Archive · 22 Aug 2025
India's Jewellery Market Sees Rise in 'Affordable Luxury'
In India, people are starting to buy jewelry differently.
Instead of just buying expensive pieces for special occasions, they're now looking for stylish, everyday jewelry that doesn't cost as much.
This is because of changes in how people spend money, with more focus on getting good value and expressing themselves.
Brands are making new jewelry lines to fit this trend.
The market for lab-made diamonds is growing too.
This new trend of buying more affordable jewelry is becoming a big part of how jewelry is sold in cities across India.
Indian jewellery market witnesses shift towards 'affordable luxury'.
Younger buyers seek stylish, versatile, and value-driven pieces.
Lab-grown diamonds offer similar sparkle at lower prices.
Jewellery is increasingly seen as a form of personal expression.
Affordable luxury contributes 35-40% of organized retail sales.
- Who
- Consumers and jewelry brands.
- What
- Shift in Indian jewelry market towards affordable luxury.
- When
- Recent trend, post-pandemic.
- Where
- India.
- Why
- Changing consumer preferences for value, self-expression, and versatile jewelry.
- Market Shift
- Towards 'affordable luxury'
- Driven By
- Changing consumer preferences
- Popularity
- Lightweight, versatile pieces
- Lab-Grown Diamonds
- Accounted for $0.4 billion of India's $6.2-billion diamond jewellery market in FY25
- Contribution of Affordable Luxury
- 35-40% of organized retail sales in urban India