Latest News- Jewelry Market in India: Gold is expected to lead the Type segment during 2025-2029

The Jewelry Market in India is being driven by Cultural significance of jewelry

The Jewelry Market in India is expected to grow at a CAGR of 5.9% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 25.6 billion. The Indian jewelry market is experiencing robust growth, fueled primarily by the surge in online sales. E-commerce platforms offer unparalleled convenience and accessibility, enabling a wider consumer base to browse an extensive selection of designs, compare prices, and read customer reviews from the comfort of their homes. This transition to digital shopping has not only benefited established jewelry retailers but also opened doors for emerging designers and artisanal brands to reach a global audience. Moreover, the integration of advanced technologies like virtual reality (VR) and augmented reality (AR) further enhances the online shopping experience, allowing customers to visualize jewelry pieces on themselves prior to purchase. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Gold
  • Diamond
  • Others
• Distribution Channel
  • Specialist retailers
  • Online
• End-user
  • Women
  • Men
• Product Type
  • Necklaces and chains
  • Earrings
  • Others
• Geography
  • India

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Cultural significance of jewelry
• Rising disposable income
• Technological advancements in jewelry design and manufacturing

However, the market also witnesses some limitations, which are as follows:

• High gold prices
• Complex supply chain in jewelry market in India
• Lack of skilled labor

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Market Scope in Jewelry Market in India Research Report

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Research Analysis Overview

In the dynamic Indian jewelry market, trends and styles continually evolve, encompassing occasion jewelry, gift items, custom pieces, vintage and antique finds, ethnic creations, handmade artistry, wholesale deals, and more. Customer segmentation is key, with sales channels ranging from brick-and-mortar stores to online platforms. Brand positioning and competitive advantages are crucial, driven by customer satisfaction, online marketing, social media engagement, influencer collaborations, PR campaigns, sales promotions, and pricing strategies. Efficient distribution networks, inventory management, data analytics, risk mitigation, sustainability initiatives, and quality assurance further strengthen market presence.

Market Research Overview

The jewelry sector, a significant segment of the expansive global apparel, accessories, and luxury goods market, encompasses the manufacturing and marketing of gold jewelry, silver jewelry, diamond jewelry, platinum jewelry, and gemstone jewelry. This market caters to a broad spectrum of businesses, including those specializing in the production and distribution of textiles, apparel, footwear, accessories, and luxury goods. The market's growth is propelled by several factors, such as the increasing working population of women, leading to an increase in disposable income and subsequent spending on jewelry and other luxury items. The global textiles, apparel, and luxury goods market is projected to experience substantial expansion due to these demographic shifts and rising consumer preferences for high-end accessories.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/