GCC Jewelry Market Size, Share, Demand, Report, Forecast 2025-2033

Jewelry Market-GCC

Market Statistics

Base Year: 2024

Historical Years: 2019-2024

Forecast Years: 2025-2033

Market Size in 2024: USD 14.1 Billion

Market Size in 2033: USD 24.0 Billion

Market Growth Rate (CAGR) 2025-2033: 5.7%

According to IMARC Group's report titled "GCC Jewelry Market Report and Forecast 2025-2033," the market reached USD 14.1 billion in 2024. Looking forward, IMARC Group expects the market to reach USD 24.0 billion by 2033, exhibiting a growth rate (CAGR) of 5.7% during 2025-2033.

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GCC Jewelry Market Trends and Drivers:

• Demand for High-End Jewelry: There is a growing preference for high-end gold, diamond, and platinum jewelry, along with trendy and innovative designs.

• Festivals and Events: Events like the Dubai Shopping Festival and Abu Dhabi Jewelry and Watch Show attract global consumers, boosting market growth.

• Expatriate Population Growth: The rising expatriate population is contributing to increased demand for jewelry.

• Expanding Tourism Industry: The growing tourism sector, particularly in the UAE and Saudi Arabia, is driving demand for luxury and bespoke jewelry.

• Cultural Significance of Jewelry: Jewelry holds deep cultural importance in the region, being associated with festivals, traditions, and investment purposes, ensuring consistent demand.

• Rising Disposable Incomes: Increasing disposable incomes in the GCC region are fueling the growth of the jewelry market.

• Digital Transformation: The adoption of digital technologies, including e-commerce platforms and online try-on tools, is revolutionizing the jewelry shopping experience, making it more convenient and accessible.

• Customization and Personalization: Jewelry retailers are focusing on offering unique and customized pieces to cater to the diverse tastes of the multicultural population in the region.

• Sustainability Initiatives: Consumers are increasingly seeking responsibly sourced materials and supporting brands that prioritize eco-friendly practices.

• Blockchain for Traceability: The use of blockchain technology for supply chain transparency is enhancing customer trust and confidence in jewelry brands.

• Local and Global Brand Presence: The establishment of flagship stores and partnerships between local players and global brands is strengthening the GCC’s position as a global jewelry hub.

• Supportive Government Policies: Favorable government policies and strong economic conditions are expected to drive long-term growth in the GCC jewelry market.

• Outlook: These drivers and trends are shaping the future of the GCC jewelry market, ensuring its continued expansion in the coming years.

GCC Jewelry Industry Segmentation:

The GCC jewelry market forecast offers insights into future opportunities and challenges, drawing on historical data and predictive modeling.

Product Insights:

• Necklace

• Ring

• Earrings

• Bracelets

• Others

Material Insights:

• Gold

• Platinum

• Diamond

• Others

Country Insights

• Saudi Arabia

• UAE

• Qatar

• Bahrain

• Kuwait

• Oman 

Request for customization: https://www.imarcgroup.com/request?type=report&id=10230&flag=C

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key highlights of the Report:

• Market Performance (2019-2024)

• Market Outlook (2025-2033)

• COVID-19 Impact on the Market

• Porter’s Five Forces Analysis

• Strategic Recommendations

• Historical, Current and Future Market Trends

• Market Drivers and Success Factors

• SWOT Analysis

• Structure of the Market

• Value Chain Analysis

• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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