Archive · 6 Aug 2025
India Poised to Lead Global Jewellery Market by 2026
India's jewellery market is booming and is expected to become the world's biggest, ahead of the US, by 2026.
This is because India's market is growing much faster.
A jewellery company called Angara, which currently sells online, is opening physical stores in India to take advantage of this growth.
They will sell colored gemstones, which are becoming very popular, especially for engagement rings.
The company is also launching a new brand to sell jewellery based on astrology.
They believe that the changes in gold standards will also help grow the market.
India is projected to become the world's largest jewellery market by 2026, surpassing the US.
Angara, a D2C fine jewellery brand, plans to launch physical stores in India, starting in Q1 2026.
The Indian jewellery market is growing at 10-15% annually, while the US market grows at 4-5%.
Colored gemstones are gaining popularity, with their global market share increasing.
Angara is launching a sister brand for the astrological market, catering to gemstone purchases.
- Who
- Ankur Daga, CEO of Angara
- What
- India is set to become the largest jewellery market.
- When
- By 2026.
- Where
- India and the US.
- Why
- India's market is growing faster than the US market.
Natural Diamonds
Lab-Grown Diamonds
Diamond Demand
Natural Diamonds
Demand has declined by 2-3% annually.
Lab-Grown Diamonds
Demand for lab-grown diamonds is rapidly rising.
- Projected Market Leadership
- India, by 2026
- Current Market Size (approx.)
- $85 billion (India and US)
- Angara Store Launch
- Q1 2026 (Bengaluru, Mumbai, Delhi, Jaipur)
- India Market Growth Rate
- 10-15% annually
- US Market Growth Rate
- 4-5% annually
- Angara Revenue Goal (2030)
- $1 billion