Suvankar Sen, Executive Director, Senco Gold & Diamonds shared his view on gold outlook 2025 with year-end summary. He said for the 2024, this year, we have witnessed a positive trend in gold buying despite market fluctuations. While rising gold prices have reduced volumes by 4-5%, we expect a value growth of 12-15%.
Modern lightweight sleek Designs are in demand alongside traditional ones. However, there is more use of coloured gemstones and pearls as trends for this season .One of the major highlights this season was weddings, this year’s wedding season helped us to produce Rs 5.9 lakh crore in revenue with 48 lakh weddings.
Delhi was the market likely to play a key part, with 4.5 lakh weddings projected to take place in the capital alone. For Senco Gold and Diamonds, 2024 was a year of remarkable milestones. Aggressive retail expansion through the opening of new stores at strategic locations enhanced accessibility for customers, while the launch of iconic collections celebrated India’s rich heritage and craftsmanship, resonating with diverse sensibilities.
Expressing his Outlook for 2025 he said, “Looking ahead to 2025, we anticipate transformative trends that will redefine the industry. For Senco Gold and Diamonds, the focus will remain on expanding our reach, launching designs that blend tradition with modernity, and amplifying sustainability efforts.
As design trends evolve, we foresee a continued shift toward minimalist yet statement-making pieces, personalized jewelry, and a growing demand for versatile collections that can transition from day to night. Consumer engagement will also be at the forefront, with increased emphasis on digital experiences, virtual try-ons, and personalized services that cater to the evolving preferences of younger, tech-savvy buyers.
Despite potential challenges such as economic fluctuations and regulatory changes, we are confident in turning these into opportunities for growth and differentiation, ensuring our legacy shines even brighter in the coming year.
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