Jewelry & Gemstones

Jewelry and Gemstones - Market Size, Share, Growth, Trend

1. Overview

In 2021-22, India's exports of gems and jewelry were worth US$ 39.14 billion, up 54.13 percent over the previous year. To the tune of $1.48 billion in October 2022, India exported a lot of precious stones and jewelry. The Indian government has set a goal of US$ 70 billion in jewelry exports in the next five years (until 2025)—a significant increase from the current target of US$ 35 billion.

2. Market Share

Jewelry often features gemstones, which are precious or semiprecious stones that have been cut and polished for use in ornamentation. Gemstones are not limited to minerals; in fact, many rocks and organic materials that are not technically minerals are also utilized in jewelry.

3. Market Growth

Consumers' purchasing power has increased dramatically as a result of the rapid rise in combined household income. As a result, people now have more money to spend, which has raised the general standard of living. Also, women in India have gained more economic independence as their education levels have improved, since more women are now entering the labor field.

4. Trends

The Indian government is actively working to expand the country's gems and jewelry industry through a number of new programs. The Ministry of Consumer Affairs, Food, and Public Distribution, for instance, mandated Hallmarking of gold in 2021 so that its proportional composition could be accurately ascertained.

History of Indian Jewelry and Its Origin

1. The history

Since India and its jewelry share a nearly identical age, learning about the former can teach us about the latter. It was around the year 5000 BCE that people first became interested in beautifying themselves with jewelry. The allure of jewelry and the beauty of Indian women who wear it have been inseparable from the very beginning of the trip.

Jewelry in India is not only worn for ceremonial and decorative purposes, but also as a hedge against economic uncertainty.

Jewelry from India has long been used to accentuate the grace and elegance of traditional Indian dances like kuchipudi, kathak, and bharatnatyam. Bollywood actresses, models, and classical dancers all use dazzling Indian jewelry to create a stunning visual effect.

2. Importance of Jewelry in an Indian Woman’s life

Gifts of jewelry are commonly given to Indian women, beginning with their own births and continuing through the births of their children, demonstrating the cultural importance of jewelry in India.

While the jewelry worn by women in various Indian states can vary greatly in terms of style, the maangtika, earrings, nose rings, necklace, mangalsutra, and bangles worn by Indian women—especially married women—remain consistent across the country.

Types of Stones in Jewellery in India

1. Morganite

A wonderful option for a woman's engagement ring, morganite has a Mohs hardness of 7.5-8 and has a delicate pink color. Healing, compassion, inner strength, joy, and unconditional love are all qualities linked with morganite stone. The tiniest amount of manganese present in a Morganite crystal is all it takes to give it its distinctive pink hue. The rapid accumulation of filth and grime is morganites' primary drawback.

2. Aquamarine

Aquamarines are also incredibly hard crystals that can reach a Mohs scale of 7.5 to 8. However, aquamarines outlast their emerald relatives. Aquamarine has long been associated with health, bravery, and wisdom.

3. Pearl

It is the only gem that is actually generated inside of a live creature, which is why it is sometimes referred to as the "Queen of gems." While pearls can take on a wide range of colors during their formation, white and cream-colored pearls are consistently the most popular and in-demand. A pearl is a symbol of innocence and chastity.

4. Emerald

With a Mohs hardness of 7.5-8, emerald is a beautiful green stone that is perfect for those who appreciate nature. A wide range of green to bluish-green tones characterizes emerald.

5. Sapphire

The corundum family includes this additional gemstone. Fancy pink, yellow, orange, peach, or violet sapphires are also widely available. But bluestone sapphire is the most renowned of all sapphires.

6. Ruby

This incredibly long-lasting stone has a hardness of 9, making it extremely resistant to scratching. The most brilliant and expensive variety of ruby is the Burmese Ruby, a deep red colored stone with a subtle blue hue. After colored diamonds, rubies command a price tag of $100–$15,000 per carat, making them the most expensive of all colored gemstones.

7. Diamond

When compared to other stones, diamond has a Mohs hardness scale value of 10, making it the hardest. Diamond engagement rings are always appropriate. Given its resilience, it's hardly surprising that diamonds are commonly used to represent eternal love.

Different Types of Gemstones and Their Importance

1. Zircon

Zircon, the earth's oldest Jewelry & Gemstones, is mostly located there. Stunning hues including sea blue, green, red, yellow, brown, and orange can be found in this unique jewel.

• Importance: It's a symbol of success, respect for oneself and others, and enlightenment. Furthermore, it aids in restful sleep by preventing the occurrence of nightmares.

2. Turquoise

Turquoise, sometimes called the robin's egg, is a semiprecious stone that can be found in a variety of beautiful shades of blue and green.

• Importance: Besides its purported protective and restorative properties, it is also thought to ward off the evil eye.

3​​​​​​. Topaz

Yellow, brownish, honey, green, blue, red, pink, and translucent topaz is just a few of the many colors available for this popular gemstone.

• Importance: This precious stone has been attributed with magical healing and defense capabilities.

4. Tanzanite

Many people enjoy wearing jewelry made from these stones because of their many shapes and colors.

• Importance: It has been believed that this miraculous gem will give you the strength to overcome adversity and the insight into who you really are.

5. Spinel

Spinels are sometimes referred to as the "daughter of ruby" due to their similarity in color to the ruby.

• Importance: Some people think that wearing amulets can prevent harm, alleviate melancholy, and smooth over interpersonal tensions.

6. Sapphire

The most expensive of these violet-blue stones may be discovered in Myanmar, Kashmir, and Sri Lanka, but you can get cheaper ones all over the world.

• Importance: It represents truthfulness, innocence, trust, and loyalty.

Types of Jewelry in India

1. Temple Jewellery

Temple jewelry, which was once only seen as fit for the Gods and Goddesses, is increasingly popular in southern India and other parts of the country.

2. Prayer Jewelry

Beads, ropes, malas, ropes, rosary beads, etc., are all examples of prayer jewelry that can be seen in practice across India's many faiths.

3. Swamy Jewelry

Swamy Jewellery is an ancient style of jewelry that has been made in particular regions of Tamil Nadu for millennia.

4. Sarpech

Sarpech are the elaborate turban embellishments worn by Hindu and Muslim royalty.

5. Thewa Jewelry

To create their jewelry, Thewa artisans combine a thin film of gold with molten glass in colors that are reminiscent of precious stones.

6. Polki Jewelry

Polki jewelry is jewelry that features diamonds in their natural, unaltered state.

7. Filigree Jewelry

Filigree jewelry is silver jewelry that has been meticulously made and can range from simple to elaborate in design.

8. Fashion Jewelry

Fashion jewelry, also known as costume jewelry, is less expensive and more easily replaceable than fine jewelry because it is not constructed of precious metals or stones.

9. Custom Jewelry

Simply put, custom jewelry is jewelry that has been made specifically for the wearer. It's based on what people want to buy, so it's bound to be interesting.

10. Tribal Jewelry

Tribal jewelry has a special rustic charm because it is designed specifically for each tribe and is crafted from materials like wood, bone, shells, and metals.

11. Gemstone Jewelry

Gemstone jewelry is a perennial favorite among Indians, who don it both for astrological protection and to enhance their appearance.

12. Platinum Jewelry

Platinum rings, earrings, necklaces, etc. are more popular because of the metal's rarity, purity, and adaptability.

13. Silver Jewelry

Indian jewelry is almost entirely made of silver, including rings, bracelets, chains, necklaces, nose rings, earrings, toe rings, armlets, etc.

14. Pachchikam Jewelry

Pachchikam jewelry is silver, not gold, which gives it a flashy yet rough appearance.

15. Navratna Jewelry

Navratna jewelry incorporates nine different gemstones into a single piece for the purpose of protecting the wearer.

16. Meenakari Jewelry

Meenakari jewelry is particularly stunning due to the combination of gold enamel and precious stones.

17. Lac Jewelry

The tradition of lac jewelry, also known as lacquer jewelry, began in Rajasthan and has now spread throughout India.

Conclusion

Many people believe that if they wear the right gemstone for them, it will solve their issues in life. Larimer, variscite, jasper, eoliths, etc. are only few of the gemstones that can improve your life in various ways. If you want your life to be easier, you need to choose the right gemstone.

FAQs: Jewelry & Gemstones

Q. What are the uses of Jewelry?

Ans. Here are the uses:

• Protection

• Artistic Display

• Function use such as pins, clasps , and buckles

• Currency, wealth display

• Storage

Q. Which type of Jewellery is famous in India?

Ans. Here are some popular Jewelry types in India:

• Antique Jewelry

• Bead Jewelry

• Kundan Jewelry

• Mangalsutra

• Navratna

• Meenakari

• Platinum

• Gemstone

Q. What are the 7 Natural Stones?

Ans. Here are 7 natural stones

• Black Tourmaline

• Carnelian

• Citrine

• Aventurine

• Lapis Lazuli

• Amethyst

• Clear Quartz

Q. Difference Between Jewellery and Ornaments

Ans. When we talk about jewelry, we're referring to pieces that are worn on the body, however when we talk about ornaments, we're referring to smaller objects that are used to embellish other spaces or things. Ornaments' primary function is aesthetic, but jewelry can have practical purposes as well.

Q. Which is the No 1 Jewellery in India?

Ans. Tanishq is India’s no 1 Jewellery brand and it is a part of Tate Group and TIDCO.