Gem and jewellery sector expected to contribute 8.5% to GDP

New Delhi: India’s gem and jewellery sector already contributes 7.5 per cent to the country’s GDP, and with rising gold prices, this is expected to reach 8.5 per cent, said Avinash Gupta, Vice Chairman, Gem & Jewellery Council (GJC), said here on Saturday.

He was addressing a gathering at Delhi Jewellery & Gem Fair (DJGF) Signature 2025 at Bharat Mandapam.

"Delhi has emerged as a key hub for North India’s jewellery trade, creating new opportunities for jewellers across the country.  The gems and jewellery industry is a wealth-building asset, aligning with the PM’s vision of Viksit Bharat," he said.

The first edition of Delhi Jewellery & Gem Fair (DJGF) Signature kicked started at Bharat Mandapam here on Saturday  with around 120 premium exhibitors participating in the event.

Informa Markets in India, the country’s leading B2B event organizer, organised the event which provides a vital platform for exhibitors to unveil their latest designs, strengthen brand positioning in the premium segment, and engage with key stakeholders in the jewellery industry, said a statement.

“India’s gem and jewellery sector is projected to reach a valuation of $225-245 billion by FY35. The digital transformation in jewellery retail—expected to grow at a CAGR of over 15 per cent—is broadening market access, with omnichannel strategies enhancing brand loyalty, " said Yogesh Mudras, Managing Director, Informa Markets in India.

The three day event, which highlights India’s finest jewellery craftsmanship, is expected to attract more than 8,000 trade visitors across a sprawling 1 lakh sq. ft. exhibition space.