The Indian jewellery market is one of the largest and most vibrant in the world, known for its rich heritage and craftsmanship. From traditional gold jewellery to contemporary diamond designs, India has a well-established manufacturing base that caters to domestic and international demand. The jewellery manufacturing industry in India is dominated by a combination of legacy family businesses and corporate giants. Each player offers unique designs, quality, and innovation, establishing India as a global hub for jewellery production. Here is a detailed look at the top 10 jewellery manufacturing companies in India.
1. Titan Company Limited (Tanishq)
Titan Company, a part of the Tata Group, is the largest branded jewellery manufacturer in India by value. Launched in 1994, its jewellery brand Tanishq has become synonymous with quality, purity, and trust. Titan combines cutting-edge technology with traditional design expertise, offering a wide range of gold, diamond, platinum, and silver jewellery. Tanishq’s extensive retail presence and innovative collections, including engagement rings and everyday luxury pieces, make it the market leader. The company reported revenues exceeding ₹70,000 crore and maintains a strong market share due to its brand reliability and wide appeal.
2. Kalyan Jewellers India Limited
Founded in 1993 and headquartered in Thrissur, Kerala, Kalyan Jewellers has evolved into a retail and manufacturing powerhouse with over 130 showrooms across India and the Middle East. The company is praised for its ethical sourcing and hallmarking standards, ensuring customers receive genuine products. Kalyan’s manufacturing capabilities span traditional gold, diamond, and precious stone jewellery. Their investments in design innovation and customer service helped them garner a loyal customer base, and their manufacturing infrastructure supports high volume production with consistent quality.
3. Malabar Gold & Diamonds
Malabar Gold & Diamonds, headquartered in Kozhikode, Kerala, is a major player in jewellery manufacturing and retail, with an international footprint spanning the Middle East, USA, and Southeast Asia. Founded in 1993, it focuses on both traditional and contemporary styles, using advanced manufacturing techniques. The company’s commitment to quality is backed by in-house designing studios and modern manufacturing units that produce exquisite gold, diamond, and platinum jewellery pieces. Malabar has a large network of retail outlets, enabling seamless integration of manufacturing and sales.
4. Joyalukkas India Ltd.
Joyalukkas, established in 1987, is one of India’s largest jewellery retailers and manufacturers, with significant presence in India and overseas markets. Its manufacturing units are equipped with modern technology and skilled artisans specializing in diamond and gold craftsmanship. Joyalukkas is known for a huge variety of jewellery designs and high-quality finishes, catering to both traditional and contemporary tastes. The company emphasizes transparency, certified diamonds, and hallmarking to reinforce customer confidence.
5. Rajesh Exports Ltd.
Rajesh Exports, based in Bangalore, Karnataka, is a leading manufacturer and exporter of gold jewellery. With its headquarters in India’s Silicon Valley, it combines technology with craftsmanship to deliver premium products. The company is one of the world’s largest gold exporters and processes large volumes of gold daily. Their state-of-the-art manufacturing facilities support polished finishes on gold and diamond jewellery. Rajesh Exports also holds a significant position on the global stage, representing India’s manufacturing strength.
6. Senco Gold & Diamonds Ltd.
Senco Gold & Diamonds, based in Kolkata, has a rich history of over 85 years in the jewellery industry. It is renowned for innovative designs and meticulous craftsmanship in gold and diamond jewellery. The company operates multiple manufacturing units and more than 170 retail outlets across India. Senco’s manufacturing techniques blend traditional handcrafting with modern technology to create assortments that appeal to various customer demographics.
7. PC Jeweller Ltd.
PC Jeweller, headquartered in New Delhi, is a prominent manufacturer and retailer specializing in certified diamond and hallmarked gold jewellery. Since its inception in 2005, the company has emphasized quality and transparency, rapidly expanding its manufacturing and retail footprint. Manufacturing plants utilize advanced technology to ensure precision designing and high finishing standards. PC Jeweller caters to both traditional Indian consumers and the global diaspora.
8. Tribhovandas Bhimji Zaveri Ltd.
Tribhovandas Bhimji Zaveri (TBZ), established in 1864 in Mumbai, is one of India’s oldest and most respected jewellery manufacturers and retailers. It has built a legacy based on trust, quality, and craftsmanship. TBZ’s manufacturing units produce a variety of gold, diamond, and platinum jewellery, blending classic and contemporary styles. The brand is well known for bridal collections, engagement rings, and intricate craftsmanship.
9. Bhima Jewellers Pvt. Ltd.
Bhima Jewellers, primarily based in Kerala, has a history dating back to the 1920s and is noted for its heritage craftsmanship and traditional designs. Bhima has established manufacturing units focused on maintaining high purity standards and intricate detailing. The company’s jewellery is deeply influenced by South Indian culture and art, combining ancient techniques with modern sensibilities. Bhima’s reputation for quality and service has made it a household name in Southern India.
10. Jewellers India Pvt. Ltd.
Jewellers India Pvt. Ltd. is a growing manufacturer known for specialized gold and diamond jewellery collections. With a focus on modern design trends and customized jewellery, their manufacturing units are modern and equipped with the latest machinery. Serving both domestic and export markets, the company is gaining recognition for quality and innovation.
Factors Behind Their Success
These top jewellery manufacturing companies thrive due to several key reasons:
- Quality and Purity Assurance: Indian consumers and export markets demand high purity standards. These companies ensure hallmarking and strict quality control.
- Technological Integration: Use of CAD designs, laser cutting, and automated polishing improves accuracy and design capabilities.
- Diverse Product Range: From traditional temple jewellery to minimalist diamond collections, their broad portfolios serve varied customer needs.
- Strong Retail Network: Ownership or association with retail outlets ensures quick market feedback and smooth supply chain integration.
- Global Outreach: Robust export operations, especially in the Middle East, Europe, and USA, enable growth beyond the Indian market.
- Innovation and Design: Continuous R&D, design innovation, and collaborations with global designers help maintain market leadership.
Conclusion
India’s jewellery manufacturing sector is a formidable force globally, anchored by these top 10 companies. Brands like Titan’s Tanishq, Kalyan Jewellers, and Malabar Gold & Diamonds have transformed traditional craftsmanship into scalable business models recognized worldwide. With cutting-edge manufacturing facilities, vast retail networks, and a commitment to purity and design, these companies continue to dominate India’s jewellery landscape and beyond.
As India’s economy grows and consumer tastes evolve, these manufacturers remain at the forefront, blending heritage with modern trends and technological innovation. Whether for an engagement ring, wedding jewellery, or everyday gold, these companies represent the pinnacle of Indian jewellery manufacturing excellence.
