
The Diamond, Gems, and Jewellery sector in India is a vibrant and rapidly expanding industry, deeply embedded in the nation's cultural fabric and economic landscape. It is characterized by a blend of traditional craftsmanship and modern retail practices, catering to diverse consumer preferences ranging from everyday wear to high-value occasion-specific pieces. The sector is undergoing a significant transformation, driven by increasing organized retail penetration, evolving consumer demands for transparency and quality, and strategic expansions by key players into both domestic and international markets. This comprehensive analysis synthesizes data from leading companies – Titan Company Limited, Kalyan Jewellers India Limited, Vaibhav Global Limited, Utssav CZ Gold Jewels Limited, and Tribhovandas Bhimji Zaveri Limited – to provide an in-depth understanding of the industry's current state, dynamics, and future outlook.
The Indian Gems & Jewellery market is a powerhouse, contributing approximately 7% to India's GDP and 15% to total merchandise exports, employing over 5 million people. It is the second-largest gold market globally, with gold jewellery accounting for 70% of total gold demand.
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