The demand for domestically produced jewelry is now rapidly increasing abroad. Data on diamond and other gemstone jewelry shows that despite the challenges of the global economy, people’s interest in jewelry remains undiminished. Data from June 2025 to June 2026 shows that jewelry demand has increased by approximately 35 percent.
This bodes well for the country’s economy. Amid a volatile global economy, India continues to see significant growth in jewelry and gemstones. Rising Indian exports could bring positive changes to many sectors dependent on the jewelry trade. Jewelry is bringing foreign exchange into the country.
What are the figures saying?
According to the Ministry of Commerce and Industry, this increase represents approximately 35 percent when compared to June 2025 and June 2026. The actual figure is 34.64 percent. Last year, India sold jewelry and gemstones worth approximately $1.79 billion. This amount translates to approximately ₹15,000 crore in Indian rupees.
By June, the figures had risen further, reaching $2.41 billion. Revenues totaled nearly ₹20,000 crore. Within just one year, India had earned profits worth more than ₹5,000 crore worldwide by selling jewelry and gemstones.
Where has the demand for Indian jewellery increased?
The jewelry trade in India is centuries old. Millions of people depend on this trade, directly and indirectly. If exports increase, it will create more jobs and better earning opportunities. Demand for Indian jewelry is growing in the United States, Europe, and the Middle East.
How is the Indian jewellery market improving?
Data from the Indian Broad Equity Foundation (IBEB) shows that in January 2026, gold exchange-traded funds (ETFs) received $2.72 billion in investments. ETFs are funds that can be bought and sold instantly in the market, just like stocks. This amount represents approximately ₹24,040 crore (approximately $2.4 billion), nearly double the amount in December. Silver ETFs also saw $1.07 billion in investments, amounting to approximately ₹9,463 crore (approximately $9.463 billion).
According to an IBEB report, investors are now showing interest in this sector beyond equities. Holdings of gold ETFs in India surpassed 110 tons in January 2026, compared to 77.3 tons in September 2025. Record investment and increased public participation have made this possible.
How is the jewelry business growing?
The demand for lab-grown diamond jewellery has also increased rapidly in the world. According to the IBEB report, from April 2000 to December 2025, the total FDI in diamond and gold jewellery has been Rs 9,727 crore. This amount is around 1.52 billion dollars. The government has made 100 percent FDI easy in this sector. After agreements with the United Arab Emirates and Australia, business in this sector can increase further. The government aims to achieve exports worth 70 billion dollars by 2030.
How big is India’s jewellery market?
India’s jewelry market was worth ₹7.31 trillion (approximately $85 billion) in January 2026. By 2030, it is projected to reach ₹11.18 trillion (approximately $130 billion). A $130 billion market would be revolutionary for India.
Which Indian brands are famous in the world?
Titan launched a lab-grown diamond brand, “Beyon,” in January 2026. Limeline Diamonds plans to open more than 100 stores in 2026. Brands like Gargi and Sabyasachi are also expanding their reach. IITs are being supported for research on lab-grown diamonds.