Silver, Gemstones, Others (Pearl, Platinum, etc.))
6.2.2. By Distribution Channel (Offline and Online)
6.2.3. By Region
6.2.4. By Company (FY2021)
6.3. Market Map (Type, Region)
7. India Gold Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Distribution Channel
7.2.2. By Region
8. India Diamond Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Distribution Channel
8.2.2. By Region
9. India Silver Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Distribution Channel
9.2.2. By Region
10. India Gemstones Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Distribution Channel
10.2.2. By Region
11. Market Dynamics
11.1. Drivers
11.2. Challenges
12. Market Trends and Developments13. Policy & Regulatory Landscape14. India Economic Profile
15. Competitive Landscape
15.1. Rajesh Exports Limited
15.2. Malabar Gold Private Limited
15.3. Titan Company Limited
15.4. Bhima Jewellery and Diamonds Private Limited
15.5. Kalyan Jewellers India Limited
15.6. PC Jeweller Limited
15.7. Tribhovandas Bhimji Zaveri Limited
15.8. Joyalukkas India Limited
15.9. Hari Krishna Exports Private Limited
15.10. Vaibhav Global Limited
16. Strategic Recommendations

List of Figures

Figure 1: India Gems and Jewelry Market Size, By Value (USD Million), FY2017-FY2027F
Figure 2: India Gems and Jewelry Market Share, By Type, By Value, FY2017-FY2027F
Figure 3: India Gems and Jewelry Market Share, By Distribution Channel, By Value, FY2017-FY2027F
Figure 4: India Gems and Jewelry Market Share, By Region, By Value, FY2017-FY2027F
Figure 5: India Gems and Jewelry Market Share, By Company, By Value, FY2021
Figure 6: India Gems and Jewelry Market Map, By Type, Market Size (USD Million) & Growth Rate (%), FY2021
Figure 7: India Gems and Jewelry Market Map, By Region, Market Size (USD Million) & Growth Rate (%), FY2021
Figure 8: India Gold Market Size, By Value (USD Million), FY2017-FY2027F
Figure 9: India Gold Market Share, By Distribution Channel, By Value, FY2017-FY2027F
Figure 10: India Gold Market Share, By Region, By Value, FY2017-FY2027F
Figure 11: India Diamond Market Size, By Value (USD Million), FY2017-FY2027F
Figure 12: India Diamond Market Share, By Distribution Channel, By Value, FY2017-FY2027F
Figure 13: India Diamond Market Share, By Region, By Value, FY2017-FY2027F
Figure 14: India Silver Market Size, By Value (USD Million), FY2017-FY2027F
Figure 15: India Silver Market Share, By Distribution Channel, By Value, FY2017-FY2027F
Figure 16: India Silver Market Share, By Region, By Value, FY2017-FY2027F
Figure 17: India Gemstones Market Size, By Value (USD Million), FY2017-FY2027F
Figure 18: India Gemstones Market Share, By Distribution Channel, By Value, FY2017-FY2027F
Figure 19: India Gemstones Market Share, By Region, By Value, FY2017-FY2027F

A selection of companies mentioned in this report includes:

  • Rajesh Exports Limited
  • Malabar Gold Private Limited
  • Titan Company Limited
  • Bhima Jewellery and Diamonds Private Limited
  • Kalyan Jewellers India Limited
  • PC Jeweller Limited
  • Tribhovandas Bhimji Zaveri Limited
  • Joyalukkas India Limited
  • Hari Krishna Exports Private Limited
  • Vaibhav Global Limited