Gautam Adani, chairman of the Adani Group, emphasized the need for India’s gems and jewellery sector to adapt to evolving global trends through innovation, technology, and sustainability. Speaking at the India Gem & Jewellery Awards held in Jaipur, he highlighted the sector’s significant contribution to the economy and its potential to lead on a global scale.  

Addressing industry leaders, Adani noted that the sector provides employment to over 5 million individuals, playing a vital role in the nation's economic fabric. However, he cautioned that the recent 14% decline in jewellery exports should serve as a wake-up call, urging the industry to embrace transformative strategies.  

Emerging Trends and Challenges
Adani underscored the changing landscape of luxury consumption, noting a shift in consumer preferences toward lab-grown diamonds, ethical practices, and digital advancements. “The rise of wearable technology and the growing demand for personalized, unique designs are reshaping the jewellery market. These trends necessitate a forward-thinking approach, integrating tools like 3D printing, virtual reality, and augmented reality into the creation and marketing processes,” he said.  

He further explained that India holds a significant share in the global gems market, accounting for 26.5% of cut-and-polished diamonds and 30% of silver jewellery. Despite this, he stressed the importance of evolving to sustain growth and maintain relevance in a competitive international market.  

Focus on Workforce and Sustainability  
Adani highlighted the need for empowering artisans and craftsmen through modern tools and training. “The industry’s transformation begins with its workforce. Providing access to innovative technologies and digital platforms will ensure their skills remain relevant in a changing world,” he said.  

He also pointed to the critical role of sustainability, emphasizing that future growth must be responsible and enduring. By integrating sustainable practices, the industry can secure its position as a global leader while addressing environmental concerns.  

Youth as Catalysts of Change
Calling the younger generation "architects of the future," Adani stressed the importance of fostering their creativity and energy to balance tradition with modernity. “They bring fresh perspectives and an eagerness to challenge old paradigms. We must nurture their talents and equip them to drive innovation while honouring India’s rich cultural heritage,” he added.  

The industrialist concluded by urging industry stakeholders to act decisively and align with emerging consumer behaviors, ensuring the sector continues to thrive amid a rapidly changing global landscape.