India Luxury Jewelry Market Size & Outlook, 2020-2028
India luxury jewelry market, 2016-2028 (US$M)
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India luxury jewelry market highlights
- The India luxury jewelry market generated a revenue of USD 1,623.8 million in 2020 and is expected to reach USD 1,477.7 million by 2028.
- The India market is expected to grow at a CAGR of -1.2% from 2021 to 2028.
- In terms of segment, diamond was the largest revenue generating raw material in 2020.
- Platinum is the most lucrative raw material segment registering the fastest growth during the forecast period.
Luxury jewelry market data book summary
| Market revenue in 2020 | USD 1,623.8 million |
| Market revenue in 2028 | USD 1,477.7 million |
| Growth rate | -1.2% (CAGR from 2020 to 2028) |
| Largest segment | Diamond |
| Fastest growing segment | Platinum |
| Historical data | 2016 - 2019 |
| Base year | 2020 |
| Forecast period | 2021 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Gold, Platinum, Diamond, Gemstone, Precious Pearl |
| Key market players worldwide | Kering SA, The Swatch Group AG, Compagnie Financiere Richemont SA ADR, Lvmh Moet Hennessy Louis Vuitton SE, Signet Jewelers Ltd, Graff, Chopard International, Mikimoto, Pandora Jewelry Central Western Europe |
Other key industry trends
- In terms of revenue, India accounted for 19.9% of the global luxury jewelry market in 2020.
- Country-wise, UK is expected to lead the global market in terms of revenue in 2028.
- In Asia Pacific, India luxury jewelry market is projected to lead the regional market in terms of revenue in 2028.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,376.6 million by 2028.
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Luxury Jewelry Market Scope
Luxury Jewelry Market Companies
| Name | Profile | # Employees | HQ | Website |
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India luxury jewelry market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to luxury jewelry market will help companies and investors design strategic landscapes.
Diamond was the largest segment with a revenue share of 48.04% in 2020. Horizon Databook has segmented the India luxury jewelry market based on gold, platinum, diamond, gemstone, precious pearl covering the revenue growth of each sub-segment from 2016 to 2028.
The luxury jewelry market in India has come to a standstill as the industry has witnessed no footfall in physical stores around the country, despite ongoing peak wedding season. This is solely owing to the ongoing coronavirus pandemic.
The Indian jewelry market thrives on weddings. However, as a precautionary measure to curb the spread of COVID-19, the government has been encouraging citizens to postpone weddings during the lockdown period.
Even before the pandemic, rough diamond prices from miners were generally high, but the prices of polished diamond in the market have been negligible, resulting in a significant price disparity. As a result, companies were already losing a lot of money in the Asian market. The diamond industry has also been severely hampered by the ongoing trade war between China and the U.S.
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Target buyers of India luxury jewelry market databook
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Our clientele includes a mix of luxury jewelry market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the India luxury jewelry market , including forecasts for subscribers. This country databook contains high-level insights into India luxury jewelry market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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India luxury jewelry market size, by raw material, 2016-2028 (US$M)
India Luxury Jewelry Market Outlook Share, 2020 & 2028 (US$M)
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