UAE Luxury Jewelry Market to Flourish at a CAGR of Around 10.36% During 2026-30

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UAE Luxury Jewelry Market Overview, Trends, Size and Forecast: 2026-2030

The UAE Luxury Jewelry Market size is valued at around USD 1.24 billion in 2025 and is projected to reach USD 2.24 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 10.36% during the forecast period, i.e., 2026-30.

Various factors are attributed to the market growth. The region has a wide number of rich individuals with high disposable income to buy these items that reflect their social status. Also, the expansion of online platforms selling high-end jewelry has allowed brands to reach a wider consumer base. The cultural significance of various precious stones & gold on many occasions ensures the consistent demand. Various important tourist destinations with high-end malls containing outlets of major brands further attract both residents and tourists to purchase high-end jewelry. A large number of tourists purchase high-value jewelry from these places.  The influx of tourists in places like Dubai & Abu Dhabi provides a wide consumer base looking for luxury, leading to the increasing demand for such products.

Numerous trends are shaping the market growth trajectory. The incorporation of regional influences such as Arabic calligraphy and traditional motifs is increasing the demand for traditionally artistic designs depicting cultural heritage. The market is also shifting towards investment-based purchases, with consumers buying luxury jewelry to keep it as a long-term asset. The rising adoption of the virtual try-on option through digital engagement allows brands to enhance online shopping experiences with the help of augmented reality and AI-driven personalization tools.

Moreover, the market offers several lucrative opportunities for growth & expansion. The period of cultural & seasonal events presents opportunities to capitalize on the growing demand during Eid & Ramadan. This is because a large number of consumers prefer to buy luxury jewelry during this season. Also, the expansion of boutique-format luxury stores in tier-2 emirates like Sharjah and Ras Al Khaimah creates an opportunity for market players. This is due to the increasing wealth concentration in these areas with high sales potential for high-end retail, as they are underserved areas.

However, various challenges are impeding the market growth. The fluctuating gold prices add high volatility in the market, which highly affects the buying decisions of consumers. Also, the market consists of too many players involving both domestic & international brands providing similar products. This makes it difficult for the bands to build customer loyalty in the highly competitive market. Moreover, the rising number of counterfeit products is drastically affecting the brand value while impacting the consumer trust in luxury brands. Also, rapidly changing consumer preferences among younger generations could challenge traditional luxury jewelry brands to stay relevant with the evolving tastes of their customers, further states the research report, “UAE Luxury Jewelry Market Analysis, 2026”.

UAE Luxury Jewelry Market Segmentation Insights:

Necklace is the Most Preferred Product

Based on product, the market is further segmented into necklaces, rings, earrings, bracelets, and Others. In the market for Luxury jewelry, the Necklace segment is the market leader, which holds more than 30% of the total market value. This is due to the symbolic value and aesthetic appeal coupled with their strong cultural relevance in the UAE. Expensive necklaces play a vital role in the Emeriti traditions during weddings & occasions. Their market leadership is further supported by the preferences of luxury consumers in the UAE, who often seek bold and statement pieces that reflect their identity and lifestyle. The greater visibility offered by necklaces makes them the preferred choice for everyday use & occasions as compared to other products. They are extremely popular in the key retail hubs of Dubai & Abu Dhabi that offer a wide variety of necklaces from top global brands. Moreover, these high-class necklaces are chosen for gifting purposes, which further adds to their constant demand.

UAE Luxury Jewelry Market Regional Analysis:

Dubai Spearheads the UAE Luxury Jewelry Industry

Dubai dominates the UAE Luxury Jewelry industry. It holds around 52.73% share of the total market value. Various reasons are attributed to this domination. Dubai has established itself as the city of gold while being the regional capital for luxury jewelry due to its strategic positioning as a duty-free trade and logistics hub. This is supported by the smooth import/export processes for precious metals and gemstones through favorable polices offered by the Dubai Multi Commodities Center and Dubai Gold Souk. Moreover, the liberal tax policies like the zero VAT on loose diamonds & gold bullion for registered traders allow easier development of luxury jewelry. It is also a home to a thriving market for investment-driven & resale of 22K & 24K gold. This makes Dubai an attractive destination for South Asian and Middle Eastern buyers who seek luxury jewelry as asset-backed purchases. Furthermore, many global brands offering these products with a large number of buyers are attracted to international jewelry exhibitions & trade shows.

Top Companies in the UAE Luxury Jewelry Market

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading UAE Luxury Jewelry Market companies, including Cartier, Tiffany & Co., Bulgari, Van Cleef & Arpels, Damas, Graff, MKS Jewellery, Arqa Jewellery, Sana Al Maktoum Fine Jewellery, Galfa, and others, are looking forward to increase their market size & share.

Key Questions Answered in the Research Report

1. What is the scope, size, value, and forecast of the UAE Luxury Jewelry Market?
2. What is the volume and share of each segment in the UAE Luxury Jewelry Market?
3. What are the key trends shaping the UAE Luxury Jewelry Market from 2026 to 2030?
4. What growth factors and risks impact the UAE Luxury Jewelry Market?
5. What are the main challenges faced by players in the UAE Luxury Jewelry Market?
6. What are the top opportunities in the UAE Luxury Jewelry Market?
7. What does competitive analysis reveal about the UAE Luxury Jewelry Market landscape?
8. Who are the key players and companies leading the UAE Luxury Jewelry Market?
9. What innovations are transforming the future dynamics of the UAE Luxury Jewelry Market?
10. How are partnerships and collaborations driving the UAE Luxury Jewelry Market growth?
11. How does the UAE Luxury Jewelry Market differ based on geography and segments?