India’s Gems and Jewellery Sector: A Golden Opportunity for Investors in 2025 part 2

Key Policy Reforms & Impact Reduction in Tariffs: The Union Budget 2025 announced a cut in customs tariffs on jewellery from 25% to 20%, effective February 2, 2025. (Source: LiveMint) This will likely reduce import costs, boost profitability, and drive higher domestic demand. Stock Market Response: Following the announcement, jewellery stocks surged up to 9%. (Source: Economic Times) Consumer Trends Influencing Growth Lab-Grown Diamonds: Increasing consumer preference for sustainable and ethical alternatives is boosting demand for lab-grown diamonds. (Source: NY Post) Wedding-Driven Demand: With over 4 million weddings projected in 2025, demand for gold and silver jewellery is expected to surge. (Source: The Statesman)