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UAE Gems and Jewelry Market Forecast and Opportunities, 2027

UAE gems & jewelry market is expected to reach USD10.71 billion by 2027, growing at a CAGR of 6.53% during the forecast period. Click : https://bit.ly/3u8wL1U

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UAE Gems and Jewelry Market Forecast and Opportunities, 2027

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  1. 2017 – 2027 UAE GEMS AND JEWELRY MARKET FORECAST AND OPPORTUNITIES Published: February 2022 www.techsciresearch.com MARKET INTELLIGENCE . CONSULTING

  2. Table of Contents S. No. Contents 1. Product Overview 2. Research Methodology 3. Executive Summary 4. Voice of Customer 4.1. Brand Recall and 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 and 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 (By Type, By Distribution Channel, By Organized Vs, Unorganized Sector, By Region) 6. UAE Gold Jewelry Market Outlook Market Size & Forecast 6.1. 2 © TechSci Research

  3. Table of Contents S. No. Contents 6.1.1. By Value 6.2. Market Share & Forecast 6.2.1. By Application (Investment Vs. Personal Use) 6.2.1. By Company 7. UAE Diamond Market Outlook Market Size & Forecast 7.1. 7.1.1. By Value 7.2. Market Share & Forecast 7.2.1. By Company 8. UAE Gemstones Market Outlook Market Size & Forecast 8.1. 8.1.1. By Value 8.2. Market Share & Forecast 8.2.1. By Company 9. UAE Silver Jewelry Market Outlook Market Size & Forecast 9.1. 9.1.1. By Value 9.2. Market Share & Forecast 9.2.1. By Company 10. Import Export Analysis 11. Supply Chain Analysis 3 © TechSci Research

  4. Table of Contents S. No. Contents 12. Market Dynamics 12.1. Market Drivers 12.2. Market Challenges 13. Market Trends and Developments 14. Policy and Regulatory Landscape 15. Impact of COVID-19 on UAE Gems and 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 Recommendation 19. About Us & Disclaimer 4 © TechSci Research

  5. Product Overview

  6. Scope of Report Product of Interest (POI): Gems and Jewelry Products Gem is a term used to describe gemstones. Gemstones are valuable or semiprecious gemstones that have been finely cut and polished for use in jewelry and other artifacts. Ornaments consisting of precious metals or stones are known as jewelry. Necklaces, rings, bracelets, and other jewelry pieces are examples of jewelry. UAE GEMS AND JEWELRY MARKET BY REGION BY TYPE Market Segmentation Year Range Dubai • Gold • Abu Dhabi • Diamond • Sharjah • Gemstones • Review Period Rest of UAE • Silver • 2017 – 2020 Others • Base Year 2021 BY ORGANIZED VS UNORGANIZED BY DISTRIBUTION CHANNEL Estimated Year Jewelry Showrooms • 2022 Company Exclusive • Showrooms Forecast Period Online • 2023 – 2027 6 © TechSci Research

  7. Research Methodology

  8. Research Methodology Data Data Market Profiling Data Analysis Developing list of Respondents Formulating Questionnaire Collection Validation In-depth secondary research was conducted to determine top players in the UAE gems and jewelry market, overall market size and segmental market size. The data was scrutinized using MS-Excel, statistical tools and internal proprietary database to obtain qualitative and quantitative insights about the UAE gems and jewelry market. Data obtained as a result of primary and secondary research was validated through rigorous triangulation. TechSci conducted interviews with industry experts and industry players for data collection and verification. In order to conduct industry experts’ interviews, TechSci formulated a detailed discussion guide. List of industry players and industry specialists was developed. Primary Research Desk Research Company Analysis ✓ ✓ Recent Developments Market Changing Aspects/Dynamics Government Policies Final Conclusion ✓ ✓ Market Participants Key Strengths ✓ Identifying Key Opinion Leaders Questionnaire Design In-depth Interviews Actionable Insights Data Filter & Analysis Business Solution Research & Intelligence Data Collection ✓ ✓ ✓ ✓ Primary Research Secondary Research Paid Sources LinkedIn TechSci Internal Database Company Websites Company Annual Reports White Paper Study Financial Reports Investor Presentations Regulatory Body Associations, etc. Factiva Hoovers ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ 8 8 © TechSci Research

  9. Research Methodology Baseline Methodology Our dedicated team of industry experts has monitored and analyzed various aspects of the UAE gems and jewelry market. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors such as increasing disposable income, rising demand for fashionable jewelry in the country and increasing innovation in existing offerings. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in the UAE gems and jewelry market. Methodology Followed for Calculation of Market Size: Market Size by Value: Market size, in terms of value, for the year 2021 was calculated based on information collected through • exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as gems and jewelry companies, channel partners, market influencers & end users, industry experts, and other industry participants. The team interviewed 20 gems and jewelry companies, 300 end users, and 15 industry experts and other value chain • stakeholders in the UAE gems and jewelry market to obtain the overall market size from 2017 to 2021, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out to arrive at the market size data during 2017-2021. 9 9 © TechSci Research

  10. Research Methodology Respondents were asked about the current and future market growth rates, market shares by type, by distribution channel, by organized vs unorganized, by region and by company. Removing the outlier responses, the geometric mean of growth estimates and supplier wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from other stakeholders depending upon the type of jewelry. Methodology Followed for Forecasting: Market shares by type, by distribution channel, by organized vs unorganized, by region and by company were calculated based • on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from various product types of air conditioner segments. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers. TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey • results in SPSS/Tableau Software. Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast • the India air conditioner market, TechSci Research used various forecast techniques such as: Moving Average ✓ Time Series Analysis ✓ Regression Analysis ✓ Econometric and Judgmental Analysis ✓ Note: (a) Sum of some shares may not be 100% due to round off till two decimal places. 10 10 © TechSci Research

  11. Research Methodology TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during short, medium and long-term period to estimate and analyze the market demand scenario. The currency used in the report is the United States Dollar (USD), with the market size indicated in USD billion. Partial List of Companies Interviewed Key Secondary Sources Damas Jewellery LLC World Bank ▪ ▪ Malabar Gold and Diamonds TechSci Research Proprietary Database & Knowledge ▪ ▪ Sky Jewellery LLC Repository ▪ Titan International (Middle East) FZE Company Annual Reports ▪ ▪ Tiffany & Co. Industry Magazines ▪ ▪ Kalyan Jewellers FZE BP Statistics ▪ ▪ Joyalukkas Jewellery LLC Industry Reports ▪ ▪ Pure Gold Jewelers LLC News Dailies ▪ ▪ Ceylon Master Gems FZCO Credible Paid Databases ▪ ▪ Atlas Jewellery LLC ▪ 11 11 © TechSci Research

  12. Industry Brief UAE Gems & Jewelry Market is anticipated to grow with rising disposable income, in the forecast period, 2023-2027F. According to TechSci report on, “UAE Gems & Jewelry Market - By Region, Competition Forecast & Opportunities, 2027”, UAE gems & jewelry market stood at USD7.28 billion in 2021, growing at a CAGR of 6.53% during the forecast period, 2023-2027, owing to factors like growing demands for branded jewelry. Rising number of market players in the country is further driving the growth of the UAE gems & jewelry market in the upcoming five years. Quality assurance over product, assured authenticity of the gems and jewels, along with aesthetic designs over jewelry are major factors influencing the consumer preference toward branded jewelry that drives the market growth. Collaboration between fashion houses and jewelry designers, and market players increase the product availability for the consumers to choose from, thereby supporting the growth of the UAE gems & jewelry market in the next five years. In recent years, increasing employment and the growing working female population is also aiding the growth of the UAE gems & jewelry market in the future five years. Rising disposable income among the population, along with the surging demands for modern jewelry also facilitate the market growth. Moreover, consumers are inclined toward high-quality products, with increasing combined family incomes, purchase capacity among the population is further increasing and substantiating the growth of the UAE gems & jewelry market in the forecast years through 2027. Technological innovations, increasing use of advanced techniques and equipment for the manufacturing of designer jewels, gem cutting, etc., also aid the growth of the UAE gems & jewelry market in the forecast period. Furthermore, materials, such as gold and silver, are widely regarded as symbols of wealth and status among families. Modern materials such as white gold, platinum, and rose gold are some of the modern designs and modern materials that are being quickly adopted in the UAE market. Diamonds and gemstones like rubies and others are playing an increasingly important role in changing fashion trends, especially among the upper-middle and upper-classes. 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 distribution channel, the market is further segmented into jewelry showrooms, company exclusive showrooms and online. Jewelry showrooms are anticipated to dominate the market segment, holding the largest revenue shares of the market by 2027F. The market segment growth can be attributed to the dependency of consumers over authenticity certificates and demand to physically assure product quality and authenticity. Moreover, jewelry showrooms also guarantee an easy return, exchange, and branded products as per customer demands, thereby aiding the growth of the UAE gems &jewelry market in the next five years. Organized gem & jewelry market sector may lead the market segment due to the increasing number of market players in the country. Demand for branded products and quality assurance, along with the increasing consumer inclination toward modern and lightweight jewelry for regular wear, also drives market growth and thus increases the number of market players in the country. Based on type, the market is further segmented into gold, diamond, gemstones, silver, and other. Diamond jewelry market registered the fastest CAGR of about 7.97% during the forecast years. Sudden increase in the demand for diamond jewelry, increasing demand for modern designs, and growing popularity for expensive materials like rose gold, and platinum fused with diamonds are further increasing the growth of the UAE gems & jewelry market in the future five years. A partial list of major market players of the UAE gems & jewelry market includes 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 “Dubai region leads the UAE gems & jewelry market due to increasing demands from the tourists. Tourism industry in the country is booming due to the international population visiting Dubai & Abu Dhabi regions for business and entertainment purposes. The sales for the jewelry grow exponentially owing to the increasing number of market players in the region too. Demand for exclusive and designer jewelry with inexpensive material fusions, modern designing further facilitate the growth of the UAE gems & jewelry market in the upcoming five years,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm. 12 © TechSci Research

  13. Sample Data - Snapshot UAE Gems and Jewelry Market Size, By Value (USD Billion), 2017-2027F CAGR 2017-2021 By Value: xx% CAGR 2022E-2027F By Value: xx% 2017 2018 2019 2020 2021 2022E 2023F 2024F 2025F 2026F 2027F Value (USD Billion) UAE Gems and Jewelry Market Share, By Type, By Value, 2017-2027F 2017 5.00% 10.00% 15.00% 20.00% 50.00% 2018 5.00% 10.00% 15.00% 20.00% 50.00% 2019 5.00% 10.00% 15.00% 20.00% 50.00% 2020 5.00% 10.00% 15.00% 20.00% 50.00% 2021 5.00% 10.00% 15.00% 20.00% 50.00% 2022E 5.00% 10.00% 15.00% 20.00% 50.00% 2023F 5.00% 10.00% 15.00% 20.00% 50.00% 2024F 5.00% 10.00% 15.00% 20.00% 50.00% 2025F 5.00% 10.00% 15.00% 20.00% 50.00% 2026F 5.00% 10.00% 15.00% 20.00% 50.00% 2027F 5.00% 10.00% 15.00% 20.00% 50.00% Gold Diamond Gemstones Silver Others UAE Gems and Jewelry Market Share, By Application, By Value, 2017-2027F 2017 40.00% 60.00% 2018 40.00% 60.00% 2019 40.00% 60.00% 2020 40.00% 60.00% 2021 40.00% 60.00% 2022E 40.00% 60.00% 2023F 40.00% 60.00% 2024F 40.00% 60.00% 2025F 40.00% 60.00% 2026F 40.00% 60.00% 2027F 40.00% 60.00% Personal Use Investment 13 © TechSci Research

  14. Report Ordering Report Name: UAE GEMS AND JEWELRY MARKET FORECAST AND OPPORTUNITIES 2017 – 2027 License Type Single User License Price $3500 Multi-User License Custom Research License $4500 $7500 To View Sample OR Purchase Report 14 © TechSci Research

  15. About Us & Disclaimer TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market. Related Reports India Gems and Jewelry Market, By Type (Gold, Diamond in Gold, Gemstones, Diamond, Silver and Others), By Distribution Channel (Store- • based Retail and Non-Store-based Retail), Competition, Forecast & Opportunities, 2025 Saudi Arabia Gold & Diamond Jewelry Market, By Type (Gold, Diamond in Gold & Diamond), By Distribution Channel (Exclusive Showrooms, • Online & Others), By Organized Vs. Unorganized, Competition Forecast & Opportunities, 2027 TechSci Research – North America 708 Third Avenue, Manhattan, New York, United States Tel: +1- 646- 360- 1656 Email: sales@techsciresearch.com www.techsciresearch.com TechSci Research – Europe 54, Old brook, Bretton, Peterborough, United Kingdom Email: sales@techsciresearch.com www.techsciresearch.com TechSci Research – Asia-Pacific B – 44, Sector – 57, Noida, National Capital Region, U.P. - India Tel: +91-120-4523900 Email: sales@techsciresearch.com www.techsciresearch.com Disclaimer The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and firsthand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.

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