India’s jewelry industry is set for explosive growth, with experts forecasting the domestic market to expand from $85-90 billion today to $130-150 billion by the end of the decade. Key drivers include heightened demand during marriage seasons, preference for luxury items, organized retail proliferation, and bolstered consumer spending power.
Kicking off with fanfare, the second ‘DJGF Signature 2026’ exhibition at India Mandapam has injected fresh momentum into northern India’s jewelry commerce right at the season’s start, courtesy of Informa Markets in India.
Speaking at the event, GJC Vice Chairman Avinash Gupta pointed to the impressive turnout as evidence of thriving business vibes and a sophisticated industry ecosystem. He detailed how premiums on gold (3%) and silver (5%) have become standard, complemented by streamlined inventory turns every 8-15 days via frequent trade fairs for smarter buying.
Regulatory evolution is on the horizon, Gupta warned, including BIS-led HUID shifts for better traceability, silver hallmarking mandates, and AI tools to enforce anti-money laundering rules. These changes promise greater transparency and efficiency.
Boasting a stellar economic footprint, the sector powers 7-8% of India’s GDP, accounts for 12-14% of exports, and sustains over 50 lakh jobs. As the world’s diamond processing hub (90% volume) and a gold guzzler, India holds sway in global chains.
Informa’s MD Yogesh Mudras envisioned a formalized growth path propelled by festivals, weddings, and sector maturation targeting $130 billion domestically by 2030. DBJA chief Ram Avtar Verma lauded the expo’s grandeur, signaling how far the trade has come. With these tailwinds, the industry’s ascent seems unstoppable.