Indian Jewellery Sector in 2025: Growth Prospects and Stock Market Impact Part 1

Global Market Trends The global gems and jewellery market is projected to grow from USD 361.71 million in 2025 to USD 522.32 million by 2033, at a CAGR of 4.7%. (Source: Global Growth Insights) Factors driving growth: Rising disposable incomes Urbanization Shift towards branded and customized jewellery Increasing demand for lab-grown diamonds and sustainable jewellery (Source: Globe News Wire) Indian Market Trends The Indian jewellery market is expected to grow to USD 25.6 billion between 2025-2029 at a CAGR of 5.9%. (Source: Technavio) Reduction in customs duty from 25% to 20% on jewellery articles to boost domestic demand. (Source: LiveMint) Jewellery stocks surged post-budget, with PN Gadgil Jeweller and Senco Gold rising up to 9%. (Source: Economic Times)