The Indian Jewellery market has grown from USD 50b in FY18 to USD 80B in FY24
Motilal Oswal Financial Services Ltd (MOFSL) suggest that the size of the Indian jewellery retail sector was close to USD80b (INR6,400b) in FY24
Raid on jewellery shop for alleged smuggling: India sees over 340 tonnes of gold smuggled into the country each year
The recent raid by the Directorate of Revenue Intelligence (DRI) and STF Punjab on a jewellery shop in Sarafan Bazaar has caused an uproar among the community. The shop's owner has been arrested for allegedly smuggling gold into India from Dubai.
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