UAE Jewelry Market Summary
The UAE jewelry market size was estimated at USD 4.66 billion in 2024, and is projected to reach USD 7.65 billion by 2033, growing at a CAGR of 5.8% from 2025 to 2033. The market is driven by rising disposable income, luxury tourism, and increasing demand for gold and diamond investments.
The UAE jewelry industry is propelled by a strong preference for luxury goods among affluent consumers and tourists, especially from neighboring countries. Growing urbanization and exposure to global fashion trends boost demand for contemporary designs. In addition, favorable government policies and tax benefits attract both retailers and buyers. The rising popularity of online jewelry sales also expands market reach and accessibility.
The UAE jewelry industry benefits from its strategic position as a global trade hub, attracting international brands and buyers. Increasing awareness of branded and certified jewelry enhances consumer trust and demand. Cultural significance and gifting traditions further fuel purchases throughout the year. Moreover, advancements in craftsmanship and customization options appeal to a diverse customer base.
UAE Jewelry Market Report Segmentation
This report forecasts revenue growth at country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2021-2033. For this study, Grand View Research has segmented the UAE jewelry market report based on product, material, distribution channel, end use, and region.
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