According to Organic Market Research, India Jewelry Market Share was USD 85.6 billion in 2023 and the market is projected to reach roughly USD 142.1 billion by 2032, at a CAGR of 5.8 % during the forecast period. The Market is set to grow steadily, with innovations in design, growing demand for luxury jewelry, and the rise of sustainable and ethical jewelry trends. The integration of digital platforms and expanding reach in tier-2 and tier-3 cities will also contribute to market growth.
The India Jewelry Market Size is a vibrant and integral part of the country's cultural and economic landscape, showcasing robust growth and evolving consumer preferences. Driven by deep-rooted cultural significance and increasing disposable incomes, the market is one of the largest in the world, with a strong demand for gold, diamonds, and traditional jewelry items.
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Market Segmentation
By Material Type
· Platinum
· Gold
· Diamond
· Others
By End-user
· Necklace
· Ring
· Earring
· Bracelet
· Others
By Distribution Channel
· Specialty stores
· Online retail
· Others
Customization Scope
· Available upon request
Pricing
· Available upon request
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Key Players in the Market
The major players in the market are Tanishq, Kalyan Jewellers, Senco Gold, Malabar Gold, Reliance Jewels, Joyalukkas Jewellers, Bhima Jewellers, PC Jeweller, BlueStone, and Sanjay Brothers.
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