India\u2019s natural diamond jewellery market, officially estimated at INR 785 billion in 2024, is projected to reach INR 1,520 billion by 2030, reflecting a sustained 12% CAGR, according to the De Beers India Diamond Acquisition Study 2025.<\/p>\n
India has strengthened its global standing with a 12% share of demand, ranking as the second-largest market worldwide, overtaking China (5%) & Japan (5%), and trailing behind the US (53%).<\/p>\n
Growth is driven by strong economic tailwinds. GDP and personal disposable income are forecast to expand at 11% annually through 2030, widening the addressable consumer base to 67 million women across SEC A\/B segments in Tier 1-5 cities. Average spend per diamond piece stands at approximately INR 1.4 lakh.<\/p>\n
Demand is now decisively youth-led. Gen Z alone contributes 51% of market value, with millennials adding 35%, taking their combined share to 86%. Ownership is also rising steadily, with 15% of Indian women now owning natural diamond jewellery, up from 11% in 2022, while annual acquisition rates remain stable at 3%.<\/p>\n
A significant structural driver is the expansion of high-income households. The number of households earning above $20,000 annually is expected to more than double from 32 million in 2025 to 67 million by 2030, accelerating discretionary spending on diamonds.<\/p>\n
At the same time, market depth is improving beyond metros. While Tier 1 and Tier 2 cities continue to dominate, smaller cities are steadily increasing their contribution, signalling broader consumption-led growth across the country.<\/p>\n","protected":false},"excerpt":{"rendered":"
India\u2019s natural diamond jewellery market, officially estimated at INR 785 billion in 2024, is projected to reach INR 1,520 billion by 2030, reflecting a sustained 12% CAGR, according to the De Beers India Diamond Acquisition Study 2025. India has strengthened its global standing with a 12% share of demand, ranking as the second-largest market worldwide,…<\/p>\n","protected":false},"author":1,"featured_media":35871,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[83],"tags":[],"thb-sponsors":[],"class_list":["post-35870","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bulletin"],"acf":[],"yoast_head":"\n