Indian gem & jewellery market to soar from $85 billion to $130 billion by 2030: GJEPC
Indian gem and jewellery market, currently valued at USD 85 billion, is poised for rapid growth, projected to reach USD 130 billion by 2030 according to the Gem & Jewellery Export Promotion Council (GJEPC), the apex trade body of the gem and jewellery industry.
While addressing a press conference Vipul Shah, chairman of GJEPC said “GJEPC has invested Rs 150 crores in the global generic promotion of diamonds till date. To strengthen this effort, GJEPC partnered with De Beers to promote diamonds through Retail Alliance in India, with a formal MoU signed on January 7."”
De Beers Group, the world’s leading diamond company, and GJEPC announced the commencement of a strategic collaboration to strengthen the natural diamond narrative within the Indian gem and jewellery trade.
The collaboration titled, INDRA — Indian Natural Diamond Retailer Alliance, will focus on supporting independent retailers in India with tools that go beyond the conventional like leveraging Artificial Intelligence to create customized retailer campaigns.
GJEPC will be organizing its inaugural exhibition in Saudi Arabia from 11-13 September 2025. This event aims to serve as a gateway for strengthening bilateral trade between India and the GCC region, unlocking unparalleled opportunities for collaboration and growth. «This will serve as a gateway to boost bilateral trade between India and the GCC region,” said Mr. Shah.
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