UAE Gems & Jewelry Market, By Type (Gold, Diamond, Gemstones, Silver and Others), By Distribution Channel (Jewelry Showrooms, Company Exclusive Showrooms and Online), By Organized Vs. Unorganized Sector, By Region, Competition Forecast & Opportunity, 2027

UAE Gems & Jewelry Market, By Type (Gold, Diamond, Gemstones, Silver and Others), By Distribution Channel (Jewelry Showrooms, Company Exclusive Showrooms and Online), By Organized Vs. Unorganized Sector, By Region, Competition Forecast & Opportunity, 2027F

UAE gems & jewelry market value is anticipated to grow with a CAGR of 6.53% during the forecast period, 2023-2027. The market value in the year 2021 was USD7.28 billion and may achieve a value of USD10.71 billion by 2027F. This market growth can be attributed to increasing demands for fashion jewelry and expensive gems among the population. Rising population of the country and its growing disposable income, mostly among the younger generation, is expected to facilitate the growth of the UAE gems & jewelry market in the future five years. Increasing inclination of the population toward online shopping, expanding e-commerce industry further drives the growth of the UAE gems & jewelry market in the upcoming five years. Market players populating the market are actively launching novel and premium products and increasing their product portfolios to reach an underserved consumer base across the country, thereby substantiating the growth of the UAE gems & jewelry market in the forecast years through 2027. Moreover, increasing mining activities for the expansive gems and stones, growing demands for modern jewelry, and increasing fashion jewelry designers further aid the growth of the UAE gems & jewelry market in the forecast period.

The UAE gems & jewelry market segmentation is based on type, distribution channel, differentiation between organized and unorganized sector, regional distribution, and competition landscape. Based on type, the market is further segmented into gold, diamond, gemstones, silver, and other. Gold jewelry is anticipated to hold almost half of the revenue shares of the market being the largest among other sub-segments and thus dominate the segment in the upcoming five years. Increasing production of gold jewelry, rising cost of gold as well as rising disposable income among the population of the country is expected to substantiate the growth of the market and be a major factor behind gold jewelry dominating the market segment. Moreover, increasing demand for designer gold jewelry and added gems increasing the product aesthetics further supports the growth of the market.

Damas Jewellery LLC, Malabar Gold and Diamonds, Sky Jewellery LLC, Titan International (Middle East) FZE, Tiffany & Co., Kalyan Jewellers FZE, Joyalukkas Jewellery LLC, Pure Gold Jewelers LLC, Ceylon Master Gems FZCO, Atlas Jewellery LLC and others are among the major market players in the gems & jewelry industry that led the market growth of the UAE gems & jewelry market.

Years considered for this report:

Historical Years: 2017 - 2020

Base Year: 2021

Estimated Year: 2022

Forecast Period: 2023 - 2027

Objective of the Study:

• To analyze the historical growth in the market size of UAE gems & jewelry market from 2017 to 2021.
• To estimate and forecast the market size of UAE gems & jewelry market from 2022 to 2027 and growth rate until 2027.
• To classify and forecast UAE gems & jewelry market based on type, distribution channel, differentiation between organized and unorganized sector, regional distribution, and competition landscape.
• To identify dominant region or segment in the UAE gems & jewelry market.
• To identify drivers and challenges for UAE gems & jewelry market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in UAE gems & jewelry market.
• To identify and analyze the profile of leading players operating in UAE gems & jewelry market.
• To identify key sustainable strategies adopted by market players in UAE gems & jewelry market.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the country.

TechSci Research calculated the market size of UAE gems & jewelry market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these products and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

• Manufacturers, suppliers, distributors and other stakeholders
• Government bodies such as regulating authorities and policy makers
• Organizations, forums and alliances related to gems & jewelry
• Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers, partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, UAE gems & jewelry market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• UAE Gems & Jewelry Market, By Type:
• Gold
• Diamond
• Gemstones
• Silver
• Others
• UAE Gems & Jewelry Market, By Distribution Channel:
• Jewelry Showrooms
• Company Exclusive Showrooms
• Online
• UAE Gems & Jewelry Market, By Organized Vs. Unorganized Sector:
• Organized Sector
• Unorganized Sector
• UAE Gems & Jewelry Market, By Region:
• Dubai
• Abu Dhabi
• Sharjah
• Rest of UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in UAE gems & jewelry market.

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Please Note: Report will be updated with the latest data and delivered to you within 3-5 working days of order. Single User license will be delivered in PDF format without printing rights