UAE Gems & Jewelry Market Analysed & Projected by TechSci Research in Study Available at MarketPublishers.com08 Dec 2014 • by Natalie Aster
LONDON – Within the last decade, the UAE has turned into the biggest gems and jewelry market worldwide, which is highly attractive for both domestic and international players due to the huge growth potential. The higher demand for designer and branded jewelry has been registered in the country as the consumption of premium products has increased among the HNWI population.
The market for gems and jewelry in the UAE is forecast to increase through 2019, representing a growth rate of over 7%. Gold jewelry accounts for the largest share of the overall market and is followed by diamond and platinum jewelry sectors. In addition, the precious gem stones demand is also rising, owing to the higher demand among the younger population, who prefer them instead of jewelry from yellow metal.
Today, Damas International takes lead in the UAE’s gems and jewelry market, with Joyallukas, Titan International and Geetanjali Gems, Tiffany & Co. being the other leading producers. Abu Dhabi and Dubai bring the largest revenues in the market because of the rising number of new companies, retailers and the growth of tourism segment in these cities. More gems and jewelry producers are entering the UAE market and distribute their products through exclusive showrooms around the country.
Market research study “UAE Gems and Jewelry Market Forecast and Opportunities, 2019” developed by TechSci Research provides key details on the gems and jewelry market performance in the UAE. The insightful research report uncovers trustworthy information on the market for gems and jewelry in the UAE and traces the latest market dynamics, its drivers and challenges. It scrutinizes the market size and share, overviews the latest projects within the industry and thoroughly analyzes the distribution channels. It provides the market segmentation analysis by jewelry type. Moreover, the comprehensive report discloses trustworthy data on the jewelry import and export and analyses the regulatory landscape in the country. It offers a guide into the competitive environment and highlights key producers. Forecasts for gems and jewelry market in the UAE till 2019 are contained in the report, too.
UAE Gems and Jewelry Market Forecast and Opportunities, 2019
Published: November, 2014
Price: US$ 2,000.00
More in-demand market studies by the publisher can be found at TechSci Research page.