The B2B gems and jewellery industry in India, comprising manufacturers and wholesalers, has shown strong growth, with market size increasing at a CAGR of 24.60% from ₹3,03,000.00 crore (₹3,030.00 billion) in Fiscal 2022 to ₹7,30,100.00 crore (₹7,301.00 billion) in Fiscal 2026. Retail jewellery consumption is heavily concentrated in South India, which commands the highest regional share of 38% to 43%. The South Indian gems and jewellery retail market, valued at ₹5,02,600.00 crore (₹5,026.00 billion) in Fiscal 2026, is projected to grow at a CAGR of 6.00% to 7.00% to reach ₹6,20,000.00 crore to ₹6,60,000.00 crore by Fiscal 2030, driven by deep-rooted cultural affinity, festive demand cycles, and increasing organized retail penetration. [1]
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