What Does the India Diamond Jewelry Market Report Reveal About Industry Growth During 2026-2030?

A new study by MarkNtel Advisors takes a deep look at 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 comprehensive study provides data-driven insights into key market drivers, ongoing challenges, and emerging opportunities. It aims to help businesses, investors, and decision-makers understand the market’s direction, assess potential risks, and make strategic, informed decisions for future growth.

Download Your Free PDF Sample– Explore market size, trends, and growth forecast for 2026-2030 and make data-driven decisions today! https://www.marknteladvisors.com/query/request-sample/diamond-jewelry-market-india.html

What Is Driving the Growth of 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 Challenges Exist in the India Diamond Jewelry Market?

India Diamond Jewelry Market Challenge:

Tariff Shocks & Trade Uncertainties –  India Diamond Jewelry Market faces a considerable challenge in the form of tariff shocks and trade uncertainties due to its strong dependence on exports. India accounts for 90% of the world’s rough diamond processing and 25% of global cut and polished diamond exports. The exports to the US alone constitute more than 40% of the country’s total polished diamond exports. Tariff hikes implemented by the US in the last few weeks that increased the rate to 50% are threatening USD 10+ billion worth of exports from India.

Trade policy uncertainties similarly affect the market share of the diamond jewelry industry. The industry saw a 15% drop in annual revenues during FY 2024-25 due to weak demand resulting from uncertainties in the US and EU. This saw exporters facing working capital issues due to individual shipment delays worth USD5-10 million as a result of policy uncertainties in the United States. Market growth was further affected by the temporary closures of industry units as a result of the trade slowdown.

Comprehensive Analysis: Preview detailed market analysis, including segmentation, competitive landscape, and Geographical insights – https://www.marknteladvisors.com/research-library/diamond-jewelry-market-india.html

How Is the India Diamond Jewelry Market Segmented?

The market is categorized into multiple segments to offer a comprehensive understanding of its structure and performance.

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

By Region

-North India

-West India

-South India

-East India.

Who Are the Key Players in the India Diamond Jewelry Market?

The competitive landscape analysis focuses on major companies shaping the market through innovation, strategic expansion, and acquisitions.

Leading Companies Include:

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..

These players are analyzed based on their market strategies, product portfolios, expansions, and partnerships to help readers understand how competition is evolving.

Why Should You Buy the India Diamond Jewelry Market Report?

·         Gain comprehensive insights into the industry’s growth drivers, restraints, and opportunities.

·         Access data-backed intelligence on key market trends, emerging technologies, and investment prospects.

·         Identify competitive strategies and business models adopted by leading players.

·         Understand regional variations and their impact on global market performance.

·         Leverage financial and strategic forecasts to make informed business decisions.

Can the Report Be Customized to Meet Specific Business Needs?

Yes. MarkNtel Advisors provides customized research reports tailored to your organization’s specific objectives and data requirements. These custom reports help businesses gain actionable insights, assess market competitiveness, and design effective strategies for sustainable growth.

Discuss Your Custom Requirements with Our Analyst – Refine data, segmentation, or forecasting as needed. - https://www.marknteladvisors.com/query/request-customization/diamond-jewelry-market-india.html

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As a top market research firm, our specialized team of experienced professionals excels at gathering accurate market insights, trends, and data. We provide our clients with comprehensive market research reports and actionable intelligence to support informed business decisions. Over the years, we have served some of the largest market research firms in India and are proficient in managing all types of market research projects, ensuring high-quality and reliable results

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