Saudi Arabia Gold and Diamond Jewelry Market By Type (Diamond in Gold Jewelry, Gold Jewelry, Gemstone Other than Diamond in Gold Jewelry, Diamond in Other than Gold Metal Jewelry), By Sales Channel (Jewelry Showrooms & Wholesales Market, Company Exclusive Showrooms, Online), By Region, Competition, Forecast & Opportunities, 2020-2030F
Market Overview
The Saudi Arabia Gold and Diamond Jewelry Market was valued at USD 4.56 Billion in 2024 and is projected t%li%reach USD 8.34 Billion by 2030, growing at a CAGR of 10.59% during the forecast period. This growth is largely attributed t%li%rising disposable incomes and a strong cultural affinity for luxury adornments. Jewelry remains an integral aspect of Saudi customs, especially in weddings and festive celebrations, thereby sustaining strong demand for premium products. Government-backed initiatives under Vision 2030 have als%li%spurred the retail and tourism sectors, drawing international luxury brands and expanding the consumer base. The growing influence of global fashion trends, alongside social media, is fostering increased consumer awareness and encouraging purchases of high-end, contemporary, and customized pieces. Additionally, the evolution of retail experiences—ranging from immersive in-store services t%li%sophisticated online platforms—is playing a key role in enhancing customer engagement and supporting overall market expansion.
Key Market Drivers
Presence of Global Luxury Brands
The expansion of global luxury brands has become a crucial driver for Saudi Arabia’s gold and diamond jewelry market. Leading international names such as Cartier, Tiffany & Co., Bulgari, and Dolce & Gabbana have firmly established their presence, offering collections that appeal t%li%both traditional tastes and modern aesthetics. Their entry has elevated consumer expectations for craftsmanship and design, prompting local jewelers t%li%enhance their offerings t%li%remain competitive. The emergence of upscale retail environments such as VIA Riyadh has further facilitated these brands’ visibility and access t%li%high-net-worth individuals and tourists. In alignment with Vision 2030, which emphasizes retail and tourism development, the presence of international luxury players continues t%li%reshape the landscape, driving both product diversification and market growth.
Key Market Challenges
Counterfeiting & Fraud
Counterfeit products remain a persistent challenge in Saudi Arabia’s gold and diamond jewelry market. High-value items like gold and diamonds are attractive targets for counterfeiters wh%li%produce fake replicas that often mislead consumers. These low-quality imitations undermine consumer trust and damage the reputations of authentic brands. In response, regulatory bodies such as the Ministry of Commerce and the Saudi Authority for Intellectual Property (SAIP) have implemented stricter enforcement measures, including penalties, imprisonment, and the establishment of IP courts. Despite these efforts, ongoing vigilance and public education remain essential t%li%safeguard the integrity of the market and protect both consumers and legitimate businesses from fraudulent activities.
Key Market Trends
Digital Transformation and E-Commerce Growth
Digitalization and the growth of e-commerce are transforming how gold and diamond jewelry is marketed and sold in Saudi Arabia. Following shifts in consumer behavior—particularly accelerated by the pandemic—many luxury brands have upgraded their digital presence t%li%meet demand for convenience and personalization. This includes the launch of virtual try-on features and AI-enabled customization tools. According t%li%projections, Saudi Arabia’s eCommerce sector is expected t%li%generate USD 16.53 billion in revenue by 2025. The government’s Vision 2030, with its focus on building a digital economy, further supports this trend. With high smartphone penetration and a youthful, tech-savvy population, the online jewelry segment is poised for rapid growth, making digital transformation a core element of the market’s evolution.
Key Market Players
In this report, the Saudi Arabia Gold and Diamond Jewelry Market has been segmented int%li%the following categories, in addition t%li%the industry trends which have als%li%been detailed below:
Company Profiles: Detailed analysis of the major companies present in the Saudi Arabia Gold and Diamond Jewelry Market.
Available Customizations:
Saudi Arabia Gold and Diamond Jewelry Market report with the given market data, TechSci Research offers customizations according t%li%a company's specific needs. The following customization options are available for the report:
Company Information
The Saudi Arabia Gold and Diamond Jewelry Market was valued at USD 4.56 Billion in 2024 and is projected t%li%reach USD 8.34 Billion by 2030, growing at a CAGR of 10.59% during the forecast period. This growth is largely attributed t%li%rising disposable incomes and a strong cultural affinity for luxury adornments. Jewelry remains an integral aspect of Saudi customs, especially in weddings and festive celebrations, thereby sustaining strong demand for premium products. Government-backed initiatives under Vision 2030 have als%li%spurred the retail and tourism sectors, drawing international luxury brands and expanding the consumer base. The growing influence of global fashion trends, alongside social media, is fostering increased consumer awareness and encouraging purchases of high-end, contemporary, and customized pieces. Additionally, the evolution of retail experiences—ranging from immersive in-store services t%li%sophisticated online platforms—is playing a key role in enhancing customer engagement and supporting overall market expansion.
Key Market Drivers
Presence of Global Luxury Brands
The expansion of global luxury brands has become a crucial driver for Saudi Arabia’s gold and diamond jewelry market. Leading international names such as Cartier, Tiffany & Co., Bulgari, and Dolce & Gabbana have firmly established their presence, offering collections that appeal t%li%both traditional tastes and modern aesthetics. Their entry has elevated consumer expectations for craftsmanship and design, prompting local jewelers t%li%enhance their offerings t%li%remain competitive. The emergence of upscale retail environments such as VIA Riyadh has further facilitated these brands’ visibility and access t%li%high-net-worth individuals and tourists. In alignment with Vision 2030, which emphasizes retail and tourism development, the presence of international luxury players continues t%li%reshape the landscape, driving both product diversification and market growth.
Key Market Challenges
Counterfeiting & Fraud
Counterfeit products remain a persistent challenge in Saudi Arabia’s gold and diamond jewelry market. High-value items like gold and diamonds are attractive targets for counterfeiters wh%li%produce fake replicas that often mislead consumers. These low-quality imitations undermine consumer trust and damage the reputations of authentic brands. In response, regulatory bodies such as the Ministry of Commerce and the Saudi Authority for Intellectual Property (SAIP) have implemented stricter enforcement measures, including penalties, imprisonment, and the establishment of IP courts. Despite these efforts, ongoing vigilance and public education remain essential t%li%safeguard the integrity of the market and protect both consumers and legitimate businesses from fraudulent activities.
Key Market Trends
Digital Transformation and E-Commerce Growth
Digitalization and the growth of e-commerce are transforming how gold and diamond jewelry is marketed and sold in Saudi Arabia. Following shifts in consumer behavior—particularly accelerated by the pandemic—many luxury brands have upgraded their digital presence t%li%meet demand for convenience and personalization. This includes the launch of virtual try-on features and AI-enabled customization tools. According t%li%projections, Saudi Arabia’s eCommerce sector is expected t%li%generate USD 16.53 billion in revenue by 2025. The government’s Vision 2030, with its focus on building a digital economy, further supports this trend. With high smartphone penetration and a youthful, tech-savvy population, the online jewelry segment is poised for rapid growth, making digital transformation a core element of the market’s evolution.
Key Market Players
- Al Romaizan Gold & Jewellery
- Lazurde Company for Jewelry
- Damas Jewellery
- Najd Deer Jewellery
- Taiba Jewellery
- Malabar Gold and Diamonds
- Titan Company Limited
- Kooheji Jewellery Company SPC
- Mouawad MENA DMCC
- ORRA Fine Jewellery Pvt. Ltd
In this report, the Saudi Arabia Gold and Diamond Jewelry Market has been segmented int%li%the following categories, in addition t%li%the industry trends which have als%li%been detailed below:
- Saudi Arabia Gold and Diamond Jewelry Market, By Type:
- Diamond in Gold Jewelry
- Gold Jewelry
- Gemstone Other than Diamond in Gold Jewelry
- Diamond in Other than Gold Metal Jewelry
- Saudi Arabia Gold and Diamond Jewelry Market, By Sales Channel:
- Jewelry Showrooms & Wholesales Market
- Company Exclusive Showrooms
- Others
- Saudi Arabia Gold and Diamond Jewelry Market, By Region:
- Eastern
- Western
- Northern & Central
- Southern
Company Profiles: Detailed analysis of the major companies present in the Saudi Arabia Gold and Diamond Jewelry Market.
Available Customizations:
Saudi Arabia Gold and Diamond Jewelry Market report with the given market data, TechSci Research offers customizations according t%li%a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up t%li%five).
1. INTRODUCTION
1.1. Product Overview
1.2. Key Highlights of the Report
1.3. Market Coverage
1.4. Market Segments Covered
1.5. Research Tenure Considered
2. RESEARCH METHODOLOGY
2.1. Methodology Landscape
2.2. Objective of the Study
2.3. Baseline Methodology
2.4. Formulation of the Scope
2.5. Assumptions and Limitations
2.6. Sources of Research
2.7. Approach for the Market Study
2.8. Methodology Followed for Calculation of Market Size & Market Shares
2.9. Forecasting Methodology
3. EXECUTIVE SUMMARY
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions
3.5. Overview of Market Drivers, Challenges, and Trends
4. VOICE OF CUSTOMER
4.1. Brand Awareness
4.2. Factor Influencing Availing Decision
5. SAUDI ARABIA GOLD AND DIAMOND JEWELRY MARKET OUTLOOK
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Type (Diamond in Gold Jewelry, Gold Jewelry, Gemstone Other than Diamond in Gold Jewelry, Diamond in Other than Gold Metal Jewelry)
5.2.2. By Sales Channel (Jewelry Showrooms & Wholesales Market, Company Exclusive Showrooms, Others)
5.2.3. By Region
5.2.4. By Company (2024)
5.3. Market Map
6. SAUDI ARABIA DIAMOND IN GOLD JEWELRY MARKET OUTLOOK
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Sales Channel
6.2.2. By Region
7. SAUDI ARABIA GOLD JEWELRY MARKET OUTLOOK
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Sales Channel
7.2.2. By Region
8. SAUDI ARABIA GEMSTONE OTHER THAN DIAMOND IN GOLD JEWELRY MARKET OUTLOOK
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Sales Channel
8.2.2. By Region
9. SAUDI ARABIA DIAMOND IN OTHER THAN GOLD METAL JEWELRY MARKET OUTLOOK
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Sales Channel
9.2.2. By Region
10. MARKET DYNAMICS
10.1. Drivers
10.2. Challenges
11. MARKET TRENDS & DEVELOPMENTS
11.1. Merger & Acquisition (If Any)
11.2. Product Launches (If Any)
11.3. Recent Developments
12. PORTERS FIVE FORCES ANALYSIS
12.1. Competition in the Industry
12.2. Potential of New Entrants
12.3. Power of Suppliers
12.4. Power of Customers
12.5. Threat of Substitute Products
13. SAUDI ARABIA ECONOMIC PROFILE
14. POLICY & REGULATORY LANDSCAPE
15. COMPETITIVE LANDSCAPE
15.1. Company Profiles
15.1.1. Al Romaizan Gold & Jewellery
15.1.1.1. Business Overview
15.1.1.2. Company Snapshot
15.1.1.3. Products & Services
15.1.1.4. Financials (As Per Availability)
15.1.1.5. Key Market Focus & Geographical Presence
15.1.1.6. Recent Developments
15.1.1.7. Key Management Personnel
15.1.2. Lazurde Company for Jewelry
15.1.3. Damas Jewellery
15.1.4. Najd Deer Jewellery
15.1.5. Taiba Jewellery
15.1.6. Malabar Gold And Diamonds
15.1.7. Titan Company Limited
15.1.8. Kooheji Jewellery Company SPC
15.1.9. Mouawad MENA DMCC
15.1.10. ORRA Fine Jewellery Pvt. Ltd.
16. STRATEGIC RECOMMENDATIONS
17. ABOUT US & DISCLAIMER
1.1. Product Overview
1.2. Key Highlights of the Report
1.3. Market Coverage
1.4. Market Segments Covered
1.5. Research Tenure Considered
2. RESEARCH METHODOLOGY
2.1. Methodology Landscape
2.2. Objective of the Study
2.3. Baseline Methodology
2.4. Formulation of the Scope
2.5. Assumptions and Limitations
2.6. Sources of Research
2.7. Approach for the Market Study
2.8. Methodology Followed for Calculation of Market Size & Market Shares
2.9. Forecasting Methodology
3. EXECUTIVE SUMMARY
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions
3.5. Overview of Market Drivers, Challenges, and Trends
4. VOICE OF CUSTOMER
4.1. Brand Awareness
4.2. Factor Influencing Availing Decision
5. SAUDI ARABIA GOLD AND DIAMOND JEWELRY MARKET OUTLOOK
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Type (Diamond in Gold Jewelry, Gold Jewelry, Gemstone Other than Diamond in Gold Jewelry, Diamond in Other than Gold Metal Jewelry)
5.2.2. By Sales Channel (Jewelry Showrooms & Wholesales Market, Company Exclusive Showrooms, Others)
5.2.3. By Region
5.2.4. By Company (2024)
5.3. Market Map
6. SAUDI ARABIA DIAMOND IN GOLD JEWELRY MARKET OUTLOOK
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Sales Channel
6.2.2. By Region
7. SAUDI ARABIA GOLD JEWELRY MARKET OUTLOOK
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Sales Channel
7.2.2. By Region
8. SAUDI ARABIA GEMSTONE OTHER THAN DIAMOND IN GOLD JEWELRY MARKET OUTLOOK
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Sales Channel
8.2.2. By Region
9. SAUDI ARABIA DIAMOND IN OTHER THAN GOLD METAL JEWELRY MARKET OUTLOOK
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Sales Channel
9.2.2. By Region
10. MARKET DYNAMICS
10.1. Drivers
10.2. Challenges
11. MARKET TRENDS & DEVELOPMENTS
11.1. Merger & Acquisition (If Any)
11.2. Product Launches (If Any)
11.3. Recent Developments
12. PORTERS FIVE FORCES ANALYSIS
12.1. Competition in the Industry
12.2. Potential of New Entrants
12.3. Power of Suppliers
12.4. Power of Customers
12.5. Threat of Substitute Products
13. SAUDI ARABIA ECONOMIC PROFILE
14. POLICY & REGULATORY LANDSCAPE
15. COMPETITIVE LANDSCAPE
15.1. Company Profiles
15.1.1. Al Romaizan Gold & Jewellery
15.1.1.1. Business Overview
15.1.1.2. Company Snapshot
15.1.1.3. Products & Services
15.1.1.4. Financials (As Per Availability)
15.1.1.5. Key Market Focus & Geographical Presence
15.1.1.6. Recent Developments
15.1.1.7. Key Management Personnel
15.1.2. Lazurde Company for Jewelry
15.1.3. Damas Jewellery
15.1.4. Najd Deer Jewellery
15.1.5. Taiba Jewellery
15.1.6. Malabar Gold And Diamonds
15.1.7. Titan Company Limited
15.1.8. Kooheji Jewellery Company SPC
15.1.9. Mouawad MENA DMCC
15.1.10. ORRA Fine Jewellery Pvt. Ltd.
16. STRATEGIC RECOMMENDATIONS
17. ABOUT US & DISCLAIMER
