Advantage India
Growing
Demand
*According to the Association of Mutual Funds in India (AMFI), Gold ETF inflows surged by 574.9% month-on-month to Rs. 3,443.23 crore (US$ 389.6 million) in June 2026, while Silver ETFs received inflows of Rs. 4,286 crore (US$ 485.0 million) after witnessing outflows for four consecutive months.
*According to the World Gold Council (WGC), the assets under management (AUM) of Indian Gold ETFs increased from Rs. 60,883.52 crore (US$ 7.2 billion) in April 2025 to Rs. 162,610.44 crore (US$ 18.4 billion) by May 2026. The increase in AUM was accompanied by a rise in physical gold holdings, which grew from 65.3 tonnes to 116.7 tonnes during the same period.
Increasing
Investments
*In August 2026, Golkunda Diamonds & Jewellery announced the establishment of a new manufacturing facility in Andheri, Mumbai, to strengthen its presence in India's domestic jewellery market. The expansion aims to cater to the growing demand for gold and lab-grown diamond jewellery, while reducing the company's reliance on Middle Eastern export markets.
*BlueStone invested US$ 2.83 million (Rs. 25 crore) in lab-grown diamond brand Ethera in Feb 2026, supporting store expansion, omnichannel growth, and scaling India’s emerging lab-grown jewellery segment.
*Cumulative FDI inflows in diamond and gold ornaments in India stood at Rs. 9,962.78 crore (US$ 1.55 billion) between April 2000-March 2026.
Policy
Support
*India allows 100% FDI under the automatic route in the gems and jewellery sector, including gold and diamond processing and trading, subject to applicable regulatory conditions.
*In May 2026, India and the UAE reaffirmed their commitment to strengthen their economic partnership and expand bilateral trade to US$ 200 billion by 2032 under the India-UAE CEPA, with gems and jewellery remaining one of the key sectors driving bilateral trade.
Attractive
Opportunities
*India’s gold demand is projected to remain in the range of 600–700 tonnes in 2026, with rising investment demand offsetting weaker jewellery consumption due to elevated gold prices.
Tribhovandas Bhimji Zaveri Limited
Tribhovandas Bhimji Zaveri Limited is engaged in the manufacturing/trading and selling of jewellery. The company offers a range of products including pendants, earrings, waist belts, watches, necklaces, bracelets, rings, and bangles. It offers products in categories including diamond and gold. It offers design for a range of cultural requirements including traditional Indian, western, and indo-western. The company offers festival and wedding jewellery, everyday wear jewellery and contemporary jewellery. Its collections include surprise collection, necklace collection and showstoppers collection. It operates approximately 32 stores in over 25 cities across the country. It has manufacturing units for diamond-studded jewellery at Kandivali, Mumbai.
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PC Jeweller Limited
PC Jeweller Limited is engaged in the business of manufacture, retail, and export of jewellery. It offers a range of products including 100% hallmarked gold jewellery, certified diamond jewellery and other jewellery, including silver articles, with a focus on diamond jewellery and jewellery for weddings. It sells jewellery through its online sale portal www.wearyourshine.com. Its jewellery category includes rings, earrings, pendants, mangalsutras, chains and necklaces, bangles and bracelets, and nose pins. It also offers platinum, gemstone, men, and kid's jewellery. It offers jewellery under various brands like PC Jeweller, Blue Nile, PNG Jewellers, Waman Hari Pethe, Asmi, Gili, Sangini, Nirvana, Nakshatra, Kama Jewellery, Flexia Jewellery, Sparkles, Candere, Diaashi Diamonds, Demira, Augrav, Urnish Jewellers, D'amor, Avsar, Ornomart, Dishi Somani, Charu Jewels, Jewels Forum, Aakanksha Rustagi, Prernaa Makhariaa, Aakarshan Jewellery, Monica Kapur and Vipin Rohilla.
Read MoreTitan Company Limited (Tanishq)
Titan Company Limited manufactures and retails jewellery and watches. It also produces perfume for both men and women. The company operates its jewellery division under the key brands such as Tanishq and Carat Lane.
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MOREMajor Hubs for Gems and Jewellery
- Surat
- Mumbai
- Jaipur
- Thrichor
- Nellore
- Delhi
- Hyderabad
- Kolkata
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