India’s Color Gemstone Market Set for 10X Growth

Insights from an International Interview Featuring Nirmal Bardiya, Chairman – RMC Gems India

The global colored gemstone industry is entering a powerful new phase — and India is at the center of it.

In a recent international interaction shared on Douyin (China) by Andrew Lucas, Dean of Guild Education, Chairman Nirmal Bardiya of RMC Gems India shared key insights into the future of colored gemstones, global demand trends, and Jaipur’s emergence as an international hub.

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From Raw Material to High-Grade Precision Cut Stones

RMC Gems India began its journey working with raw materials and has grown into a leading manufacturer of high-grade cut colored gemstones.

Today, the company manufactures more than 150 varieties of colored stones, including:

• Emerald

• Rubellite

• Paraiba Tourmaline

• Aquamarine

• Morganite

• Tanzanite

• Blue Topaz

• Multicolor Tourmaline

This evolution reflects not only company growth, but the transformation of India’s gemstone industry itself.

India’s Color Stone Market: 10X Growth in Five Years?

According to Mr. Bardiya, India’s colored gemstone market is still in its early stages compared to mature markets.

He predicts:

“India is just starting the color stone market. In the next five years, it can grow almost ten times more than today.”

Historically, diamonds dominated investment discussions in India. However, awareness around colored gemstones as an investment asset class is rapidly increasing.

High-net-worth buyers are now actively seeking large, high-quality colored stones for both jewelry and long-term value.

Rising Demand for Emerald – Shortage of Premium Stones

Among all colored stones, emerald currently leads in demand.

Why?

• Strong jewelry demand

• Wide availability across quality ranges

• Global recognition and heritage value

At the same time, top-quality stones across categories are becoming increasingly scarce.

Rubellite and Paraiba tourmaline, in particular, face supply constraints. High-grade material is extremely limited, with top-tier production representing less than 1% of overall output in many mining sources.

This imbalance between demand and supply continues to push premium prices upward.

Investment Shift: From Diamonds to Colored Stones

A notable shift is happening in the luxury and investment space.

Large brands are no longer maintaining heavy inventory. Instead, they purchase high-quality stones when needed — often paying premium prices due to limited availability.

As Mr. Bardiya explains:

• Affordable stones remain stable

• High-quality stones continue to appreciate

• Inventory levels are decreasing

• Demand for top stones is increasing globally

This trend signals long-term strength for premium colored gemstones.

Jaipur: Emerging Global Hub for Colored Gemstones

Jaipur has long been known as India’s gemstone capital. Today, it is evolving into a structured international hub.

The younger generation of entrepreneurs is operating in a highly organized, professional manner — building global trust and expanding rapidly into international markets.

International buyers are increasingly traveling to Jaipur to source directly.

A major development underway includes a large-scale gemstone trade complex near Jaipur Airport, designed to centralize offices and trading infrastructure — further strengthening Jaipur’s position as a global colored gemstone destination.

What Stones Will See the Strongest Demand?

Looking toward 2026 and beyond, the outlook is clear:

• Emerald remains the strongest jewelry stone in demand

• Large-sized high-quality stones are increasingly sought after

• Rubellite and Paraiba supply remains constrained

• Premium stones will continue experiencing upward price pressure

As availability tightens and awareness grows, the value of top-grade stones is expected to strengthen further.

Global Collaboration and Industry Dialogue

This conversation, shared internationally by Andrew Lucas of Guild Education (Shenzhen, China), reflects growing cross-border collaboration within the gemstone industry.

As India expands its role in colored gemstones, such dialogues strengthen global understanding and trade relationships.

The Future of Colored Gemstones Is Bright

India’s colored gemstone industry stands at a pivotal moment:

• Growing domestic demand

• Increasing global trust

• Structured manufacturing

• Expanding infrastructure

• Rising investment awareness

With decades of expertise and more than 150 varieties of stones, RMC Gems India remains committed to quality, integrity, and long-term value creation in the global gemstone market.