The Indian diamond jewellery market is anticipated to surge to $17 billion by 2031, according to insights shared by De Beers at the GJEPC’s InnovNXT, Forty Under 40 Leadership Summit. This projection indicates a significant rise from its $79 billion valuation in 2021 within India's overall gem and jewellery sector, which is expected to reach $120 billion.

The summit highlighted various key trends and strategies shaping the industry. It emphasized the importance of storytelling, symbolism, and digital innovation in attracting consumers towards jewellery. Moreover, it explored the potential of customer-centric digital approaches, leveraging platforms like WhatsApp for engagement and monetization, and adopting branded content strategies to resonate with Gen Z and Millennial consumers.

Additionally, sessions delved into global and India-specific trends in gold and diamond demand, with forecasts indicating a record year for gold mine production and steady jewellery demand amid fluctuating gold prices. The event also celebrated young talent and innovation in the jewellery sector, recognizing outstanding achievers through the Forty Under 40 initiative.

The summit's discussions were diverse, covering topics ranging from digital payment revolution to success stories of industry disruptors like CaratLane and Pharmeasy. Insights from industry leaders underscored the importance of innovation, collaboration, and storytelling in navigating the evolving landscape of the gem and jewellery sector.

Overall, the InnovNXT Leadership Summit provided a platform for industry stakeholders to exchange ideas, foster collaboration, and envision the future trajectory of the jewellery industry.