Ahead of the Union Budget 2026–27, leading jewellery retailers, manufacturers and industry bodies outline expectations on GST, import duties, exports, digital gold regulation, working capital, and policy reforms to strengthen growth.

Khimji Jewellers has appointed Rajat Verma as Chief Marketing Officer to oversee brand strategy, marketing operations and support retail expansion initiatives as part of the company’s leadership team in India.

Shringar House of Mangalsutra Limited was recognized by Indriya, Aditya Birla Group’s fine jewellery brand, on December 22 2025, in Mumbai for long-term strategic manufacturing alignment and innovation focus.

Shineshilpi has announced the launch of The Shine House, a new B2B jewellery sourcing hub in Zaveri Bazaar, Mumbai, expanding its infrastructure to support retailers and manufacturers with centralised operations.

PC Jeweller has partnered with the Uttar Pradesh government to help 1,000 certified goldsmiths transition into jewellery entrepreneurs through training, market access and support under state and central schemes.

Indian jewellery retail is undergoing a quiet but powerful shift. Consumers are not buying for rituals or gold value anymore — they are buying for identity, wearability, and emotional connection. Retailers must adapt or risk falling behind.

The ICRA report projects a robust 14-18% year-on-year growth in India’s gold jewellery consumption for FY25, driven by factors like the customs duty cut, festive demand, and rural income boost. Organised retailers are expected to lead the growth with network expansions and rising consumer preference for branded jewellery

The domestic gold jewellery industry is projected to grow by 14-18% year-on-year in FY25, according to an ICRA report, despite expected volume contraction

The World Gold Council has announced that Somasundaram PR, Regional CEO, India, will step down from his current position next year when his successor has been appointed.

Finance Minister Nirmala Sitharaman will present the budget on the Parliament on February 1, 2023. With the approaching central elections, popular consensus on this year’s budget is that it would be growth-oriented, with a focus on infrastructure, inflation, manufacturing and rural economy

A reduced import duty will make gold smuggling less attractive and will eventually drive the illegal gold out of the markets.

This World Gold Council report states that chain stores comprise 35% of India’s retail gold jewellery market and that they are poised to grow in the next 5 years

GIVA plans to deploy the capital in driving channel expansion to diversify its jewellery to enter new categories

Kushal’s Retail is a Bangalore-based jewellery retailer