Market Forecast by Countries (Saudi Arabia, UAE, Kuwait, Qatar, Bahrain, Oman, Turkey and Rest of Middle East), By Product (Necklace, Ring, Earrings, Bracelet, Others), By Material (Gold, Platinum, Diamond, Others) And Competitive Landscape
Product Code: ETC13199226 | Publication Date: Apr 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 150 | No. of Figures: 55 | No. of Tables: 32 |
According to 6Wresearch internal database and industry insights, the Philippines Construction Aggregates Market is projected to grow at a Compound Annual Growth Rate of 7.98% from 2025 to 2031.The market rising disposable incomes and cultural affinity for luxury gold and gemstone jewelry drive significant growth in the region.
Report Name | Middle East Jewellery Market |
Forecast period | 2025-2031 |
CAGR | 7.98 % |
Growing Sector | Luxury Goods and Fashion |
The Middle East Jewellery Market report thoroughly covers the market by countries, by Product, and by Material. The report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high-growth areas, and market drivers to help stakeholders align their strategies with current and future market dynamics.
Middle East Jewellery Market expansion continues, supported by a mix of cultural affinity for fine jewellery and the financial ability to invest in high-end products. With increased spending power, consumers across the region, especially in UAE and Saudi Arabia, are turning toward branded gold and diamond items. Simultaneously, digital advancements and e-commerce solutions are opening new retail channels, enabling brands to meet evolving expectations and helping the market adapt to modern consumer behaviours and global retail trends.
The Middle East Jewellery Market is anticipated to grow at a CAGR of 7.98 % during the forecast period 2025-2031. The Middle East jewellery business is increasingly expanding because of the ever-growing disposable income along with the deep-rooted inclination towards gemstones and gold. Luxury jewellery is now increasingly being worn by the urban youth as a statement. Due to higher production methods, brands are now able to create fully bespoke high-end pieces. Middle East Jewellery Market Growth is further accelerated by greater accessibility, as customers can easily learn about and purchase jewellery from various regions due to the shift towards online jewellery shops.
Middle East Jewellery Market faces challenges from volatile gold prices that influence consumer buying behavior. Strict import and export rules for precious metals complicate supply chains. Local manufacturers struggle against counterfeit products and competition from global brands. Additionally, a trend toward minimalist fashion may lower demand for traditional, ornate jewellery, while economic instability in parts of the region could slow market growth and reduce consumer spending.
Jewellery growth in the Middle East is driven by Customers’ increased interest in custom-made and ethically procured jewellery pieces. Customers embrace of tradition alongside modern design is spurring brand innovation. Moreover, virtual showrooms and online sales platforms are essential for connecting with clients. Green production and supply chains are becoming standard industry practice due to changing consumer preferences. Moreover, increasing disposable incomes and expanding urban populations continue to fuel demand for luxury and bespoke jewellery items across the region.
In the Middle East Jewellery Industry offers attractive prospects for investors, particularly in the high-end gold, gemstone, and diamond segments. Rising urbanization and rising middle-class wealth are boosting luxury jewellery demand. Strategic partnerships between international and domestic players are creating growth opportunities. Furthermore, advancements in e-commerce and innovative manufacturing methods like 3D printing are paving the way for fresh investment potential across the market.
Middle East Jewellery Market hosts prominent firms like Damas Jewellery, Pure Gold Jewellers, and Malabar Gold & Diamonds, supported by diverse product lines. Luxury names such as Cartier and Tiffany & Co. serve affluent customers, using strong marketing and influencer partnerships alongside heritage-inspired collections to dominate the marketplace.
Middle East Jewellery Market is shaped by stringent regulations governing hallmarking, gold purity, and tax compliance to safeguard consumer interests and maintain industry standards. Environmental directives promote sustainable and ethical sourcing practices. Additionally, policies that establish free trade zones, particularly in the UAE, boost international trade and partnerships. Together, these regulations create a favorable landscape that encourages innovation, market expansion, and responsible business conduct, helping the jewellery sector thrive in a competitive global market.
The future of the Middle East Jewellery Market looks promising with sustained growth expected due to economic diversification and an emphasis on non-oil sectors. Innovations in design and manufacturing technology are anticipated to widen product offerings, while digital platforms will drive sales growth. The adoption of blockchain technology for ensuring transparency in the supply chain could become a defining factor. Additionally, the appeal of traditional Middle Eastern designs complemented by contemporary aesthetics will continue to resonate with both local and global consumers.
The report offers a comprehensive study of the following market segments and their leading categories:
According to Ritika Kalra, Senior Research Analyst at 6Wresearch, The UAE dominates the Middle East Jewellery Market due to its position as a major luxury retail hub, extensive tourism, and strong consumer demand for high-end jewellery. Saudi Arabia follows closely, driven by its large affluent population and growing interest in luxury goods. Other countries like Qatar and Kuwait also contribute significantly but at a smaller scale compared to the UAE and Saudi Arabia.
Necklaces lead the market segment, favored for their versatility and popularity as statement pieces across various occasions. Rings also hold a substantial share, particularly engagement and wedding rings, reflecting cultural significance. Earrings and bracelets follow, with growing demand for intricate and custom designs. Other products, while important, constitute a smaller portion of the overall market.
Gold remains the dominant material in the Middle East Jewellery Market, largely due to deep-rooted cultural preferences and traditional significance. Diamonds hold a strong position, especially in luxury segments, while platinum and other precious metals are gaining traction for their modern appeal. The “Others” category includes materials like silver and alternative stones, which cater to niche markets.
The Market report covers a detailed analysis of the following market segments:
Middle East Jewellery Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Middle East Jewellery Market Overview |
3.1 Middle East Regional Macro Economic Indicators |
3.2 Middle East Jewellery Market Revenues & Volume, 2021 & 2031F |
3.3 Middle East Jewellery Market - Industry Life Cycle |
3.4 Middle East Jewellery Market - Porter's Five Forces |
3.5 Middle East Jewellery Market Revenues & Volume Share, By Countries, 2021 & 2031F |
3.6 Middle East Jewellery Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.7 Middle East Jewellery Market Revenues & Volume Share, By Material, 2021 & 2031F |
4 Middle East Jewellery Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Middle East Jewellery Market Trends |
6 Middle East Jewellery Market, 2021 - 2031 |
6.1 Middle East Jewellery Market, Revenues & Volume, By Product, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Middle East Jewellery Market, Revenues & Volume, By Necklace, 2021 - 2031 |
6.1.3 Middle East Jewellery Market, Revenues & Volume, By Ring, 2021 - 2031 |
6.1.4 Middle East Jewellery Market, Revenues & Volume, By Earrings, 2021 - 2031 |
6.1.5 Middle East Jewellery Market, Revenues & Volume, By Bracelet, 2021 - 2031 |
6.1.6 Middle East Jewellery Market, Revenues & Volume, By Others, 2021 - 2031 |
6.2 Middle East Jewellery Market, Revenues & Volume, By Material, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Middle East Jewellery Market, Revenues & Volume, By Gold, 2021 - 2031 |
6.2.3 Middle East Jewellery Market, Revenues & Volume, By Platinum, 2021 - 2031 |
6.2.4 Middle East Jewellery Market, Revenues & Volume, By Diamond, 2021 - 2031 |
6.2.5 Middle East Jewellery Market, Revenues & Volume, By Others, 2021 - 2031 |
7 Middle East Jewellery Market, By Countries, 2021 - 2031 |
7.1 Overview & Analysis |
7.2 Middle East Jewellery Market, Revenues & Volume, By Product, 2021 - 2031 |
7.2.1 Saudi Arabia Jewellery Market, Revenues & Volume, By Product, 2021 - 2031 |
7.2.2 UAE Jewellery Market, Revenues & Volume, By Product, 2021 - 2031 |
7.2.3 Kuwait Jewellery Market, Revenues & Volume, By Product, 2021 - 2031 |
7.2.4 Qatar Jewellery Market, Revenues & Volume, By Product, 2021 - 2031 |
7.2.5 Bahrain Jewellery Market, Revenues & Volume, By Product, 2021 - 2031 |
7.2.6 Oman Jewellery Market, Revenues & Volume, By Product, 2021 - 2031 |
7.2.7 Turkey Jewellery Market, Revenues & Volume, By Product, 2021 - 2031 |
7.2.8 Rest of Middle East Jewellery Market, Revenues & Volume, By Product, 2021 - 2031 |
7.3 Middle East Jewellery Market Revenues & Volume Share, By Material, 2021 & 2031F |
7.3.1 Saudi Arabia Jewellery Market, Revenues & Volume, By Material, 2021 - 2031 |
7.3.2 UAE Jewellery Market, Revenues & Volume, By Material, 2021 - 2031 |
7.3.3 Kuwait Jewellery Market, Revenues & Volume, By Material, 2021 - 2031 |
7.3.4 Qatar Jewellery Market, Revenues & Volume, By Material, 2021 - 2031 |
7.3.5 Bahrain Jewellery Market, Revenues & Volume, By Material, 2021 - 2031 |
7.3.6 Oman Jewellery Market, Revenues & Volume, By Material, 2021 - 2031 |
7.3.7 Turkey Jewellery Market, Revenues & Volume, By Material, 2021 - 2031 |
7.3.8 Rest of Middle East Jewellery Market, Revenues & Volume, By Material, 2021 - 2031 |
8 Middle East Jewellery Market Key Performance Indicators |
9 Middle East Jewellery Market - Export/Import By Countries Assessment |
10 Middle East Jewellery Market - Opportunity Assessment |
10.1 Middle East Jewellery Market Opportunity Assessment, By Countries, 2021 & 2031F |
10.2 Middle East Jewellery Market Opportunity Assessment, By Product, 2021 & 2031F |
10.3 Middle East Jewellery Market Opportunity Assessment, By Material, 2021 & 2031F |
11 Middle East Jewellery Market - Competitive Landscape |
11.1 Middle East Jewellery Market Revenue Share, By Companies, 2022 |
11.2 Middle East Jewellery Market Competitive Benchmarking, By Operating and Technical Parameters |
12 Top 10 Company Profiles |
13 Recommendations |
14 Disclaimer |