Middle East Jewellery Market (2023-2029) | Analysis, Size, Trends, Industry, Value, Growth, Forecast, Share, Revenue, Segmentation, Outlook & COVID-19 IMPACT

Market Forecast by Countries (Saudi Arabia, UAE, Qatar, Kuwait, Oman, Bahrain and Turkey), By Product (Necklace, Ring, Earrings, Bracelet, Others), By Material (Gold, Platinum, Diamond, Others) And Competitive Landscape

Product Code: ETC060271 Publication Date: Apr 2023 Updated Date: Nov 2023 Product Type: Report
Publisher: 6Wresearch No. of Pages: 200 No. of Figures: 90 No. of Tables: 30

Topics Covered in the Middle East Jewellery Market

Middle East Jewellery Market report thoroughly covers the market by countries, by product, and by material. The Jewellery Market outlook report provides an unbiased and detailed analysis of the ongoing jewellery market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Middle East Jewellery Market Synopsis 

Middle East Jewellery Market is expected to grow during the forecast period, driven by rising purchasing power and disposable incomes of individuals, along with the increasing preference for high-end and designer jewellery. The region is rich in cultural and religious beliefs due to which there is a strong demand for gold and diamond jewellery. Typically, gold jewellery is often seen as a status symbol and diamonds are also popular among individuals. The Middle East Jewellery Industry also facing several restraints such as volatile nature of gold prices, high competition, changing consumer preferences, and geopolitical instability. Additionally, counterfeit jewellery products can undermine consumer confidence in the market, thereby affecting demand for authentic jewellery in the region. The Middle East jewellery market is highly fragmented with the presence of small and medium-sized players. The leading players in the market are focused on expanding their product offerings and geographical reach to gain a competitive edge over their competitors. 

According to 6Wresearch, the Middle East Jewellery Market  size is projected to grow from USD 30.79 billion to USD $52.31 billion, at a CAGR of 7.98 % in the forecast period.  The market is expected to proliferate on the back of rising disposable incomes and changing lifestyle preferences. In addition, increasing tourism activities are expected to boost the Middle East Jewellery Market growth over the years. The Middle East has a strong cultural affinity for jewellery, which is also contributing in the expansion of jewellery market. The future of the Middle East jewellery market looks promising, with strong growth potential owing to the growing population and economic development. However, high gold prices, intense competition, and strict government regulations are some of the major challenges faced by market players operating in this region. Nevertheless, there are several growth opportunities for the Middle East jewellery market which includes increasing population and rising discretionary expenses as they will provide a large and increasingly affluent customer base for jewellery retailers. The tourism industry is another key driver of growth in the Middle East jewellery market as it will lead to more spending on luxury items by both foreign visitors and locals.

Middle East Jewellery Market Highlights

Report Name Middle East Jewellery Market
 Base Year 2022
 Historical Period 2019-2022
 Forecast Period 2023-2029
 Growth Rate (CAGR) 7.98%
 Report Coverage Revenues & Volume, Market Trends, Drivers & Challenges, Market Forecast, Market Share
 Segment Coverage By Countries, By Product, By Material
 Customization Scope 100% customized reports available along with reliable data. Moreover, you can alter the segments, countries, and regions according to your needs. For further details, you can contact our research expert at sales@6wresearch.com 
 Pricing and Purchase Options Avail customization purchase option to know the exact pricing of your research needs

COVID-19 Impact on the Middle East Jewellery Market

The COVID-19 pandemic negatively impacted the Middle East jewellery market in terms of supply and demand. The pandemic has caused disruptions to global supply chains, resulting in delays and shortages of jewellery in the region. Moreover, the pandemic has resulted in an economic downturn in many Middle Eastern countries, leading to a drop in consumer demand for jewellery. The pandemic has led to a shift in consumer preferences, with many people opting for affordable jewellery designs. Sales of jewellery have declined during the pandemic, as consumers have become more cautious about spending. 

Leading Players in the Middle East Jewellery Market

There are multifarious players in the Middle East Jewellery Market. Some of them are;

Damas: Damas is one of the largest jewellery retailers in the Middle East, offers a wide range of jewellery and other precious stones.

Malabar Gold & Diamonds: Malabar Gold & Diamonds is a leading jewellery retailer in the Middle East, offers a range of jewellery, from traditional to contemporary designs. 

Tiffany & Co.: Tiffany & Co. is an American luxury jewellery brand. The company is known for its high-end jewellery and resilient craftsmanship.

Market Analysis by Countries 

According to Shivankar, Research Manager, 6Wrresearch, the Saudi Arabia accounting for a significant share of the overall market. The UAE is the second-largest market in the Middle East, with a growing demand for luxury jewellery. On the other hand, the Qatar and Kuwait are growing markets with a focus on high-end jewellery. 

Market Analysis by Product 

By product, the Necklace is the largest segment of the Middle East Jewellery Market owing to the popularity of gold and diamond necklaces. However, ring is the second-largest segment, with a growing demand for engagement and wedding rings.

Market Analysis by Material 

By material, the Gold is most popular material for jewellery in the Middle East and expected to dominate the Middle East Jewellery Market share during the forecast period. Diamond and platinum are also expected to grow rapidly by the growing demand for luxury and high-end jewellery. 

Key attractiveness of the report

  • COVID-19 Impact on the Market.
  • 10 Years Market Numbers.
  • Historical Data Starting from 2019 to 2022.
  • Base Year: 2022.
  • Forecast Data until 2029.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report:

  • Middle East Jewellery Market Outlook
  • Market Size of Middle East Jewellery Market, 2022
  • Forecast of Middle East Jewellery Market, 2029
  • Historical Data and Forecast of Middle East Jewellery Revenues & Volume for the Period 2019 - 2029
  • Middle East Jewellery Market Trend Evolution
  • Middle East Jewellery Market Drivers and Challenges
  • Middle East Jewellery Price Trends
  • Middle East Jewellery Porter's Five Forces
  • Middle East Jewellery Industry Life Cycle
  • Historical Data and Forecast of Middle East Jewellery Market Revenues & Volume By Product for the Period 2019 - 2029
  • Historical Data and Forecast of Middle East Jewellery Market Revenues & Volume By Necklace for the Period 2019 - 2029
  • Historical Data and Forecast of Middle East Jewellery Market Revenues & Volume By Ring for the Period 2019 - 2029
  • Historical Data and Forecast of Middle East Jewellery Market Revenues & Volume By Earrings for the Period 2019 - 2029
  • Historical Data and Forecast of Middle East Jewellery Market Revenues & Volume By Bracelet for the Period 2019 - 2029
  • Historical Data and Forecast of Middle East Jewellery Market Revenues & Volume By Others for the Period 2019 - 2029
  • Historical Data and Forecast of Saudi Arabia Jewellery Market Revenues & Volume By Product for the Period 2019 - 2029
  • Historical Data and Forecast of Saudi Arabia Jewellery Market Revenues & Volume By Necklace for the Period 2019 - 2029
  • Historical Data and Forecast of Saudi Arabia Jewellery Market Revenues & Volume By Ring for the Period 2019 - 2029
  • Historical Data and Forecast of Saudi Arabia Jewellery Market Revenues & Volume By Earrings for the Period 2019 - 2029
  • Historical Data and Forecast of Saudi Arabia Jewellery Market Revenues & Volume By Bracelet for the Period 2019 - 2029
  • Historical Data and Forecast of Saudi Arabia Jewellery Market Revenues & Volume By Others for the Period 2019 - 2029
  • Historical Data and Forecast of UAE Jewellery Market Revenues & Volume By Product for the Period 2019 - 2029
  • Historical Data and Forecast of UAE Jewellery Market Revenues & Volume By Necklace for the Period 2019 - 2029
  • Historical Data and Forecast of UAE Jewellery Market Revenues & Volume By Ring for the Period 2019 - 2029
  • Historical Data and Forecast of UAE Jewellery Market Revenues & Volume By Earrings for the Period 2019 - 2029
  • Historical Data and Forecast of UAE Jewellery Market Revenues & Volume By Bracelet for the Period 2019 - 2029
  • Historical Data and Forecast of UAE Jewellery Market Revenues & Volume By Others for the Period 2019 - 2029
  • Historical Data and Forecast of Qatar Jewellery Market Revenues & Volume By Product for the Period 2019 - 2029
  • Historical Data and Forecast of Qatar Jewellery Market Revenues & Volume By Necklace for the Period 2019 - 2029
  • Historical Data and Forecast of Qatar Jewellery Market Revenues & Volume By Ring for the Period 2019 - 2029
  • Historical Data and Forecast of Qatar Jewellery Market Revenues & Volume By Earrings for the Period 2019 - 2029
  • Historical Data and Forecast of Qatar Jewellery Market Revenues & Volume By Bracelet for the Period 2019 - 2029
  • Historical Data and Forecast of Qatar Jewellery Market Revenues & Volume By Others for the Period 2019 - 2029
  • Historical Data and Forecast of Kuwait Jewellery Market Revenues & Volume By Product for the Period 2019 - 2029
  • Historical Data and Forecast of Kuwait Jewellery Market Revenues & Volume By Necklace for the Period 2019 - 2029
  • Historical Data and Forecast of Kuwait Jewellery Market Revenues & Volume By Ring for the Period 2019 - 2029
  • Historical Data and Forecast of Kuwait Jewellery Market Revenues & Volume By Earrings for the Period 2019 - 2029
  • Historical Data and Forecast of Kuwait Jewellery Market Revenues & Volume By Bracelet for the Period 2019 - 2029
  • Historical Data and Forecast of Kuwait Jewellery Market Revenues & Volume By Others for the Period 2019 - 2029
  • Historical Data and Forecast of Oman Jewellery Market Revenues & Volume By Product for the Period 2019 - 2029
  • Historical Data and Forecast of Oman Jewellery Market Revenues & Volume By Necklace for the Period 2019 - 2029
  • Historical Data and Forecast of Oman Jewellery Market Revenues & Volume By Ring for the Period 2019 - 2029
  • Historical Data and Forecast of Oman Jewellery Market Revenues & Volume By Earrings for the Period 2019 - 2029
  • Historical Data and Forecast of Oman Jewellery Market Revenues & Volume By Bracelet for the Period 2019 - 2029
  • Historical Data and Forecast of Oman Jewellery Market Revenues & Volume By Others for the Period 2019 - 2029
  • Historical Data and Forecast of Bahrain Jewellery Market Revenues & Volume By Product for the Period 2019 - 2029
  • Historical Data and Forecast of Bahrain Jewellery Market Revenues & Volume By Necklace for the Period 2019 - 2029
  • Historical Data and Forecast of Bahrain Jewellery Market Revenues & Volume By Ring for the Period 2019 - 2029
  • Historical Data and Forecast of Bahrain Jewellery Market Revenues & Volume By Earrings for the Period 2019 - 2029
  • Historical Data and Forecast of Bahrain Jewellery Market Revenues & Volume By Bracelet for the Period 2019 - 2029
  • Historical Data and Forecast of Bahrain Jewellery Market Revenues & Volume By Others for the Period 2019 - 2029
  • Historical Data and Forecast of Turkey Jewellery Market Revenues & Volume By Product for the Period 2019 - 2029
  • Historical Data and Forecast of Turkey Jewellery Market Revenues & Volume By Necklace for the Period 2019 - 2029
  • Historical Data and Forecast of Turkey Jewellery Market Revenues & Volume By Ring for the Period 2019 - 2029
  • Historical Data and Forecast of Turkey Jewellery Market Revenues & Volume By Earrings for the Period 2019 - 2029
  • Historical Data and Forecast of Turkey Jewellery Market Revenues & Volume By Bracelet for the Period 2019 - 2029
  • Historical Data and Forecast of Turkey Jewellery Market Revenues & Volume By Others for the Period 2019 - 2029
  • Historical Data and Forecast of Rest of Middle East Jewellery Market Revenues & Volume By Product for the Period 2019 - 2029
  • Historical Data and Forecast of Rest of Middle East Jewellery Market Revenues & Volume By Necklace for the Period 2019 - 2029
  • Historical Data and Forecast of Rest of Middle East Jewellery Market Revenues & Volume By Ring for the Period 2019 - 2029
  • Historical Data and Forecast of Rest of Middle East Jewellery Market Revenues & Volume By Earrings for the Period 2019 - 2029
  • Historical Data and Forecast of Rest of Middle East Jewellery Market Revenues & Volume By Bracelet for the Period 2019 - 2029
  • Historical Data and Forecast of Rest of Middle East Jewellery Market Revenues & Volume By Others for the Period 2019 - 2029
  • Historical Data and Forecast of Middle East Jewellery Market Revenues & Volume By Material for the Period 2019 - 2029
  • Historical Data and Forecast of Middle East Jewellery Market Revenues & Volume By Gold for the Period 2019 - 2029
  • Historical Data and Forecast of Middle East Jewellery Market Revenues & Volume By Platinum for the Period 2019 - 2029
  • Historical Data and Forecast of Middle East Jewellery Market Revenues & Volume By Diamond for the Period 2019 - 2029
  • Historical Data and Forecast of Middle East Jewellery Market Revenues & Volume By Others for the Period 2019 - 2029
  • Historical Data and Forecast of Saudi Arabia Jewellery Market Revenues & Volume By Material for the Period 2019 - 2029
  • Historical Data and Forecast of Saudi Arabia Jewellery Market Revenues & Volume By Gold for the Period 2019 - 2029
  • Historical Data and Forecast of Saudi Arabia Jewellery Market Revenues & Volume By Platinum for the Period 2019 - 2029
  • Historical Data and Forecast of Saudi Arabia Jewellery Market Revenues & Volume By Diamond for the Period 2019 - 2029
  • Historical Data and Forecast of Saudi Arabia Jewellery Market Revenues & Volume By Others for the Period 2019 - 2029
  • Historical Data and Forecast of UAE Jewellery Market Revenues & Volume By Material for the Period 2019 - 2029
  • Historical Data and Forecast of UAE Jewellery Market Revenues & Volume By Gold for the Period 2019 - 2029
  • Historical Data and Forecast of UAE Jewellery Market Revenues & Volume By Platinum for the Period 2019 - 2029
  • Historical Data and Forecast of UAE Jewellery Market Revenues & Volume By Diamond for the Period 2019 - 2029
  • Historical Data and Forecast of UAE Jewellery Market Revenues & Volume By Others for the Period 2019 - 2029
  • Historical Data and Forecast of Qatar Jewellery Market Revenues & Volume By Material for the Period 2019 - 2029
  • Historical Data and Forecast of Qatar Jewellery Market Revenues & Volume By Gold for the Period 2019 - 2029
  • Historical Data and Forecast of Qatar Jewellery Market Revenues & Volume By Platinum for the Period 2019 - 2029
  • Historical Data and Forecast of Qatar Jewellery Market Revenues & Volume By Diamond for the Period 2019 - 2029
  • Historical Data and Forecast of Qatar Jewellery Market Revenues & Volume By Others for the Period 2019 - 2029
  • Historical Data and Forecast of Kuwait Jewellery Market Revenues & Volume By Material for the Period 2019 - 2029
  • Historical Data and Forecast of Kuwait Jewellery Market Revenues & Volume By Gold for the Period 2019 - 2029
  • Historical Data and Forecast of Kuwait Jewellery Market Revenues & Volume By Platinum for the Period 2019 - 2029
  • Historical Data and Forecast of Kuwait Jewellery Market Revenues & Volume By Diamond for the Period 2019 - 2029
  • Historical Data and Forecast of Kuwait Jewellery Market Revenues & Volume By Others for the Period 2019 - 2029
  • Historical Data and Forecast of Oman Jewellery Market Revenues & Volume By Material for the Period 2019 - 2029
  • Historical Data and Forecast of Oman Jewellery Market Revenues & Volume By Gold for the Period 2019 - 2029
  • Historical Data and Forecast of Oman Jewellery Market Revenues & Volume By Platinum for the Period 2019 - 2029
  • Historical Data and Forecast of Oman Jewellery Market Revenues & Volume By Diamond for the Period 2019 - 2029
  • Historical Data and Forecast of Oman Jewellery Market Revenues & Volume By Others for the Period 2019 - 2029
  • Historical Data and Forecast of Bahrain Jewellery Market Revenues & Volume By Material for the Period 2019 - 2029
  • Historical Data and Forecast of Bahrain Jewellery Market Revenues & Volume By Gold for the Period 2019 - 2029
  • Historical Data and Forecast of Bahrain Jewellery Market Revenues & Volume By Platinum for the Period 2019 - 2029
  • Historical Data and Forecast of Bahrain Jewellery Market Revenues & Volume By Diamond for the Period 2019 - 2029
  • Historical Data and Forecast of Bahrain Jewellery Market Revenues & Volume By Others for the Period 2019 - 2029
  • Historical Data and Forecast of Turkey Jewellery Market Revenues & Volume By Material for the Period 2019 - 2029
  • Historical Data and Forecast of Turkey Jewellery Market Revenues & Volume By Gold for the Period 2019 - 2029
  • Historical Data and Forecast of Turkey Jewellery Market Revenues & Volume By Platinum for the Period 2019 - 2029
  • Historical Data and Forecast of Turkey Jewellery Market Revenues & Volume By Diamond for the Period 2019 - 2029
  • Historical Data and Forecast of Turkey Jewellery Market Revenues & Volume By Others for the Period 2019 - 2029
  • Historical Data and Forecast of Rest of Middle East Jewellery Market Revenues & Volume By Material for the Period 2019 - 2029
  • Historical Data and Forecast of Rest of Middle East Jewellery Market Revenues & Volume By Gold for the Period 2019 - 2029
  • Historical Data and Forecast of Rest of Middle East Jewellery Market Revenues & Volume By Platinum for the Period 2019 - 2029
  • Historical Data and Forecast of Rest of Middle East Jewellery Market Revenues & Volume By Diamond for the Period 2019 - 2029
  • Historical Data and Forecast of Rest of Middle East Jewellery Market Revenues & Volume By Others for the Period 2019 - 2029
  • Middle East Jewellery Market - Key Performance Indicators
  • Middle East Jewellery Market - Import Export Trade Statistics
  • Middle East Jewellery Market - Opportunity Assessment By Countries
  • Middle East Jewellery Market - Opportunity Assessment By Product
  • Middle East Jewellery Market - Opportunity Assessment By Material
  • Middle East Jewellery Market - Top Companies Market Share
  • Middle East Jewellery Market - Top Companies Profiles
  • Middle East Jewellery Market - Comparison of Players in Technical and Operating Parameters
  • Middle East Jewellery Market - Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Countries 

  • Saudi Arabia
  • UAE
  • Qatar
  • Kuwait
  • Oman
  • Bahrain And Turkey

By Product 

  • Necklace
  • Ring
  • Earrings
  • Bracelet
  • Others

By Material 

  • Gold
  • Platinum
  • Diamond
  • Others
Middle East Jewellery Market: FAQs
The increasing disposable income, growing demand for luxury goods, and rapid urbanization are the primary factors proliferating the growth of this market.
The major challenges faced by the market includes high competition, fluctuating gold prices, and changing consumer preferences.
Expansion into new markets, development of e-commerce platforms, and tapping into the growing demand for ethical jewellery are the major opportunities in the market.
The COVID-19 pandemic led to a decline in sales due to reduced consumer spending and disruptions in supply chains. This has led to a decreasing demand for gold, which is extensively used in jewellery production.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
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, 2019 & 2029F
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, 2022 & 2029F
3.6 Middle East Jewellery Market Revenues & Volume Share, By Product, 2022 & 2029F
3.7 Middle East Jewellery Market Revenues & Volume Share, By Material, 2022 & 2029F
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 Saudi Arabia Jewellery Market, 2019 - 2029
6.1.1 Saudi Arabia Jewellery Market, Revenues & Volume, By Product, 2019 - 2029
6.1.2 Saudi Arabia Jewellery Market, Revenues & Volume, By Material, 2019 - 2029
7 UAE Jewellery Market, 2019 - 2029
7.1 UAE Jewellery Market, Revenues & Volume, By Product, 2019 - 2029
7.2 UAE Jewellery Market, Revenues & Volume, By Material, 2019 - 2029
8 Qatar Jewellery Market, 2019 - 2029
8.1 Qatar Jewellery Market, Revenues & Volume, By Product, 2019 - 2029
8.2 Qatar Jewellery Market, Revenues & Volume, By Material, 2019 - 2029
9 Kuwait Jewellery Market, 2019 - 2029
9.1 Kuwait Jewellery Market, Revenues & Volume, By Product, 2019 - 2029
9.2 Kuwait Jewellery Market, Revenues & Volume, By Material, 2019 - 2029
10 Oman Jewellery Market, 2019 - 2029
10.1 Oman Jewellery Market, Revenues & Volume, By Product, 2019 - 2029
10.2 Oman Jewellery Market, Revenues & Volume, By Material, 2019 - 2029
11 Bahrain Jewellery Market, 2019 - 2029
11.1 Bahrain Jewellery Market, Revenues & Volume, By Product, 2019 - 2029
11.2 Bahrain Jewellery Market, Revenues & Volume, By Material, 2019 - 2029
12 Turkey Jewellery Market, 2019 - 2029
12.1 Turkey Jewellery Market, Revenues & Volume, By Product, 2019 - 2029
12.2 Turkey Jewellery Market, Revenues & Volume, By Material, 2019 - 2029
13 Rest of Middle East Jewellery Market, 2019 - 2029
13.1 Rest of Middle East Jewellery Market, Revenues & Volume, By Product, 2019 - 2029
13.2 Rest of Middle East Jewellery Market, Revenues & Volume, By Material, 2019 - 2029
14 Middle East Jewellery Market Key Performance Indicators
15 Middle East Jewellery Market - Opportunity Assessment
15.1 Middle East Jewellery Market Opportunity Assessment, By Countries, 2022 & 2029F
15.2 Middle East Jewellery Market Opportunity Assessment, By Product, 2022 & 2029F
15.3 Middle East Jewellery Market Opportunity Assessment, By Material, 2022 & 2029F
16 Middle East Jewellery Market - Competitive Landscape
16.1 Middle East Jewellery Market Revenue Share, By Companies, 2022
16.2 Middle East Jewellery Market Competitive Benchmarking, By Operating and Technical Parameters
17 Company Profiles
18 Recommendations
19 Disclaimer
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