New Delhi is buzzing with optimism as India’s domestic jewelry market, currently valued at around $85-90 billion, is projected to surge to $130-150 billion by 2030. This remarkable growth trajectory is fueled by robust wedding season demand, a shift towards premium products, expansion of organized retail chains, and rising consumer confidence.
The announcement came during the inauguration of the second edition of ‘DJGF Signature 2026’ at India Mandapam, organized by Informa Markets in India. This event has already given a significant early-season boost to North India’s jewelry trade.
Avinash Gupta, Vice Chairman of the All India Gem & Jewelry Domestic Council (GJC), highlighted the strong participation from exhibitors and buyers. ‘It reflects not just robust business sentiment but also the maturing ecosystem of our gems and jewelry sector,’ he stated.
Gupta elaborated on the industry’s adaptation to a new normal, where gold commands a 3% premium and silver about 5%. Shorter inventory cycles and bi-weekly trade shows enable efficient, low-risk purchasing. Looking ahead, he emphasized regulatory shifts like HUID transfer led by the Bureau of Indian Standards for transparency, mandatory hallmarking for silver, and AI-driven monitoring for PMLA compliance.
India’s gems and jewelry sector is a powerhouse, contributing 7-8% to GDP, 12-14% to merchandise exports, and employing over 5 million people. The country processes nearly 90% of the world’s diamonds by volume and ranks among top gold consumers, cementing its global supply chain role.
Yogesh Mudras, Managing Director of Informa Markets in India, noted the sector’s entry into structured growth, driven by festive and wedding purchases alongside formalization. ‘With the market eyeing $130 billion by 2030, the future looks bright,’ he affirmed.
Ram Avtar Verma, President of Delhi Bullion and Jewellers Association (DBJA), praised the event’s scale and enthusiasm, underscoring the industry’s progress. As these trends converge, India’s jewelry market is poised for a golden era.