India’s gems and jewellery sector is heading into the festive season with analysts betting on resilient consumer demand and wedding-related purchases to support sales, despite elevated gold prices. While Titan Company and Kalyan Jewellers remain key stocks to track, Senco Gold and Lalithaa Jewellery Mart are also drawing attention for their potential growth opportunities.
The long-term outlook for the sector remains constructive. India’s gems and jewellery market is projected to reach Rs 11.18 lakh crore ($130 billion) by 2030, supported by global demand for gold jewellery and cut and polished diamonds, rising consumer spending in markets such as the US, UK and the Middle East, and the expansion of organised retailers, according to the India Brand Equity Foundation (IBEF).
