India Jewelry Market Size & Outlook, 2023-2030
India jewelry market, 2017-2030 (US$M)
Related Markets
India jewelry market highlights
- The India jewelry market generated a revenue of USD 85,517.6 million in 2023 and is expected to reach USD 124,702.8 million by 2030.
- The India market is expected to grow at a CAGR of 5.5% from 2024 to 2030.
- In terms of segment, necklace was the largest revenue generating product in 2023.
- Necklace is the most lucrative product segment registering the fastest growth during the forecast period.
Jewelry market data book summary
| Market revenue in 2023 | USD 85,517.6 million |
| Market revenue in 2030 | USD 124,702.8 million |
| Growth rate | 5.5% (CAGR from 2023 to 2030) |
| Largest segment | Necklace |
| Fastest growing segment | Necklace |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Necklace, Ring, Earring, Bracelet |
| Key market players worldwide | Lvmh Moet Hennessy Louis Vuitton SE, Pandora A/S, Chow Tai Fook Jewellery Group Ltd, Compagnie Financiere Richemont SA Class A, Graff, Signet Jewelers Ltd, Malabar Gold and Diamonds |
Other key industry trends
- In terms of revenue, India accounted for 24.2% of the global jewelry market in 2023.
- Country-wise, India is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, India jewelry market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 124,702.8 million by 2030.
Necklace was the largest segment with a revenue share of 32.97% in 2023. Horizon Databook has segmented the India jewelry market based on necklace, ring, earring, bracelet covering the revenue growth of each sub-segment from 2017 to 2030.
The continued notion of gold jewelry as an investment is the leading factor driving the market. Apart from this, jewelry is a crucial fashion accessory among women in the country and this has driven the market over the years. A large number of international luxury brands such as London-based Missoma and Stellar 79 have entered the Indian market, which has only strengthened the fashion jewelry market in the country.
In November 2022, Indian lifestyle and premium accessories retailer Tata Cliq Luxury collaborated with France-based fashion boutique Le Mill to launch the fashion boutique on the e-commerce platform. The partnership was aimed at connecting Indian customers with the European fashion scene and offer trendsetting fashion labels including jewelry to the Indian audience.
With retail luxury jewelry gaining momentum, many Indian players are consciously making efforts to offer high-end jewelry that is at par with international brands in terms of design, quality, and aesthetics.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Jewelry Market Scope
Jewelry Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
India jewelry market size, by product, 2017-2030 (US$M)
India Jewelry Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
