United Arab Emirates (UAE) Gemstones Market (2024-2030) | Companies, Value, Forecast, Trends, Size, Growth, Outlook, Revenue, Analysis, Industry & Share

Market Forecast By Type (Precious stone, Semi- precious stone, Others), By Applications (Fashion, Astrology, Others), By Distribution Channel (Offline Retail, Online Retail) And Competitive Landscape
Product Code: ETC016440 Publication Date: Aug 2023 Updated Date: Feb 2024 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

United Arab Emirates (UAE) Gemstones Market Competition 2023


United Arab Emirates (UAE) Export Potential Assessment For Gemstones Market (USD Values in Thousand)


United Arab Emirates (UAE) Gemstones Market Synopsis

The gemstones market in the United Arab Emirates (UAE) has experienced significant growth, driven by the country`s thriving luxury market, the demand for exclusive and unique jewellery pieces, and the cultural significance of gemstones in the region. Gemstones refer to precious and semi-precious stones that are used in jewellery and adornments, representing elegance, prestige, and personal expression. The UAE reputation as a global luxury destination, the presence of high-net-worth individuals, and the cultural tradition of gifting gemstone jewellery have been key drivers for the demand for gemstones in the country. Additionally, the market`s expansion is influenced by the preference for rare and ethically sourced gemstones, as well as the adoption of online platforms for gemstone sales.

Drivers of the Market

Several factors drive the demand for gemstones in the UAE. Firstly, the country`s luxury market and status as a hub for high-end jewellery attract affluent consumers seeking exclusive gemstone pieces. Secondly, the UAE cultural traditions, including the use of gemstone jewellery for weddings and special occasions, contribute to the steady demand for gemstones.

Challenges of the Market

Despite the positive growth prospects, the UAE gemstones market faces certain challenges. One significant challenge is the authenticity and ethical sourcing of gemstones. Consumers are increasingly conscious of the origins of gemstones and may seek assurance of their authenticity and ethical procurement.

Covid-19 Impact on the Market

The Covid-19 pandemic had a notable impact on the UAE gemstones market. With travel restrictions and reduced tourism during lockdowns, luxury spending, including purchases of gemstone jewellery, may have experienced a temporary decline. However, with the gradual reopening of the economy and a shift to online shopping, the gemstones market saw a recovery as consumers sought unique and valuable gemstones through digital platforms.

Key Players of the Market

The UAE gemstones market comprises both international and local players. Leading gemstone traders, manufacturers, and retailers, such as Graff Diamonds, Mouawad, and Damas, have a strong presence in the UAE, offering a wide range of high-quality gemstones and exquisite jewellery pieces to cater to the preferences of UAE affluent consumers. These companies emphasize transparency in gemstone sourcing, gem certification, and bespoke designs to meet the demands of UAE luxury market and consumers seeking unique and exceptional gemstone jewellery. Additionally, local jewellers, gemstone dealers, and auction houses also play a crucial role in providing a diverse selection of gemstones to meet the demands of UAE discerning consumers. The market`s competitiveness and growth are shaped by the efforts of these key players to offer a range of gemstones that align with the UAE luxury market and consumers` desire for precious and rare gemstones. As the UAE luxury sector continues to thrive, the gemstones market is expected to witness further advancements and increasing adoption in the coming years.

Key Highlights of the Report:

  • United Arab Emirates (UAE) Gemstones Market Outlook
  • Market Size of United Arab Emirates (UAE) Gemstones Market, 2023
  • Forecast of United Arab Emirates (UAE) Gemstones Market, 2030
  • Historical Data and Forecast of United Arab Emirates (UAE) Gemstones Revenues & Volume for the Period 2020-2030
  • United Arab Emirates (UAE) Gemstones Market Trend Evolution
  • United Arab Emirates (UAE) Gemstones Market Drivers and Challenges
  • United Arab Emirates (UAE) Gemstones Price Trends
  • United Arab Emirates (UAE) Gemstones Porter's Five Forces
  • United Arab Emirates (UAE) Gemstones Industry Life Cycle
  • Historical Data and Forecast of United Arab Emirates (UAE) Gemstones Market Revenues & Volume By Type for the Period 2020-2030
  • Historical Data and Forecast of United Arab Emirates (UAE) Gemstones Market Revenues & Volume By Precious stone for the Period 2020-2030
  • Historical Data and Forecast of United Arab Emirates (UAE) Gemstones Market Revenues & Volume By Semi- precious stone for the Period 2020-2030
  • Historical Data and Forecast of United Arab Emirates (UAE) Gemstones Market Revenues & Volume By Others for the Period 2020-2030
  • Historical Data and Forecast of United Arab Emirates (UAE) Gemstones Market Revenues & Volume By Applications for the Period 2020-2030
  • Historical Data and Forecast of United Arab Emirates (UAE) Gemstones Market Revenues & Volume By Fashion for the Period 2020-2030
  • Historical Data and Forecast of United Arab Emirates (UAE) Gemstones Market Revenues & Volume By Astrology for the Period 2020-2030
  • Historical Data and Forecast of United Arab Emirates (UAE) Gemstones Market Revenues & Volume By Others for the Period 2020-2030
  • Historical Data and Forecast of United Arab Emirates (UAE) Gemstones Market Revenues & Volume By Distribution Channel for the Period 2020-2030
  • Historical Data and Forecast of United Arab Emirates (UAE) Gemstones Market Revenues & Volume By Offline Retail for the Period 2020-2030
  • Historical Data and Forecast of United Arab Emirates (UAE) Gemstones Market Revenues & Volume By Online Retail for the Period 2020-2030
  • United Arab Emirates (UAE) Gemstones Import Export Trade Statistics
  • Market Opportunity Assessment By Type
  • Market Opportunity Assessment By Applications
  • Market Opportunity Assessment By Distribution Channel
  • United Arab Emirates (UAE) Gemstones Top Companies Market Share
  • United Arab Emirates (UAE) Gemstones Competitive Benchmarking By Technical and Operational Parameters
  • United Arab Emirates (UAE) Gemstones Company Profiles
  • United Arab Emirates (UAE) Gemstones Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
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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 United Arab Emirates (UAE) Gemstones Market Overview

3.1 United Arab Emirates (UAE) Country Macro Economic Indicators

3.2 United Arab Emirates (UAE) Gemstones Market Revenues & Volume, 2020 & 2030F

3.3 United Arab Emirates (UAE) Gemstones Market - Industry Life Cycle

3.4 United Arab Emirates (UAE) Gemstones Market - Porter's Five Forces

3.5 United Arab Emirates (UAE) Gemstones Market Revenues & Volume Share, By Type, 2020 & 2030F

3.6 United Arab Emirates (UAE) Gemstones Market Revenues & Volume Share, By Applications, 2020 & 2030F

3.7 United Arab Emirates (UAE) Gemstones Market Revenues & Volume Share, By Distribution Channel, 2020 & 2030F

4 United Arab Emirates (UAE) Gemstones Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5 United Arab Emirates (UAE) Gemstones Market Trends

6 United Arab Emirates (UAE) Gemstones Market, By Types

6.1 United Arab Emirates (UAE) Gemstones Market, By Type

6.1.1 Overview and Analysis

6.1.2 United Arab Emirates (UAE) Gemstones Market Revenues & Volume, By Type, 2020-2030F

6.1.3 United Arab Emirates (UAE) Gemstones Market Revenues & Volume, By Precious stone, 2020-2030F

6.1.4 United Arab Emirates (UAE) Gemstones Market Revenues & Volume, By Semi- precious stone, 2020-2030F

6.1.5 United Arab Emirates (UAE) Gemstones Market Revenues & Volume, By Others, 2020-2030F

6.2 United Arab Emirates (UAE) Gemstones Market, By Applications

6.2.1 Overview and Analysis

6.2.2 United Arab Emirates (UAE) Gemstones Market Revenues & Volume, By Fashion, 2020-2030F

6.2.3 United Arab Emirates (UAE) Gemstones Market Revenues & Volume, By Astrology, 2020-2030F

6.2.4 United Arab Emirates (UAE) Gemstones Market Revenues & Volume, By Others, 2020-2030F

6.3 United Arab Emirates (UAE) Gemstones Market, By Distribution Channel

6.3.1 Overview and Analysis

6.3.2 United Arab Emirates (UAE) Gemstones Market Revenues & Volume, By Offline Retail, 2020-2030F

6.3.3 United Arab Emirates (UAE) Gemstones Market Revenues & Volume, By Online Retail, 2020-2030F

7 United Arab Emirates (UAE) Gemstones Market Import-Export Trade Statistics

7.1 United Arab Emirates (UAE) Gemstones Market Export to Major Countries

7.2 United Arab Emirates (UAE) Gemstones Market Imports from Major Countries

8 United Arab Emirates (UAE) Gemstones Market Key Performance Indicators

9 United Arab Emirates (UAE) Gemstones Market - Opportunity Assessment

9.1 United Arab Emirates (UAE) Gemstones Market Opportunity Assessment, By Type, 2020 & 2030F

9.2 United Arab Emirates (UAE) Gemstones Market Opportunity Assessment, By Applications, 2020 & 2030F

9.3 United Arab Emirates (UAE) Gemstones Market Opportunity Assessment, By Distribution Channel, 2020 & 2030F

10 United Arab Emirates (UAE) Gemstones Market - Competitive Landscape

10.1 United Arab Emirates (UAE) Gemstones Market Revenue Share, By Companies, 2023

10.2 United Arab Emirates (UAE) Gemstones Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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