The industry of Jewellers in India forms one of the most colorful and significant sectors in the economy of the country. Indian jewelers are centuries old and tend to combine centuries of handcraft with the new concepts of making jewelry. This guide reviews the influential best Jewellers in India that have transformed the market, provides the answer to why they are successful, the size of the market and why millions of people are fond of having the good jewels whenever they want to attend a wedding or party, or even on their day out.
Overview of India’s Booming Jewelry Market
India has always had a special relationship with jewelry — it’s not just adornment, it’s tradition, celebration, and even investment. In 2025, the industry is shining brighter than ever.
Growing Bigger by the Year
The Indian jewelry market is now valued at around ₹7.3 lakh crore (~US$85B) and is expected to reach ₹11 lakh crore by 2030. With a steady growth rate of 5% per year, the industry is thriving. Over 5 million skilled artisans are employed in crafting everything from traditional gold bangles to high-end designer pieces. Plus, exports bring in a whopping ₹2.43 lakh crore (~US$28.5B), making jewelry a key contributor to India’s economy.
And it’s not just shops in bustling markets—online jewelry sales are booming.
What Shines the Brightest
- Gold still rules, making up 70% of sales — after all, it’s a classic.
- Diamonds are gaining fans, including lab-grown options that appeal to younger buyers.
- Platinum is a favorite among urban professionals looking for sleek, modern styles.
- Luxury & Bridal collections are stealing the spotlight, attracting celebrities and affluent buyers alike.
Profits
Making jewelry is an art — and it’s priced accordingly. Crafting charges range from 8–25% depending on design complexity. Diamonds bring higher margins than gold, and strong brand names can charge a premium because people trust them. Large operations benefit from bulk buying, while certified hallmarked jewelry gives buyers confidence and retailers better profits.
Top 10 Jewellers in India
1. Malabar Gold and Diamonds
- Founded In: 1993
- Founder: M.P. Ahammed
- Headquarters: Kozhikode, Kerala
- Revenue: Approximately ₹30,000 crore annually
- Market Share: Leading position with extensive global reach
- Popularity: Highly recognized across India and Middle Eastern markets
- Product Quality: Premium craftsmanship with international quality standards
Malabar Gold and diamonds can be considered one of the leading Jewellers in India. They are characterized by quality and good customer service. Their number of showrooms is numerous in India as well as outside the country. They have a wide range of jewelry in both vintage and contemporary preferences. Their prices are presented clearly, they utilize quality certificates and also publish new designs. This has gained them loyal consumers. The large majority of their jewelry is bridal and everyday, and they appear to be increasingly large both in large cities and in towns of fewer sizes.
Major Products:
- Bridal ornament sets
- Diamond necklaces
- Gold bangles
- Platinum rings
- Temple jewelry
https://www.malabargoldanddiamonds.com
2. Tanishq
- Founded In: 1994
- Founder: Tata Group
- Headquarters: Bengaluru, Karnataka
- Revenue: Approximately ₹20,000 crore annually
- Market Share: Strong presence with significant brand recognition
- Popularity: Most trusted jewelry brand across urban India
- Product Quality: Exceptional craftsmanship with certified purity standards
One of the Tata groups, India Tanishq has transformed the Jewellers in India. They initiated open pricing and hallmarking. The brand blends between the ancient and modern designs. They have a broad selection of jewelry sold to work, wedding jewelry and every day jewelry. Tanishq employs advertisements and celebrities to access a large number of homes. It is particularly enjoyed among middle and high-middle class individuals who are interested in quality, modern styles and promises of purity. The Tanishq franchise requirements include factors like investment capacity, store location, and adherence to the brand’s premium retail standards.
Major Products:
- Wedding collections
- Diamond earrings
- Gold chains
- Contemporary pendants
- Luxury watches
https://www.tanishq.co.in
3. Joyalukkas
- Founded In: 1956
- Founder: Joy Alukkas
- Headquarters: Thrissur, Kerala
- Revenue: Approximately ₹14,000 crore annually
- Market Share: Substantial presence in South India and international markets
- Popularity: Well-recognized brand with celebrity endorsements
- Product Quality: High-quality craftsmanship with diverse design options
Joyalukkas is a more than 60 year old international Jewelers in India. It began in Kerala and it has stores across the world at the moment. The company is characterized by innovative designs that reflect Indian culture. They provide jewelry on every occasion and at varied prices. They listen to consumers, are transparent with regard to pricing, and give customers numerous products. This has developed a customer base.
Major Products:
- Gold ornaments
- Diamond collections
- Bridal sets
- Platinum jewelry
- Designer pieces
https://www.joyalukkas.in
4. Kalyan Jewellers
- Founded In: 1993
- Founder: T.S. Kalyanaraman
- Headquarters: Thrissur, Kerala
- Revenue: Approximately ₹10,000 crore annually
- Market Share: Strong regional presence expanding nationally
- Popularity: Widely recognized through celebrity brand ambassadors
- Product Quality: Excellent craftsmanship with customer satisfaction focus
Kalyan Jewellers is a contemporary firm which has integrated some of the traditional and emerging Jewellers in India. It has been expanding rapidly through the establishment of additional stores, as well as advertising with the help of movie stars. They aim at providing their customers with a good experience, transparent asking price, and quality, which most customers love. Kalyan Jewellers produces a wide variety of wedding and day to day jewelry, which remains based on vintage designs, but brings modern design concepts into their products. The Kalyan Jewellers dealership cost varies based on location and store size, offering investors a premium opportunity in India’s gold retail market.
Major Products:
- Wedding jewelry
- Gold collections
- Diamond sets
- Antique designs
- Contemporary pieces
https://www.kalyanjewellers.net
5. PC Jeweller
- Founded In: 2005
- Founder: Balram Garg
- Headquarters: New Delhi, India
- Revenue: Approximately ₹8,000 crore annually
- Market Share: Significant presence in North Indian markets
- Popularity: Known for extensive showroom network
- Product Quality: Modern designs with competitive pricing
PC Jeweller is even younger as compared to its counterparts who are in- more jewelers but still has expanded very quickly in the northern Indian region. The company concentrates on contemporary fashions that appeal to young individual couples getting into marriage. Their product line of diamonds and gold are also very diverse and of low cost so as to attract a big number of customers. PC Jeweller is also focusing on the contemporary shopping experience and fashionable lines, which is a unique position in a competitive market.
Major Products:
- Bridal collections
- Diamond jewelry
- Gold ornaments
- Fashion jewelry
- Wedding rings
https://www.pcjeweller.com
6. Bhima Jewellers
- Founded In: 1925
- Founder: Bhima Bhattar
- Headquarters: Kochi, Kerala
- Revenue: Approximately ₹5,000 crore annually
- Market Share: Strong presence throughout South India
- Popularity: Trusted heritage brand with loyal customers
- Product Quality: Traditional craftsmanship with authentic designs
Bhima Jewellers is not a new company and it maintains the trust of their customers in their many generations. The brand focuses on classic South Indian jewellery particularly temple and wedding jewellery. It has a good reputation as far as quality gold and decent deals go and will be a good shop to visit whenever a customer has a large family seeking quality antiques. Bhima Jewellers has been expanding with the traditions that made the company.
Major Products:
- Temple jewelry
- Traditional gold
- Bridal collections
- Antique pieces
- Heritage designs
https://www.bhimagold.com
7. Tribhovandas Bhimji Zaveri (TBZ)
- Founded In: 1864
- Founder: Tribhovandas Bhimji Zaveri
- Headquarters: Mumbai, Maharashtra
- Revenue: Approximately ₹4,000 crore annually
- Market Share: Premium positioning in western India
- Popularity: Historic brand with strong reputation
- Product Quality: Exceptional craftsmanship blending tradition and modernity
TBZ is among the oldest Jewellers in India that have remained in business over 150 years. The house started out as a conventional jeweler but currently deals in modern retail goods without having to compromise on quality or past. Special designs of its collections include complex works strengthening the traditions and appropriate to the modern taste. The flagship shop in Mumbai along with a developing number of shops assists clients in search of quality jewelry which has a historical context and significance.
Major Products:
- Heritage pieces
- Diamond jewelry
- Bridal sets
- Gold ornaments
- Contemporary collections
https://www.tbztheoriginal.com
8. Senco Gold and Diamonds
- Founded In: 1938
- Founder: Suvankar Sen
- Headquarters: Kolkata, West Bengal
- Revenue: Approximately ₹2,500 crore annually
- Market Share: Dominant presence in eastern India
- Popularity: Regional favorite with expanding national footprint
- Product Quality: Intricate craftsmanship at accessible prices
Senco Gold and Diamonds appreciates the local preferences and at the same time delivers contemporary designs. The company is also a specialist in Bengali bride jewelry in classic design. The quality and low prices ensure that they are attractive to middle-class consumers. Senco has also gone outside eastern India, which is an indication that it can redesign to serve most cultural levels.
Major Products:
- Bengali jewelry
- Gold collections
- Diamond ornaments
- Contemporary designs
- Wedding sets
https://sencogoldanddiamonds.com
9. Amrapali Jewels
- Founded In: 1978
- Founder: Rajiv Arora and Rajesh Ajmera
- Headquarters: Jaipur, Rajasthan
- Revenue: Approximately ₹1,500 crore annually
- Market Share: Niche luxury segment positioning
- Popularity: Celebrity favorite and international recognition
- Product Quality: Exquisite handcrafted luxury pieces
One of the unique features of Amrapali Jewels is its concentration on luxury pieces made of hands and inspired by the traditions. The brand has received global recognition and exhibited in the leading exhibitions across the world. Their products combine the traditional Indian craftsmanship with new fashions, which has appealed to celebrities, collectors and connoisseurs. Amrapali is also preserving the historical skills of jewelry designers as they make new pieces of art; this differentiates the brand in the high-end market.
Major Products:
- Heritage jewelry
- Handcrafted designs
- Luxury collections
- Artistic pieces
- Contemporary fusion
https://www.tribeamrapali.com
10. Shubh Jewellers
- Founded In: 2012
- Founder: Rajesh Mehta
- Headquarters: Bengaluru, Karnataka
- Revenue: Approximately ₹1,000 crore annually
- Market Share: Growing presence in southern markets
- Popularity: Emerging brand with value proposition
- Product Quality: Good craftsmanship at affordable prices
Shubh Jewellers is a comparatively new brand having support of Rajesh Exports Group. The objective is to make good Jewellers in India to be affordable by the middle-income individuals without reducing the design and purity. Their assortments combine classic and new, and they are targeting low-end clientele that desire weddings and new everyday looks. The portability of value-driven brands within the diverse jewelry industry in India can be seen through Shubh.
Major Products:
- Affordable gold
- Traditional designs
- Wedding collections
- Contemporary jewelry
- Daily wear
https://www.shubhjeweller.com
Jewelry Business Profitability & Income in India
Given that the business proprietors invest in quality, build good goods, and deliver good services, jewelry can bring lots of money on the table. The awareness on profits type assists people in India in getting into jewelry businesses.
- Inv. Returns: Well-managed stores → 15–30%/yr.
- Inventory Mgmt: Track stock → lower storage costs & ↑ profits.
- Cust. Retention: Repeat buyers → lower ad costs & ↑ LTV.
- Cert. Premium: Hallmarked jewelry → higher price & loyal customers.
- Diversification: Variety in jewelry → lower risk, stable revenue.
Avg. Earnings
- Small Retailers: ₹5–15L/yr
- Medium Biz (multi-store): ₹50L–2Cr/yr
- Large Chains: ₹170Cr+/yr
- Craftsmen/Designers: ₹30k–1L/mo (~₹6.6–7.8L/yr)
- Online Ventures: Higher margins & lower costs
Key Trends 2025:
- Market size: ₹7.3L Cr (~$85B), growing rapidly
- Exports high due to India-UK CETA → $2.5B/3yrs
- Govt support: Maharashtra ₹13.8K Cr allocation for gems/jewelry sector
- Luxury margins: 50–300%, Fashion/online: 25–75%
Success Tips: Quality, certification, stock mgmt, repeat customers, diversified portfolio
Factors Affecting Profit
- Prices of Gold: When gold prices fluctuate directly, this will impact on the level of inventory costs and acquisition of gold by customers.
- Location Strategy: Good places draw higher customers besides increase in the business costs.
- Design Innovation: Special designs will be more profitable than generic material mass-produced jewelry.
- Brand Reputation: Indian jewelers which have a reputation will receive customer trust to charge high prices.
- Marketing Investment: A lot of advertising will create awareness however this needs to be in lieu of profit.
Income Potential for Small vs. Large Jewelry Stores
| Feature | Small Retailers | Large Chains / Multi-Store |
|---|---|---|
| Annual Revenue | ₹5–15 lakh | ₹50 lakh – ₹170+ crore |
| Profit Margin | ~15–30% | 20–50% (luxury), 25–75% (online/fashion) |
| Customer Base | Local / neighborhood | Pan-India, online & offline |
| Investment Required | Low to moderate | High (multiple stores, branding, inventory) |
| Staff / Craftsmen | 1–5 employees | 50–500+ employees |
| Growth Potential | Limited by location | High: multiple branches & e-commerce |
Factors Behind Success of Top Jewellers
Jewellers in India Leaders of jewellery organisations bear characteristics that have enabled them to remain leaders and remain successful over the years.
- Quality Assurance: Good quality and purified on a regular basis causes a high level of customer confidence and allegiance.
- Design Innovation: The customer is never bored with fresh collections and this attracts new segments of buyers.
- Customer Experience: Shopping experience: Excellent service is an unforgettable experience and this leads to returning to shop and referring clients.
- Clear Pricing: Explicit Pricing is based on Hidden Fee- Continuous competitive prices are seen by the skeptical buyer as credible.
- Cultural Sensitivity: Local experience provides an understanding of local taste which is then used by jewelers to create related collections in India.
Tips for Aspiring Jewelers in India
To venture into jewelry business requires thorough decision, finances, and capital as well as the understanding of the trends in the market and successful Indian jewelers are well aware of them.
- Market Research thoroughly investigates the local tastes or competitive levels, as well as prices, before commencing.
- Quality Focus: Do not make a profit by reducing the purity of gold or the quality of its craft.
- Certification Significance: Achieve the right hallmarks and certificates to have the trust built fast.
- Digital Presence: Have an active digital presence, through websites and social media.
- Customer Relationship: Develop personal relationships with customers and be a long-term success.
Conclusion
The Jewellers in India and it is a blend of culture, art and business. The jewelers here are portrayed as the jewelers in India who continue maintaining high quality, market knowledge, and market adjustment to make sure that the success is attained. As a customer anticipating reliable brands when making special occasions or looking as a company to venture in this lucrative market, it is worth considering the leaders of the industry sector.
The Indian jewelers continue to evolve, both in technology and newer innovations without neglecting the traditional craft that has seen Indian jewelry rise to fame across the world. With the industry expanding and tastes and preferences of these customers shifting, these popular brands and emerging competitors will influence how India will go in jewelry to continue its vibrant, trusted and culturally significant life for many years to come.
Frequently Asked Questions
Which jewellers are the most trusted in India to do the bridal jewelry?
Wedding jewellery is among the most trusted products of Tanishq, Malabar Gold and Birds, and Kalyan Jewellers. Good quality and versatility of company options is familiar with them.
What are some of the things I should believe when selecting jewellers in India?
Certification, evidence that the presence of the metal is pure, good crafts, transparent prices, stars post sales service, and exemplary reputation are some things to look at before purchase.
Can the online Indian jewellers be trusted when buying gold jewelry?
A large number of the large brands have trusted online sites. Their price documentations, refund, and quality assurance policies are provided just as on their brick and mortar outlets.
How profitable is it to start up a business of Jewellers in India?
A jewelry company can make 1530 percent profit annually provided you run it well, concentrate on quality and the place of venue.
