As of 2023, India's import of watch cases of precious metal or metal clad with precious metal stood at approximately 861.97 thousand units. Forecasted figures show a consistent annual increase in imports from 2024 onwards. In 2024, imports are estimated at 900.26 thousand, progressing to 1,063.9 thousand by 2028. The year-on-year growth rates are approximately 4.7% between 2024 and 2025, 4.4% for 2025-2026, 4.1% for 2026-2027, and 3.9% for 2027-2028. The compound annual growth rate (CAGR) over these five years is expected to average around 4.3%.

Future trends to watch for include shifts in consumer preferences towards smartwatches, potential trade policies impacting precious metals, and currency fluctuations affecting import costs. Additionally, the sustainable sourcing of precious metals could influence market dynamics.