India gems and jewelry market is forecast to register growth during the forecast period, owing to growing e-commerce platform along with organized retail channels. Moreover, opening of exclusive showrooms, availability of jewelry through online retail space, and tie-ups of jewelry providers with online vendors to facilitate easy sale and supply of gems and jewelry to end customers is also expected to drive the country’s gems and jewelry market. Increasing urbanization and development, changing consumer lifestyle, and growing innovative and premium product launches are some of the other factors that would have a positive impact on the gems and jewelry market during forecast period.

In terms of type, India gems and jewelry market has been categorized into gold, diamond in gold, gemstones, diamond, silver and others. Of these categories, gold jewelry accounted for the highest revenue share in India gems and jewelry market in 2018. The category is also anticipated to continue accounting for a significant market share during the forecast period, as all leading market players are offering jewelry keeping in mind the altering consumer preferences, latest fashion trends and growing interest of youth in exclusive jewelry designs.

Demand for gems and jewelry in India is predominantly concentrated in the southern region. South India gems and jewelry market is likely to register growth over the course of next five years, primarily owing to the presence of a large number of market players and aggressive marketing strategies adopted by companies. Moreover, increasing brand consciousness along with rising middle class population in the region is expected to aid the region’s gems & jewelry market.

Major players operating in India gems and jewelry market are expanding their product portfolio and are customizing jewelry as per consumer demand. Malabar Gold Private Limited, Titan Company Limited, Kalyan Jewellers India Private Limited, PC Jewellers Limited and Gitanjali Gems Limited are few of the leading market players.

Years considered for this report:

Historical Years: 2014-2017

Base Year: 2018

Estimated Year: 2019

Forecast Period: 2020-2024

Objective of the Study:

  • To analyze and forecast India gems and jewelry market size.
  • To forecast India gems and jewelry market based on type, distribution channel and regional distribution.
  • To identify drivers and challenges for India gems and jewelry market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in India gems and jewelry market.
  • To conduct the pricing analysis for India gems and jewelry market.
  • To identify and analyze the profile of leading players operating in India gems and jewelry market.


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Some of the leading players in India gems and jewelry market are Malabar Gold Private Limited, Titan Company Limited, Kalyan Jewellers India Private Limited, PC Jewellers Limited, Gitanjali Gems Ltd., Rajesh Exports Limited, Bhima Jewellery and Diamonds Pvt. Ltd., Hare Krishna Exports Private Limited, Tribhovandas Bhimji Zaveri Limited, Joyalukkas India Private Limited, etc.

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

TechSci Research calculated India gems and jewelry market size using a top down approach, where data for various applications across various end-user segments was recorded and forecast for the future years was made. TechSci Research 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 by TechSci Research.

Key Target Audience:

  • Gems and Jewelry manufacturers, traders and other stakeholders
  • Organizations, forums and alliances related to gems and jewelry
  • Government bodies such as regulating authorities and policy makers
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as manufacturers, partners and end users. The study would also help them in identifying which market segments should be targeted over the coming years in order to strategize investments and capitalize on growth of the market.

Report Scope:

In this report, India gems and jewelry market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Market, by Type
    • Gold
    • Diamond in Gold
    • Gemstones
    • Diamond
    • Silver
    • Others
  • Market, by Distribution Channel
    • Store-based Retail
    • Non-Store-based Retail
  • Market, by Region
    • North
    • West
    • South
    • East

Competitive Landscape

Company Profiles: Detailed analysis of the major companies operating in India gems and jewelry market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis

  • Profit margin analysis in case of direct and indirect sales channel.

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1.     Product Overview

2.     Research Methodology

3.     Executive Summary

4.     Voice of Customer

4.1.  Brand recall (Unaided and Aided)

4.2.  Willingness to spend

4.3.  Factors influencing purchase decision

4.4.  Media consumption to gain knowledge about the gems and jewelry type

4.5.  Influence of social media on purchase decision

5.     India Gems and Jewelry Market Outlook

5.1.   Market Size & Forecast

5.1.1. By Value

5.2.   Market Share & Forecast

5.2.1. By Type (Gold, Diamond in Gold, Gemstones, Diamond, Silver and Others)

5.2.2. By Distribution Channel (Store-based Retail and Non-Store-based Retail)

5.2.3. By Region (North, West, South and East)

5.2.4. By Company (2018)

5.3.   Market Attractiveness Index (By Type, By Distribution Channel and By Region)

6.     India Gold Gems and Jewelry Market Outlook

6.1.   Market Size & Forecast

6.1.1. By Value

6.2.   Market Share & Forecast

6.2.1. By Distribution Channel

6.2.2. By Region

7.     India Diamond in Gold Gems and Jewelry 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 Gemstones Gems and Jewellery 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 Diamond Gems and Jewelry 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 Silver Gems and Jewelry 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.  Price Point Analysis

12.  Market Dynamics

12.1.              Drivers

12.2.              Challenges

13.  Market Trends & Developments

14.  Policy & Regulatory Landscape

15.  India Economic Profile

16.  Competitive Landscape

16.1.              Competition Outlook

16.2.              Company Profiles (Leading Companies)

17.2.1    Malabar Gold Private Limited

17.2.2    Titan Company Limited

17.2.3    Kalyan Jewellers India Private Limited

17.2.4    PC Jewellers Limited

17.2.5    Gitanjali Gems Ltd.

17.2.6    Rajesh Exports Limited

17.2.7    Bhima Jewellery and Diamonds Pvt. Ltd

17.2.8    Hare Krishna Exports Private Limited

17.2.9    Tribhovandas Bhimji Zaveri Limited

17.2.10  Joyalukkas India Private Limited

(Note: The companies list can be customized based on the client requirements)

18. Strategic Recommendations

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