The Indian economy heavily depends on the gems and jewellery industry, which accounts for 15% of all exports and about 7% of India’s GDP. Over 4.64 million people are employed there, with an expected increase to 8.23 million by 2022. It is one of the industries with the quickest growth rates, and it is very labour- and export-intensive.
The government designated the gems and jewellery sector as the focus area for export promotion based on its potential for growth and value addition. The government has recently implemented a number of initiatives to promote investment and improve technology and skills to market “Brand India” on the global market. This industry not only makes up a sizeable amount of India’s exports but also significantly contributes to the creation of jobs.
The world may be a key driver of the Indian economy with 5 million individuals employed in this industry, representing a huge pool of talented labour. However, there is a significant opportunity for faster development in terms of output growth, value addition, and the capacity to climb the value chain. Let us check out India’s top jewellery companies and learn more about them!
Tanishq, one of the top jewellery companies in India, is a division of the renowned TATA Group’s Titan Company. Tanishq was established in 1994 and is a division of the Titan Company. Bangalore, Karnataka, serves as the company’s headquarters. India’s most reputable jewellery brand is Tanishq. Over 150 retail locations for the company exist across the nation. To a significant extent, the firm is the inventor of diamond, gold, and platinum jewellery.
In the year 1992, Hari Krishna Exports Pvt Ltd was established. Its headquarters are in Mumbai, India’s Bandra Kurla Complex. It provides a selection of jewellery and diamond products. Savji Dholakia and his three brothers founded it in 1992. It is among India’s top ten jewellers. It began as a modest diamond cutting and polishing business in Surat with limited staff and equipment and today it holds the name of one of the top jewellery companies in India.
In 1993, Kalyan Jewelers was established. Its main office is in Thrissur, Kerala. T. S. Kalyanaraman created the organisation. The well-known Kalyan Group is the owner of the business. It belongs to one of India’s leading chains of jewellery stores. The business only sells 100% Hallmarked Gold and has established a reputation as a legitimate gold jeweller. They are particularly well-known for their “My Kalyan Mini Stores” mini-stores, which sell exquisite diamond jewellery at reasonable prices. They have retail locations in 10 Indian states, 1 Kuwaiti state, and 3 United Arab Emirates states. In India, the corporation operates about 100 showrooms and ranks in our top 10 jewellery companies in the India list.
One of the largest producers of diamonds in the world is Kiran Gems Pvt Ltd. Mumbai, India is home to the company’s headquarters, which was established in 1985. It is one of India’s top 10 jewellery manufacturers. The business offers a wide selection of diamonds and valuable stones. India’s leading diamond supplier and one of the top jewellery companies in India, Kiran Gems Ltd, has a solid international reputation. The business sells polished natural diamonds. The Gems and Jewellery Export Promotion Council of India have given the company high-performance honours for ten years in a row (GJEPC).
The Malabar Group was established in 1993 by a group of industrious businesspeople, driven by the brilliant vision of Mr M. P. Ahammed, who looked beyond his personal network in the agri-corp industry to build a jewellery trade business in the ancient city of Kozhikode. Since then, the Group has remained consistent in its successful ventures, fostered by knowledge, vision, and leadership, into a formidable business behemoth, keeping alive the golden spirit of the Brand. An empire founded on trust, cooperation, and goodwill shines brightly from its HQ (headquarters) of the Malabar Group in Kozhikode.
In 2005, PC Jeweller Ltd. was established. Its main office is in New Delhi, India. In India, there are numerous showrooms of the brand and today it comes under the list of top 10 jewellery companies in India. The business sells diamond and gold jewellery. It has received numerous honours, including the 2006 Best Showroom Award for Diamond Season given by B2C consultants and brand architects. The firm dominates the jewellery industry with 56 showrooms spread over 47 cities and 17 states.
In 1971, Asian Star Company Ltd. was founded. It is among the top ten jewellery companies in India. The business produces diamonds and sells jewellery, as well as gold, platinum, and jewellery with diamond accents. An integrated diamond company is Asian Star Company. The business also works with cutting and polishing diamonds and jewellery with gemstones. Customers who visit the company’s shop can receive jewellery design advice to suit their unique needs for special occasions.
Bangalore, India serves as the home base for Rajesh Exports Ltd, which was established in 1995. It is one of the top 10 jewellery businesses in India and refines, creates, and markets jewellery and gold. Jewellery manufacture and marketing are the company’s primary business activities. The business sells gold bullions and medallions.
In 1864, Tribhovandas Bhimji Zaveri Ltd. was established in Mumbai, India. One of the top jewellers in India, according to the company. In 23 cities across 11 states, including Mumbai, Delhi, Hyderabad, Kolkata, and Rajkot, the company has roughly 37 showrooms. It is one of the oldest and finest jewellery companies in India.
In 1994, Vaibhav Global Ltd. was established. Its main office is in Jaipur, India. The business is a global retailer, wholesaler, and producer of fashion jewellery and accessories for daily living. The company runs its downstream manufacturing plant sector through wholesale business. The business sells both jewellery and non-jewellery items. It has facilities in Mumbai and Jaipur.