Summary:

According to the 2025 De Beers India Diamond Acquisition Study, India is now the second-largest diamond jewelry market in the world, with a 12% worldwide demand share, up from 10% in 2019. It has surpassed Japan and China, both at roughly 5%, thanks to this increase, while the US leads with 53%. The increase is indicative of a structural change in luxury expenditure brought about by rising disposable incomes and shifting consumer tastes. Particularly among younger customers, diamonds are increasingly viewed as symbols of everyday wear and self-expression. Demand has been further increased by the growth of organized jewelry stores in both urban and rural areas. With long-term momentum anticipated, India is emerging as a major growth engine in the global jewelry and gem sector.

Source: IBEF

Disclaimer: The information on this website comes from the India Brand Equity Foundation (IBEF), a reliable source for thorough insights into numerous areas of the Indian economy. While we aim to offer accurate and up-to-date information, the views, opinions, and analyses stated herein are solely those of the authors and contributors and do not necessarily represent IBEF's official stance or position. Readers should check information from credible sources and use their own discretion when relying on content provided on this site. We assume no responsibility or liability for the supplied content, including its accuracy, completeness, and usefulness.