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

March 2022 | 81 pages | ID: U3F6053210DEN
TechSci Research

Abstracts

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.

Available Customizations:

With the given market data, TechSci Research offers customizations according to 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 to five).

Contents

1. PRODUCT OVERVIEW

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. VOICE OF CUSTOMER

4.1. Brand Recall & Awareness
4.2. Source of Knowledge/Information
4.3. Customer Spending Pattern
4.4. Factors Influencing Purchase Decisions
4.5. Factors Influencing Brand Switching

5. UAE GEMS & JEWELRY MARKET OUTLOOK

5.1. Market Size & Forecast
  5.1.1. By Value
5.2. Market Share & Forecast
  5.2.1. By Type (Gold, Diamond, Gemstones, Silver and Others)
  5.2.2. By Distribution Channel (Jewelry Showrooms, Company Exclusive Showrooms and Online)
  5.2.3. By Organized Vs. Unorganized Sector
  5.2.4. By Region (Dubai, Abu Dhabi, Sharjah and Rest of UAE)
  5.2.5. By Company (2021)
5.3. Market Map (Type, Distribution Channel, Organized Vs, Unorganized Sector, Region)

6. UAE GOLD JEWELRY MARKET OUTLOOK

6.1. Market Size & Forecast
  6.1.1. By Value
6.2. Market Share & Forecast
  6.2.1. By Application (Investment Vs. Personal Use)
  6.2.2. By Company

7. UAE DIAMOND MARKET OUTLOOK

7.1. Market Size & Forecast
  7.1.1. By Value
7.2. Market Share & Forecast
  7.2.1. By Company

8. UAE GEMSTONES MARKET OUTLOOK

8.1. Market Size & Forecast
  8.1.1. By Value
8.2. Market Share & Forecast
  8.2.1. By Company

9. UAE SILVER JEWELRY MARKET OUTLOOK

9.1. Market Size & Forecast
  9.1.1. By Value
9.2. Market Share & Forecast
  9.2.1. By Company

10. IMPORT EXPORT ANALYSIS

11. SUPPLY CHAIN ANALYSIS

12. MARKET DYNAMICS

12.1. Market Drivers
12.2. Market Challenges

13. MARKET TRENDS AND DEVELOPMENTS

14. POLICY & REGULATORY LANDSCAPE

15. IMPACT OF COVID-19 ON UAE GEMS & JEWELRY MARKET

16. UAE ECONOMIC PROFILE

17. COMPETITIVE LANDSCAPE

17.1. Damas Jewellery LLC
17.2. Malabar Gold and Diamonds
17.3. Sky Jewellery LLC
17.4. Titan International (Middle East) FZE
17.5. Tiffany & Co.
17.6. Kalyan Jewellers FZE
17.7. Joyalukkas Jewellery LLC
17.8. Pure Gold Jewelers LLC
17.9. Ceylon Master Gems FZCO
17.10. Atlas Jewellery LLC

18. STRATEGIC RECOMMENDATIONS

List Of Figures

LIST OF FIGURES

Figure 1: UAE Gems & Jewelry Market Size, By Value (USD Billion), 2017-2027F
Figure 2: UAE Gems & Jewelry Market Share, By Type, By Value, 2017-2027F
Figure 3: UAE Gems & Jewelry Market Share, By Distribution Channel, By Value, 2017-2027F
Figure 4: UAE Gems & Jewelry Market Share, By Organized Vs. Unorganized, By Value, 2017-2027F
Figure 5: UAE Gems & Jewelry Market Share, By Region, By Value, 2017-2027F
Figure 6: UAE Gems & Jewelry Market Share, By Company, By Value, 2021
Figure 7: UAE Gems & Jewelry Market Map, By Type, Market Size, By Value (USD Billion) & Growth Rate (%), 2021
Figure 8: UAE Gems & Jewelry Market Map, By Distribution Channel, Market Size, By Value (USD Billion) & Growth Rate (%), 2021
Figure 9: UAE Gems & Jewelry Market Map, By Organized Vs. Unorganized, Market Size, By Value (USD Billion) & Growth Rate (%), 2021
Figure 10: UAE Gems & Jewelry Market Map, By Region, Market Size, By Value (USD Billion) & Growth Rate (%), 2021
Figure 11: UAE Gold Jewelry Market Size, By Value (USD Billion), 2017-2027F
Figure 12: UAE Gross National Income Per Capita (USD), 2015-2019
Figure 13: UAE Gems & Jewelry Market Share, By Application, By Value, 2017-2027F
Figure 14: UAE Gold Jewelry Market Share, By Company, By Value, 2021
Figure 15: UAE Diamond Market Size, By Value (USD Billion), 2017-2027F
Figure 16: UAE Urban Population as a Percentage of Total Population (%), (2015-2019)
Figure 17: UAE Diamond Market Share, By Company, By Value, 2021
Figure 18: UAE Gemstones Market Size, By Value (USD Billion), 2017-2027F
Figure 19: UAE Female Population (In Million), 2015-2019
Figure 20: UAE Gemstones Market Share, By Company, By Value, 2021
Figure 21: UAE Silver Jewelry Market Size, By Value (USD Billion), 2017-2027F
Figure 22: UAE Male Population (In Million), 2015-2019
Figure 23: UAE Silver Jewelry Market Share, By Company, By Value, 2021
Figure 24: UAE Gems & jewelry Imports, By Value, 2016-2020 (USD Billion)
Figure 25: UAE Gems & jewelry Exports, By Value, 2016-2020 (USD Billion)