The India Diamond Jewelry Market report by MarkNtel Advisors provides an in-depth analysis of market size, share, and growth prospects, offering valuable insights for stakeholders.
India Diamond Jewelry Market Size & Insights
The 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. This consistent growth is likely to be driven by a strong cultural association, premiumization & branded retail expansion, and the emergence of lab-grown diamonds (LGDs). Weddings and festive purchases constitute the majority of the demand for diamond jewelry in India. The wedding industry in India is valued at around USD50+ billion and drives the sales of bridal sets and engagement rings in the country, irrespective of short-term price fluctuations in the market. This is exemplified in the double-digit growth in diamond jewelry sales witnessed by Tanishq even during periods with high gold prices. The company also markets exclusive diamond collections aimed at premium wedding purchases under the ‘Zoya’ brand. The cultural importance of precious jewelry thus contributes to a strong market demand for diamond jewelry in India.
What are the Key DROs 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.
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
Rings represent the dominant segment based on product type in the India Diamond Jewelry Market.
By Distribution Channel
- Jewelry Stores
- Online
- Department Stores
- Others (Duty-Free Stores, Exhibitions, etc.)
Jewelry stores represent the dominant segment based on distribution channel in the India Diamond Jewelry Market.
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.
Key pillars of the research methodology include:
- Scope & Research Design – Clearly defined objectives with tailored qualitative and quantitative methods, backed by precise timelines and budgets.
- Sample Selection & Data Collection – Representative samples achieved through proven techniques like random and stratified sampling, supported by reliable tools such as surveys, interviews, and observations.
- Data Analysis & Validation – Rigorous cleaning, advanced statistical modeling, and thematic analysis ensure accuracy, reliability, and minimal bias.
- Forecasting & Finalization – Predictive modeling and time-series analysis anticipate future market behaviors, presented through insightful reports with charts, graphs, and strategic recommendations.
"Our methodology reflects the trust businesses place in us. By combining innovation with precision, we deliver not just numbers, but clarity and direction for decision-makers worldwide," said a spokesperson for MarkNtel Advisors.
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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