India Diamond Jewelry Market Size & Insights
According to MarkNtel Advisors study The future of India Diamond Jewelry Market size was valued at around USD 18.12 billion in 2025 and is projected to reach USD 28.15 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 9.21% during the forecast period, i.e., 2025-30.
What are the Key Driver in the India Diamond Jewelry Market?
Social Aspirations & Cultural Factors Driving Market Growth – The tradition of purchasing precious jewelry for weddings and cultural occasions in India creates a strong demand in the market. The wedding season that usually extends from October to March alone contributes 40-50% to the annual sales of diamond jewelry in India. Brands drive diamond jewelry purchases on festive occasions like Akshaya Tritiya through promotional campaigns and offers. Consumers also purchase diamond jewelry to gift on milestone events due to the high emotional value and symbolism attached to diamonds.
There is a strong demand for diamond jewelry across India due to social aspirations and lifestyle shifts resulting from the country’s economic progress. A growing purchasing power and exposure to global lifestyle trends are driving the sales of mass-market offerings from brands like CaratLane, which are offering affordable diamond jewelry with minimalist designs to attract lifestyle-driven younger consumers. Luxury brands like Cartier are similarly driving market demand for high-end purchases through custom designs and exclusive events. Purchases linked to traditions and evolving consumer preferences are thus driving the India Diamond Jewelry Market.
What are the Key Segments in the India Diamond Jewelry Market?
The India Diamond Jewelry is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:
- By Product Type
- Rings
- Necklaces
- Earrings
- Bracelets
- Others
- By Distribution Channel
- Jewelry Stores
- Online
- Department Stores
- Others (Duty-Free Stores, Exhibitions, etc.)
- By Diamond Type
- Natural Diamonds
- Lab-Grown Diamonds
- By Price Category
- Mass Market
- Premium
- Luxury
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How does geographical analysis highlight in the India Diamond Jewelry market?
- By Region
-
- North India
- West India
- South India
- East India
Who are the Key Players in India Diamond Jewelry Market?
- De Beers India Pvt. Ltd.
- Tiffany & Co. (LVMH)
- Richemont India Pvt. Ltd. (Cartier, Van Cleef & Arpels)
- Pan India Charms & Jewellery Pvt. Ltd. (Pan India)
- Bulgari S.p.A.
- Swarovski India Pvt. Ltd.
- Venus Jewel Pvt. Ltd.
- H.K. Jewels Pvt Ltd. (Kisna)
- Titan Company Ltd. (Tanishq, Zoya, Mia, CaratLane)
- Reliance Retail Ltd. (Reliance Jewels)
- Malabar Gold & Diamonds
- PNG Jewellers Ltd.
- Senco Gold & Diamonds
- Kalyan Jewellers India Pvt. Ltd.
- Thangamayil Jewellery Ltd.
- Rajesh Exports Ltd. (SHUBH)
- PC Jeweller Ltd.
- Others
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India Diamond Jewelry Market News
July 2025: De Beers introduced its digital platform and a diamond verification service at the 41st India International Jewelry Show, reinforcing its long-term commitment to the market.
March 2025: H.K. Jewels announced its plan to open 60+ new stores in 2025 across major and smaller cities, signaling an aggressive retail expansion to cater to rising market demand.
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- Scope & Research Design – Clearly defined objectives with tailored qualitative and quantitative methods, backed by precise timelines and budgets.
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- Forecasting & Finalization – Predictive modeling and time-series analysis anticipate future market behaviors, presented through insightful reports with charts, graphs, and strategic recommendations.
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Why This MarkNtel Advisors Research Report:
- In-depth Market Analysis: Understand trends and dynamics shaping growth.
- Segmented Insights: Target specific segments for focused strategies.
- Geographical Performance: Assess market opportunities by geographic area.
- Emerging Technologies: Discover advancements like AI integration.
- Risk Identification: Pinpoint challenges to inform strategic planning.
- Future Forecasts: Prepare for market changes with actionable projections.
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