New Delhi, February 28 (IANS). The domestic jewelery market, which is currently valued at around $85-90 billion, is expected to grow to $130-150 billion by 2030, it was announced on Saturday. This growth will be driven by wedding season demand, increasing preference for premium products, organized retail expansion and rising consumer confidence.
North India’s jewelery trade got a significant boost in its inaugural season with the inauguration of the second edition of ‘DJGF Signature 2026’ organized by ‘Informa Markets in India’ at Bharat Mandapam.
Avinash Gupta, Vice President, All India Gem and Jewelery Domestic Council (GJC) said that the participation of exhibitors and buyers reflects not only the strong business sentiment but also the growing maturity of our gem and jewelery ecosystem.
“Today the jewelery industry is operating in a new normal. Premiums of around 3 per cent on gold and around 5 per cent on silver have now become the norm. Also, shorter storage cycles and trade exhibitions held every 8-15 days allow us to manage procurement with less risk and greater efficiency,” he said.
Gupta further added, “Along with the growth, we also need to be prepared for significant regulatory changes. The Bureau of Indian Standards-led HUID migration will increase transparency, implement mandatory hallmarking of silver and support AI-based monitoring of anti-money laundering compliance.”
India’s gems and jewelery industry continues to register strong growth.
The sector contributes about 7-8 percent to India’s gross domestic product (GDP) and accounts for 12-14 percent of total merchandise exports. This provides employment to more than 50 lakh people.
India processes about 90 percent of the world’s diamonds by volume and is one of the largest consumers of gold. For this reason, India plays an important role in the global value chain.
Yogesh Mudras, Managing Director, Informa Markets in India, said that with the domestic jewelery market estimated to reach $130 billion by 2030, the sector is entering a phase of structured growth. This growth will be driven by festive demand, wedding shopping and increasing formalization.
Ram Avtar Verma, President, Delhi Bullion and Jewelers Association (TBJA) said that ‘DJGF Signature 2026’ truly reflects how far our industry has progressed.
“The scale, participation and enthusiasm of this edition is extremely impressive,” he said.
–IANS
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