India's Gems & Jewellery Market: A Golden Opportunity
Explore the thriving Indian gems and jewellery industry, poised for significant growth and offering lucrative opportunities for investors.
Investment Opportunities Await
100% Automatic FDI Route
Full foreign investment is allowed in gems and jewellery manufacturing and trading, enabling direct entry for international investors.
$1.31B Foreign Investment
Significant foreign investment in diamonds and gold ornaments since 2000 demonstrates strong confidence in the market.
Lab-Grown Diamond Sector
The growing demand for lab-grown diamonds offers an emerging investment opportunity, holding a 4.66% share of total jewellery exports in 2024.
Retail Market Expansion
Major players are expanding physical stores and e-commerce presence, indicating robust retail growth across India.
Key Investments Shaping the Future
Malabar Gold & Diamonds
Announced a $120.4 million investment in Maharashtra to expand its jewellery business, further solidifying its market presence.
Lighthouse Private Equity
Invested $34.2 million in Kushal's Jewellery, a leading silver and fashion jewellery brand, supporting growth and innovation.
Reliance Jewels
Expanded its reach to 126 cities, strengthening its position in India's premium jewellery market and catering to a wider audience.
Aditya Birla Group
Launched "Novel Jewels" with a $601.8 million investment in retail outlets, indicating strong confidence in the sector's potential.
Growth Drivers Fueling the Industry
Increasing Demand
India's gold demand is expected to reach 800-900 tonnes in 2024, driven by a rising middle class projected to reach 1.25 billion by 2048.
SEZ Expansion
With 10 Special Economic Zones housing over 500 manufacturing units, these zones contribute 30% of total gems and jewellery exports.
Government Support
Policies such as 100% FDI and reduced customs duties, coupled with Free Trade Agreements, are boosting export competitiveness.
E-Commerce Growth
Jewellery e-commerce is projected to grow 3X by 2027, with brands adopting VR/AR to enhance online shopping experiences.
Policy Support & Incentives
Gold Monetization Scheme (GMS)
Aims to reduce India's reliance on gold imports by encouraging domestic refining and the circulation of idle gold.
Proposed Jewellery Parks
Land allocated in Navi Mumbai and West Bengal to establish jewellery parks, aiming to transform India into a global manufacturing hub.
Reduction in Import Duties
Lowered Basic Customs Duty (BCD) on gold and silver to 6%, boosting precious metal trade and reducing costs for manufacturers.
Gold Spot Exchange Initiative
Seeks to strengthen India's role in global gold pricing and increase transparency in gold transactions.
Why Invest in India's Gems & Jewellery?
Largest Diamond Hub
India leads in cut & polished diamond exports, with $15.97 billion in FY24.
Booming Market
A $100 billion market by 2027, driven by 800+ tonnes of annual gold demand.
Strong Support
100% FDI, duty reductions, and SEZ incentives attract global investors.
Global Leader
Expanding e-commerce and luxury brand growth fuel a dynamic market.
