Jewellery brands seize 10% of Indian mall space as Tanishq, Malabar, Kalyan race for large-format anchors
Jewellery's mall footprint has jumped from 1% to 10% in four years, with leasing absorption doubling to 800k sq ft in 2025. Large-format stores now make up 50% of jewellery leasing (vs 14% in 2019), and Nexus Select Trust reports 57% YoY jewellery sales growth, with the category driving 20-25% of mall revenues.
Jewellery brands now occupy ~10% of Indian mall space, up from 1% four years ago, with leasing absorption doubling to 800k sq ft in 2025. Tanishq, Malabar, Kalyan and CaratLane anchor large-format stores; Nexus Select Trust reports 57% YoY jewellery sales growth.