India is a significant player in the global gems and jewellery market. Gold, in particular, has important cultural importance in India and gold jewellery is frequently purchased for weddings or religious festivals. Additionally, gold jewellery is also used as a form of savings, especially in rural parts of the country where many Indians still do not have easy access to formal financial institutions. In recent years, the tastes of Indian consumers have been shifting. Economic growth has created a widening Indian middle class that has been looking for different aesthetics compared with traditional, heavy gold jewellery. This has created rising demand for jewellery made from other precious metals including silver and platinum, and for diamond jewellery.

01 EXECUTIVE SUMMARY

02 SECTOR OUTLOOK

03 SECTOR IN FOCUS

04 COMPETITIVE LANDSCAPE

05 COMPANIES IN FOCUS

06 REGULATORY ENVIRONMENT

07 GEMS

08 PRECIOUS METALS

09 RETAIL CHANNELS