Future India Artificial Jewelry Market: Key Dynamics, Size & Share Analysis

The India Artificial Jewelry Market size is valued at around USD 4.98 billion in 2025 and is projected to reach USD 9.73 million by 2032. Along with this, the market is estimated to grow at a CAGR of around 10.04% during the forecast period, i.e., 2026-32.

Top Market Challenges Impacting the India Artificial Jewelry Market Growth

The Indian government has allocated USD27.3 million over five years to IIT Madras for the India Center for Lab-Grown Diamond (InCent-LGD) to build domestic capabilities in LGD machinery, seeds, and CVD/HPHT technologies. This reduces dependency on imported raw LGD inputs and technology, lowers upstream production costs, and supports fast scaling of local lab-grown diamond production, which feeds into artificial jewelry manufacturing. For instance, as India manufactures more of its LGD components domestically, artificial jewelry makers can source stones at lower cost, improving margins, reducing lead times, and enabling competitive pricing. This initiative also positions India as a global export hub for affordable lab-grown gemstones integrated into fashion and imitation jewelry.

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Understanding the Core Segments in the India Artificial Jewelry Market

India Artificial Jewelry Market Size, Share & Industry Trends Analysis- By Type (Necklaces and pendants, Earrings, Rings, Bracelets and bangles, Anklets and toe Jewelry, Others), By Material (Metal-Based, Silver-Based, Synthetic, Glass & Crystal, Textile, Others), By Price tier (Premium, Mid-market, Mass value), By End-User Demographics (Women, Men, Unisex), and others.

Geographical Analysis of the India Artificial Jewelry Market

By Region

• North
• East
• South
• West
• Central.

Who Dominates the India Artificial Jewelry Market Insights on Key Industry Players?

Companies are strengthening their presence in the India Artificial Jewelry market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services.

• Emporia Jewels
• Isharya
• Johori
• Pipa Bella
• Priyaasi
• Rubans
• Sukkhi
• Tribe Amrapali
• Voylla
• Zaveri Pearls
•  

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