Gems and Jewellery Retail, per CRISIL, in Lalithaa Jewellery Mart's offer document (commissioned by a company).
The Indian gems and jewellery retail industry was valued at ₹1,288,700.00 crore in Fiscal 2026, having grown at a CAGR of 20.70% since Fiscal 2022. Gold jewellery continues to dominate the market with an 80.00% to 85.00% market share. Standalone, family-owned stores traditionally dominate the sector with a 58.00% to 63.00% market share, but organized retail chains have scaled rapidly due to regulatory shifts like GST and mandatory hallmarking, increasing their market share from 30.00% to 35.00% in Fiscal 2020 to 37.00% to 42.00% in Fiscal 2026 (projected to reach 45.00% to 50.00% by Fiscal 2030). The South Indian region represents approximately 40.00% of the national market, valued at ₹502,600.00 crore in Fiscal 2026, and is projected to expand at a 6.00% to 7.00% CAGR to reach ₹620,000.00 crore to ₹660,000.00 crore by Fiscal 2030. [1]
| Figure | Period | Value |
|---|---|---|
| Market size [1] | ₹12.88 lakh crore | |
| Market CAGR [1] | FY2022–FY2026 | 20.7% |
| Topic | Figure | Period | Value |
|---|---|---|---|
| Market size and growth | Market size [1] | ₹12.88 lakh crore | |
| Market size and growth | Market CAGR [1] | FY2022–FY2026 | 20.7% |
According to CRISIL, the gems and jewellery retail market was ₹12.88 lakh crore in .
CRISIL projects continued growth, a growth rate of 20.7% a year over FY2022–FY2026. Forecasts are the source's, not FinMinutes'.
Built from 1 source: 1 company-commissioned report. Each figure carries its source number, which links to the full source list with dates and page references.
Figures are quoted from the sources listed above, with their dates and page references. They are not FinMinutes estimates and are not a recommendation about any security. All industries →