Vinay Gupta’s Post

I stumbled across this research about the jewellery market in Asia Pacific, which gave a refreshingly optimistic view of the region. All too often we get stuck in the negative headlines, notably about the slowdown in China. The region is far more nuanced and broader than that. There are pockets of growth that should raise the interest of those in the trade. The Asia Pacific jewellery market is forecasted to register a compounded annual growth rate of 4.9% through to the end of the decade, according to a report by Horizon Grand View Research, a data analytics and research company. The market totaled $211.78 billion in 2023 and was projected to grow to $296.28 billion by 2030. The researchers concluded that Asia Pacific is the fastest growing regional market for jewellery and is projected to be the largest by 2030. To clarify, the report accounts for the wider jewellery category, not just diamonds, so certain sub-segments will likely carry the load, and those will likely be lower priced jewellery as well as gold jewellery. In addition, from the sample I read, the report extended beyond the traditional Asia Pacific region. Of course it included China, Japan, and Korea, but it also appeared to include southeast Asia as well as India, which it expects will register the highest growth over the next six years. Rings were the largest product segment accounting for 30% of revenue in 2023, while necklaces were the fastest growth category. Sometimes these reports can be a bit vague in their methodology and conclusions. But I believe the underlying story of growth in the region is correct. From my experience and viewpoint, there is growth in the broader region, particularly when we consider India and some less traditional jewellery markets in southeast Asia, such as Singapore, Vietnam and Indonesia. So, we can afford ourselves an overall optimistic outlook for Asia Pacific. The story of jewellery in the region runs far deeper than the coverage to which we are generally exposed. Let me know what you think! #JewelleryIndustry #AsianMarket https://lnkd.in/gaXdJnRt

Gold price surge impact: Indian jewellers now betting on diamond jewellery in 14-carat gold instead of 18-carat Full Article Link >>> https://lnkd.in/gr4Kn9ea Gold prices surge: The recent increase in gold prices over the past six weeks has led to a rise in the cost of diamond jewellery in India, resulting in a decrease in demand. In an effort to reduce prices and encourage customers to resume purchasing, many jewellers have started using lower carat gold in their […] . . Latest IND . . . . #trendingnews #newstrending #trendingtopicnews #lifestyle #business #news #healthylifestyle #smallbusiness #supportsmallbusiness #lifestyleblogger #luxurylifestyle #businessowner #businesswoman #smallbusinessowner #businessnews

India’s Gem Giants Hold Fast: The Lab-Grown Diamond Dilemma Despite the global surge in lab-grown diamonds (LGDs), India’s top jewellery chains, including Kalyan Jewellers and Tanishq, are treading cautiously. The reluctance stems from a notable lack of consumer interest within the country, besides low demand. The Indian trend is in contrast to growing popularity globally. Indian retailers like Joyalukkas remain cautious about integrating LGDs into their stores. Large jewellery chains such as Malabar Gold & Diamonds and Senco Gold and Diamonds echo similar sentiments, citing low demand and a preference to not mix LGDs with natural stones at their counters. The local market’s readiness to accept LGDs is under scrutiny, as consumers traditionally view diamonds as an asset with resale value, not merely fashion jewellery. The numbers speak volumes. According to the The Gem and Jewellery Export Promotion Council (India), gross exports of polished LGDs fell by 18.5% year-on-year to $1,278 million. In contrast, the decline in cut and polished natural diamonds was steeper at 28%. This data suggests a global shift towards LGDs, driven by economic factors and sanctions on Russian diamonds. However, the Indian market remains unmoved. The wholesale price for a carat of LGD hovers between INR 20,000-25,000, while a natural diamond’s retail value can soar to INR 3-5.5 lakh. This significant price differential underscores the consumer’s perception of value and investment. Retail and e-commerce are integral parts of Technopak's consulting business. #LGDs #JewelleryIndustry #DiamondMarket #SustainableJewellery #ConsumerPerception

: 💎 India’s Jewelry Revolution: Why Corporate Giants Are Chasing Gold! 💎 You won’t believe this: the world’s oldest, most traditional market is getting a MASSIVE corporate makeover! 👑✨ 🚨 Big players like Tata’s Tanishq and Reliance Jewels are diving into India’s jewelry scene. But why? 🤔 💥 Here’s what’s happening: 🔸 A $75 billion opportunity shining brighter than ever! 🔸 A wave of millennial & Gen Z shoppers looking for modern, everyday jewelry. 🔸 Digital-first shopping: from gold to diamonds, it’s all going online now. 🔸 Trust issues? Say goodbye! Big brands are bringing transparency and reliability. What’s next? Indian jewelry going global! 🌏 Curious about how these corporate giants are shaking up the game? 🎯 Click the article below to discover how they’re turning gold into more than just a fashion statement. It’s becoming the future of business! 🚀 #JewelryRevolution #LuxuryJewelry #BigBrands #IndianMarket #CorporateGoldRush #Tanishq #RelianceJewels #BusinessInnovation #JewelryTrends TANISHQ JEWLLERYS | Kalyan Jewellers India Limited | ORRA Fine Jewellery 👇 Click here to dive into the story that everyone’s talking about! 👇

Kalyan Jewellers (NSE: KALYANKJIL), an Indian jewelry chain, is gearing up for rapid expansion by shifting its focus to regions beyond its traditional stronghold of South India. Dive into the analysis: https://hubs.li/Q02mcY1s0 #VisibleAlphaConsensus #MarketInsights

Top jewellery chains shy away from lab-grown diamonds amid lack of consumer interest. Top jewellery chains like Kalyan Jewellers and Tanishq are hesitant to adopt lab -grown diamonds due to low demand. Read More; https://rb.gy/x1rrck #LuxuryCruxx #LuxuryConnect

Gold price surge impact: Indian jewellers now betting on diamond jewellery in 14-carat gold instead of 18-carat Full Article Link >>> https://lnkd.in/gmPW6imu Gold prices surge: The recent increase in gold prices over the past six weeks has led to a rise in the cost of diamond jewellery in India, resulting in a decrease in demand. In an effort to reduce prices and encourage customers to resume purchasing, many jewellers have started using lower carat gold in their […] . . Latest IND . . . . #trendingnews #newstrending #trendingtopicnews #lifestyle #business #news #healthylifestyle #smallbusiness #supportsmallbusiness #lifestyleblogger #luxurylifestyle #businessowner #businesswoman #smallbusinessowner #businessnews

Exciting news for the jewelry industry! According to a recent report by GlobeNewswire, the global jewelry market is projected to reach a value of USD 432.8 billion by 2033, with a CAGR of 3.42%. This promising growth reflects the enduring allure of jewelry and the evolving consumer preferences driving the market forward. As a part of this dynamic industry, it's inspiring to see such positive projections for the future. Let's continue to innovate and create beautiful pieces that capture the hearts of consumers worldwide. #JewelryIndustry #MarketTrends #GlobalGrowth

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Peridot Jewelry market size is expected to grow at a compound annual growth rate of xx% for the forecast period of 2024 to 2030. Market IntelliX report on Peridot Jewelry market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market's growth. #PeridotJewelry, #AugustBirthstone, #PeridotGemstone, #GreenJewelry, #PeridotEarrings, #PeridotNecklace, #PeridotRing, #PeridotBracelet, #NaturalPeridot, #PeridotFashion #marketgrowth #businessinsights #industryanalysis #southkorea #marketoutlook #growthprojections #marketstatistics