Jewellery

India’s natural diamond jewellery market is poised for remarkable growth, with projections estimating a valuation of Rs 1,50,000 crore by 2030. According to the De Beers Group’s “2025 India Diamond Acquisition Study (DAS),” this expansion is underpinned by robust macroeconomic fundamentals, including an anticipated 11 per cent annual growth in GDP and personal disposable income (PDI). The report highlights a notable shift in consumer behavior, with natural diamonds transitioning from occasional bridal heirlooms to high-frequency, everyday wear.

PC Jeweller Ltd has reported a robust financial performance for FY2025-26, marking a significant turnaround in its business trajectory. The company recorded a 32 per cent year-on-year rise in revenue during the fourth quarter, while full-year revenue surged by approximately 49 per cent. The growth appears to be supported by elevated gold prices and improved operational consistency. Alongside financial recovery, the company has outlined strategic initiatives including debt reduction, retail expansion, and diversification into mining.

India has imposed immediate restrictions on the import of gold, silver, and platinum jewellery to address concerns over the misuse of free trade agreements (FTAs). The revised policy shifts these imports from a “free” to a “restricted” category, requiring importers to obtain licenses from the regulator. Notably, the curbs apply regardless of prior contractual obligations, including advance payments or shipments already in transit.

India’s gems and jewellery export sector showed modest growth in February, reflecting the industry’s resilience amid global economic uncertainty. Exports increased by 3.86 percent year-on-year, reaching USD 2,680.79 million, equivalent to approximately Rs 24,340.05 crore. The growth was driven largely by diversification into emerging international markets as exporters adapted to shifting global demand.