At a session on The Global Benchmark for Gemstone Pricing held on 11 January 2026, Atul Jogani, Vice President, TGJTA, made a strong case for transparency and standardisation in coloured gemstone pricing, positioning colour stones as a fast-emerging asset class within the jewellery market.
Jogani noted that while coloured gemstones account for about 10% of the jewellery market today, prices of select rubies, emeralds and sapphires have risen three to four times in the last two years, supported by long-term stability over five decades. He flagged the absence of a common pricing reference as a key trust gap for consumers.
To address this, TGJTA has introduced a quarterly-reviewed indicative pricing framework based on global retail benchmarks. Built around colour, clarity, cut, carat, origin and treatment, and backed by international certification, the framework aims to empower consumers, build confidence and support India’s rise as a global coloured gemstone market.